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Data Centre Developer Sues New Jersey Town for $300m
August 01, 2026
Posted by: Abdul-Rahman Oladimeji
New Jersey
Arizona
Real estate firm Lincoln has re-acquired a data center in Phoenix, Arizona at 2500 W. Frye Road in Chandler. Located on 14.5 acres, the 191,000-sq ft (17,740 sqm), 28MW facility features four data center halls, one of which is fully leased to a Fortune 500 enterprise user.“We are grateful to t...
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United States
Vertiv plans to acquire Purge Rite Intermediate, LLC, (PurgeRite) for $1 billion in cash plus up to $250 million based on achieving certain 2026 performance metrics. The deal represents approximately 10x expected 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) inc...
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NEXTDC
Australian neocloud Sharon AI has signed a 50MW capacity expansion agreement with NextDC. The company is reportedly undergoing a private funding round with the hope it will "warm up" the market for a future public listing.“AI infrastructure is the foundation of the intelligence economy,” said ...
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TLDR: Fluence used its Q3 FY2025 call to spotlight AI data centers as a new growth vector for battery storage, saying it is working directly with leading operators while it tests ultra‑fast response solutions. Revenue rebounded QoQ to $602.5M and backlog held at $4.9B, but FY2025 revenue is no...
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Microsoft Azure
Microsoft has signed a $9.7bn deal with Iren to access the neocloud's GPUs. The agreement will give Microsoft access to Iren's Nvidia GB300s. The total value of the contract is $9.7bn, with Microsoft providing 20 percent in prepayment.Daniel Roberts, co-founder & co-CEO of Iren, said: “We’...
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DATA4 Group
European data center operator Data4 has signed a renewable energy deal with TotalEnergies. Under the terms of the Power Purchase Agreement (PPA), Total will provide renewable energy to Data4’s Spanish data centers.“We are delighted with this agreement with Data4, which illustrates our ability ...
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AWS to Invest $5bn in South Korea Data CentersAmazon Web Services (AWS) plans to invest a further $5 billion in data centers in South Korea, which will include the construction of new AI data centers in the Incheon and Gyeonggi regions. Equinix Buys DC01UK Data Center Campus in HertfordshireEq...
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Germany / Deutschland
The Rostock government of Northern Germany last week broke ground on a new municipal facility in Toitenwinkel. The 300kW site will feature 90 sqm (969 sq ft) of white space across two data halls. The government said the facility will secure and modernize the city administration’s IT infrastruc...
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Italy
Apple has signed a 15-year Power Purchase Agreement (PPA) with renewable energy developer Engie in Southern Italy. The deal will support the construction of four new renewable projects and a wind repowering project; two wind farms with a combined capacity of 74MW, a wind repowering project wit...
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AtlasEdge
European data center operator AtlasEdge this week announced it has secured €253 million ($294.8m) in green financing to support the development of its campus in Lisbon. The funds will be used to build out the first and second buildings at the company's new campus, delivering a 21.1MW capacity ...
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TeraWulf has formed a new joint venture with AI cloud firm Fluidstack, backed by Google, to develop a data center campus in Texas. Under the agreement, the companies will develop and deliver 168MW of critical IT load (240MW gross) at a new 120-acre data center campus in Abernathy, Texas. The f...
Read moreGoodman Group
Logistics firm Goodman this week announced the acquisition of a 45.8-acre site in San Jose that will host a two-building data center campus totaling 414,000 square feet (38,460 sqm) with up to 97.3MW of available power by 2028.The property, at 350 & 370 West Trimble Road in Santa Clara Cou...
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Equinix
Data center firm Equinix this week inaugurated its new MO2 data center in Monterrey, Nuevo Leon. A $250 million investment, MO2 center offers more than 30,000 square feet (2,785 sqm) of colocation space."Since our arrival in Mexico in 2020, we have focused on strengthening and modernizing the ...
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Oracle
Nvidia has partnered with Oracle and the US Department of Energy to build two AI supercomputers at Argonne National Laboratory in Illinois. Solstice will be the largest AI supercomputer owned by the DOE and will be built with the DOE’s new public-private partnership model. Equinox will consist...
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California
Californian utility company Pacific Gas & Electric (PG&E) has seen its data center pipeline fall by 400MW compared to June, reporting 9.6GW of projects seeking a connection. While the utility saw a decline in early-stage data center projects in its pipeline, it reported that 18 project...
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Australia
Australian real estate firm Centuria Industrial REIT is planning to develop a new data center in Melbourne, Victoria. The company said it was “seizing the opportunity” to develop a second data center adjacent to the existing Telstra-occupied data center in Clayton.“Telstra has agreed to partia...
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Texas
Meta has signed a Power Purchase Agreement (PPA) with Engie North America for 600MW of solar power from Engie’s new Swenson Ranch Solar project in Stonewall County, southeast of Lubbock, Texas. The entire capacity of the 600MW project will be supplied to Meta under the agreement. "We are excit...
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Equinix
Equinix will create a 250MW+ data center in Hertfordshire, UK, and has pledged to invest £3.9 billion ($5.2bn) in the project. The colo giant has purchased an under-construction facility formerly known as DC01UK, situated on an 85-acre site near the M25 motorway at South Mimms.James Tyler, UK ...
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United States
Cryptomine firm CleanSpark and immersion cooling provider Submer are working together on an “infrastructure platform that integrates power generation, data center development, and AI-service delivery.” Under the partnership, CleanSpark aims to focus on selecting, developing, building, and oper...
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Core Scientific
CoreWeave's planned acquisition of data center provider Core Scientific has been brought to a sudden stop. An SEC filing from Core Scientific published today, October 30, stated that at a "special meeting" to discuss the acquisition, the "requisite Company stockholders did not approve the Merg...
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