Data Center News

Zededa raises $72 million in new funding round

California-based company Edge computing orchestration startup Zededa last week announced the closing of the Series C round, led by Smith Point Capital which was founded by former Salesforce Co-CEO Keith Block. The company raised $72 million in its latest funding round which will see the compan...

February 15, 2024

California

Stack Infrastructure to expand footprint in Virginia

Data center firm Stack Infrastructure this week announced plans to expand its footprint in Virginia with a new 72MW campus in Leesburg. in Loudoun County. This planned facility, known as the NVA-06 will initially host a 48MW building set to deliver Q2 2025, followed by a second 24MW building ...

January 11, 2024

STACK INFRASTRUCTURE

Intel announces layoff plans across its Californian campuses

Intel has announced its plans to lay off 311 employees across two Californian campuses. This marks the second round of job cuts carried out by the company in California this year. Two separate "worker adjustment and retraining notifications" (WARNs) filed with the State of California’s Employ...

December 27, 2023

California

Stack Infrastructure to expand facility in Virginia’s Prince William County

Data center firm Stack Infrastructure announced this week that it is expanding its campus in Virginia’s Prince William County. The company has purchased land from and adjacent to the Youth For Tomorrow non-profit in Bristow to expand its NVA02 campus. Tim Hughes, chief development officer, Sta...

December 08, 2023

STACK INFRASTRUCTURE

Broadcom reduces VMware workforce by over 1200

Broadcom recently disclosed 1,267 layoffs for VMware employees at the Palo Alto, California, headquarters only a day after the layoff plans were announced. This also comes one week after Broadcom completed its acquisition of VMware. A letter from Jill Turner, Broadcom's vice president of hum...

November 30, 2023

California

Qualcomm to reduce workforce in California by December

A recent filing with the California Employment Development Department has revealed that Chip designer Qualcomm intends to cut its workforce significantly. The filing noted that Qualcomm is cutting 1,258 jobs in San Diego and Santa Clara, California, to reduce costs. The job cuts are to begin b...

October 18, 2023

California

Stack inaugurates a data center in Toronto

Stack Infrastructure has established a data center in Toronto, Canada. This week, the company revealed the dispatch of the first 8MW phase of the 56MW Ontario campus. First Gulf, a Toronto-based developer, collaborated with Stack to execute the initial 8MW data center by refurbishing an existi...

September 22, 2023

STACK INFRASTRUCTURE

STACK Infrastructure Completes 56MW Enterprise Toronto Facility Initial Phase

STACK, a leading global developer and operator of data centers and the digital infrastructure partner to the most cutting-edge businesses in the world, announced the completion of the first phase at its flagship campus in Toronto. The first phase of the campus, with a total capacity of 56MW, i...

September 20, 2023

STACK INFRASTRUCTURE

STACK Infrastructure Constructs Its First Data Center in Australia

A new data center campus has been opened by Stack in Melbourne, Australia. This week, the company announced the conclusion of its MEL01 Asia-Pacific (APAC) data center.The 36MW MEL01A facility, situated on a 3.6-hectare site in Melbourne's Truganina region, is part of a 72MW campus that will u...

August 22, 2023

STACK INFRASTRUCTURE

Stack Infrastructure concludes its second $250 million debt financing of 2023

$250 million in securitized notes have been issued as part of Stack Infrastructure's second round of structured debt financing for 2023. The funding round began a month ago with an initial goal of raising $100 million, which has since more than doubled. Since 2019, Stack has raised $2.3 billio...

August 02, 2023

STACK INFRASTRUCTURE

Stack Infrastructure intends to raise $100 million in secured notes

Stack Infrastructure seeks to raise $100 million by issuing securitized notes. After raising $250 million in March, this will be Stack's second fundraising round this year and sixth overall. It will begin on July 24.The notes have received an A-2 rating from S&P Global. This is presently s...

July 26, 2023

STACK INFRASTRUCTURE

Stack Plans to Setting up Two San Jose Data Centers

Stack has applied for approval to expand its San Jose, California data center campus. This week, the San Jose City planning commission will consider Stack's request to construct two data centers at 2400 Ringwood Avenue and 1880 Fortune Drive in Santa Clara County, as first reported by SF Yimby...

April 26, 2023

STACK INFRASTRUCTURE

StratCap Expands Data Center Portfolio with Acquisition of Two US Facilities

StratCap, a privately held investment firm, has acquired two data centers in the United States. The data centers, located in California and Missouri, were purchased for an undisclosed amount. StratCap acquired in Santa Clara, California, a purpose-built data center that is 100 percent leased t...

April 18, 2023

California

Stack offers backup generator power to Swiss confederation's Winter Reserve

Stack Infrastructure has signed up for the Swiss Winter Reserve Plan, through which it will provide its supplemental power capacity to the Swiss energy reserve, in line with the Federal Council's ordinance. The ordinance includes measures to prevent winter power shortages and will run until A...

March 17, 2023

STACK INFRASTRUCTURE

Stack Raises $250m From securitized Notes

The data center company Stack has completed its most recent structured debt fundraising round. The company revealed the sale of $250 million in securitized notes last week. The price of the notes is a 5.900 percent fixed rate coupon. The firm said it has now raised $2.1 billion in notes thr...

March 17, 2023

STACK INFRASTRUCTURE

Honda’s hydrogen fuel cells to be used in data centers

Honda has announced that its old retired Clarity fuel cells will now be used for backup power at one of its data centers as part of a trial project. The company said that this aligns with its carbon neutrality goals, which it aims to reach by 2050, and promotes circular economy principles. The...

March 10, 2023

California

Stack Infrastructure Will Raise $250 Million to Expand Its Data Center

Stack Infrastructure plans to seek $250 million for data center expansion. The Stack Infrastructure Issuer will provide the funding, 2023-1, through the securitization of income connected to lease obligations and electrical capacity at 8 wholesale data centers in seven U.S. states. S&P Glo...

March 08, 2023

STACK INFRASTRUCTURE

Old Fremont Materials Factory Planned For Massive Data Center

The developer Valley Oak Partners, located in San Jose, California, has proposed constructing a data center with a floor space of 490,000 square feet at the former location of the construction materials firm USG in Fremont, California. According to Valley Oak, the facility would serve as a ven...

March 02, 2023

California

Valley Oak proposes 90MW data center in California

Valley Oak is pursuing a new data center in Fremont, California, it has been announced, to 'serve as a place for clients to either relocate their data servers or expand their data capacity.' The company submitted an application for a 490,000 square-foot (45,520 sqm) data center on approximatel...

February 24, 2023

California

ECL to offer hydrogen-powered off-grid modular data centers

ECL has announced $7 million in seed funding, with plans to build the first 3D-printed modular data center to be powered by green hydrogen in California. The first facility will be built at its headquarters in Mountain View, using a construction 3D printer and a local building services company...

January 26, 2023

California

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