Data Center News

Cryptominer Hive Digital acquires Toronto data center

Crypto firm Hive Digital this week announced the signing of a purchase and sale agreement to acquire a facility with 7.2MW of installed capacity. Hive said the acquisition will support the development of a “sovereign Canadian AI ecosystem” through its wholly owned subsidiary, Buzz High Perform...

June 25, 2025

Toronto

Stack Infrastructure breaks ground on 60MW data center expansion in California

IPI-owned company Stack Infrastructure announced this week that it has broken ground on a 60MW data center expansion in Silicon Valley, California. The company plans to build two data centers to add 60MW of capacity, an advanced manufacturing facility, and a parking structure, spanning 19 acre...

March 29, 2024

STACK INFRASTRUCTURE

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

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

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

Loblaw former data center in Canada bought by Grain & StratCap

Grain Management and StratCap bought a data center on the Canadian outskirts of Toronto. This week, the firms announced the formation of a joint venture to purchase 55 Hereford Street in Brampton, Ontario. The terms of the transaction were not disclosed, but per the joint venture contract, Str...

June 22, 2023

Toronto

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

Serverspace Establish New Data Centers Around the World

Leading cloud provider Serverspace is pleased to announce the installation of hardware in an innovative data center in Toronto, Canada. With current facilities in five other nations, this facility represents Serverspace's sixth international location. The new data center's equipment is kept in...

April 25, 2023

Toronto

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

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

STACK Infrastructure and ESR Form JV To Develop 72MW Facility in Osaka

Stack Infrastructure has partnered with ESR Group Limited to develop a 72MW data center campus in Osaka, Japan. The JV will see the companies develop the facility in Keihanna, Osaka. Stack and ESR schedule that the development of the first of three buildings will start in Q4 2023. The build...

December 05, 2022

STACK INFRASTRUCTURE

Stack Developing a 36MW Facility in Prince William County, Virginia

Stack Infrastructure has announced that it has started work on a new facility in Virginia. The groundbreaking ceremony of the NVAL3 hyperscale data center campus took place this week. The data center’s first phase will deliver 36MW of capacity in a single building by Q1 2024. In addition, t...

December 01, 2022

STACK INFRASTRUCTURE

Stack to develop new data center campus in Phoenix, Arizona

Stack has announced that it’s developing a new 230 MW data center campus in Phoenix, Arizona, featuring five buildings on a 50-acre site. This site, which will span 1.7 million square feet (157,935 sqm), is the company’s second in the state and will run on 100% renewable energy, built with a ...

November 08, 2022

STACK INFRASTRUCTURE

Stack Acquires 60 Acres in Manassas as Part of a Potential 250MW Data Center Campus Development

Stack Infrastructure has acquired two empty parcels of land in Manassas, Virginia. The land has been zoned for data center development. Per BizJournal, an affiliate of Stack Infrastructure paid $25.4m for 30.8 acres at 9530 Hornbaker Road, Manassas, last month. The company then bought anoth...

October 11, 2022

STACK INFRASTRUCTURE

Stack To Develop an 80MW Data Center in Frankfurt, Germany

Stack Infrastructure has announced its plans to develop a large data center campus in Frankfurt. The company is looking to develop an 80MW facility in a former Coca-Cola bottling plant in the German city. Stack Infrastructure acquired the 17-acre parcel from Coca-Cola Europacific Partners D...

October 10, 2022

STACK INFRASTRUCTURE

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