Data Center News

Proximus considering €300m data center purchase

The Belgian telecommunications company Proximus is contemplating the sale of its data center unit for approximately €300 million ($329 million). According to Reuters, the company has hired bankers to start working on a sale, which could be used to finance the rollout of 5G and fiber networks. ...

Costs projected to rise as meta capex for data centers, servers, and networks reaches $6.4 billion

Meta

In the last quarter, Meta's capital expenditures reached $6.4 billion due to investments in data centers, servers, and network infrastructure. This is a decrease from the $7.1 billion the company spent in the previous quarter, but the Facebook proprietor is now done with a data center restruct...

Microsoft increases data center and AI compute capex

Microsoft Azure

This past quarter, Microsoft's capital expenditures increased to $10.7 billion as the company reported spending significantly on data centers, computing, and networking. The company announced that spending would increase each quarter throughout fiscal 2024, already higher than the $7.8bn capit...

Google data center initiatives postponed, but increases in AI compute expenditure made

Google

Alphabet reported quarterly sales of $74.6 billion, an increase of 7% from the same period last year.  Profits increased by 15% to $18.4 billion. While advertising sales drove the majority of the company's development, cloud sales increased by 28 % to $8 billion. Google Cloud reported its seco...

Since 2019, GoDaddy has left 29 data centers

GoDaddy has closed 29 enterprise data centers since 2019 to streamline its data center footprint. The company said it consolidated its presence to reduce Scope 1 and 2 emissions. GoDaddy pledged to cut Scope 1 and 2 GHG emissions by 50% by 2022 from a 2019 baseline. Data centers drove GoDaddy'...

ABB touts big winn data centers as sector sales hit $1.3 billion

In its most recent quarterly earnings report, Swedish-Swiss multinational ABB highlighted the expansion of its data center sales. In addition to developing data center power and cooling solutions, the company sells to various industrial sectors. Timo Ihamuotila, the company's CFO, stated on an...

Digital Realty sells TPG Real Estate 80% of Northern Virginia data centers stake for $1.3bn

Digital Realty Trust

TPG Real Estate now owns 80% of three Digital Realty data centers in the US state of Virginia's Northern Virginia. Digital will continue to oversee the daily operations of the joint venture's facilities. The data center business aims to utilize the $1.3 billion in proceeds from the transaction...

KPMG will invest $2 billion with Microsoft in AI and cloud services

Microsoft Azure

KPMG plans to invest $2 billion over the next five years in artificial intelligence (AI) and cloud services in partnership with Microsoft. The global expansion of the 'Big Four' accounting firm's relationship with Microsoft is anticipated to generate up to $12 billion in revenue over the next ...

Microsoft intends to invest $230 million in an additional data center in San Antonio, Texas

Microsoft Azure

Microsoft intends to construct another data center in the San Antonio, Texas, region. The corporation stated in applications with the Texas Department of Licensing and Regulation, initially reported by the San Antonio Business Journal, that the project would cost $230 million.The company inten...

Thames Water considers restricting London data centers' water usage

London

Thames Water has announced that it is considering restricting data center water-use in London. The measure could reportedly include charging operators more at peak times and adding flow restrictors to pipes.Initially, the private utility undertook an assessment to get insight into how much wat...

Mitsubishi teams up with FNT to boost data center sustainability

Japan

Mitsubishi Heavy Industries and FNT Software have announced the signing of an MoU to construct sustainable data centres to support decarbonization efforts. Through the MoU, MHI’s analysis and energy management solutions will be integrated into FNT’s data center infrastructure management (DCIM)...

Four-way MoU signed in Saudi Arabia to explore development of digital infrastructure hub

Integrated Telecom Co. Ltd., Khazzan Information Technology Co.,  Cinturion Corp Ltd and Emaar, The Economic City (EEC) have signed a strategic Memorandum of Understanding (MOU) agreement to explore the development of a digital infrastructure hub. This will reportedly comprise data centers, an...

QTS acquires 400 acres in South Carolina's York County

QTS Data Centers

A new campus for its data centers is being built by QTS on 400 acres of land in York County, South Carolina. Citing York County real estate documents, BizJournal reports that two entities linked with QTS Realty Trust LLC have acquired nearly 400 acres off S.C. Highway 274 for more than $11.2 m...

Google’s Water Consumption in Data Centers Soars by 20%

Google

The 2023 Google environmental report shows a considerable increase in data center water consumption. The company consumed an astounding 5.6 billion gallons of water in 2022, of which 5.2 billion were used solely for data centers. Compared to the previous year, this is 20% higher. Large data ce...

Kotak Data Center Fund grants Sify $73 million

Sify Technologies

Sify has raised over $70 million to develop new data centers. This funding was made public this week during the company's quarterly earnings report. Sify and Sify Infinit Spaces Limited ("SIS"), a wholly-owned subsidiary of Sify that operates its data centers, recently entered into a contract ...

Stack Infrastructure intends to raise $100 million in secured notes

STACK INFRASTRUCTURE

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...

Reliance joins Brookfield and Digital Realty's Indian data center JV

Digital Realty Trust

Reliance Industries, the largest business group in India, revealed that it would join Mercury Holdings SG Pte, the current joint venture between Brookfield Infrastructure and Digital Realty, to construct data centers in India. By acquiring a 33,33 % stake in the existing JV, Reliance Industrie...

Orange installs over 200 solar panels on data center in Timișoara, Romania

Orange

Orange has installed over 200 solar panels at its Timișoara, Romania data center, it has announced. This is in addition to deployments at its data center in Constanța and Braşov, taking the total to 650 solar panels that are installed and operational. The deployment will reportedly bring 100k...

Europe's Climate Neutral Data Centre Pact (CNDCP) publishes its first Certifications of Adherence

Europe's Climate Neutral Data Centre Pact (CNDCP) has published its first list of certifications since being set up in 2021. Over 80 service providers have now promised to be climate neutral by 2030. Further, it shared that 95% of the first cohort of signatories, which represent nearly 75% of ...

CoreWeave intends to construct a $1.6bn AI cloud-based facility in Plano, Texas

CoreWeave Plano

CoreWeave, a cloud company specializing in GPUs, intends to invest $1.6 billion in a data center in Plano, Texas. To qualify for a tax credit approved this week by the Plano City Council, the company will need to invest at least $800 million each year for the following two years. In 2025 and 2...