Data Center News

Digicel founder relinquishes majority stake in debt restructuring

Digicel, a pan-Caribbean telecommunications company, has settled with its bondholders to cancel nearly $1.7 billion in debt as a trade for a majority stake in the company. A restructuring agreement has been reached in which bondholders will convert their investment into an initial 62 percent s...

AirTrunk officially starts the TOK1 facility expansion in Tokyo, Japan

AirTrunk Tokyo TOK1

AirTrunk has begun work on an expansion of its Tokyo, Japan, TOK1 campus. Senior AirTrunker personnel and construction partners attended a traditional "jichinsai" Shinto launching ceremony to spiritually sanctify the land in preparation for safe and efficient construction. No timelines for com...

The colocation and hosting business of Ntirety acquired by Data Canopy

DataCanopy

The just-bought colocation company Data Canopy took over the colocation data center hosting division of IT security provider Ntirety. The deal's terms were not disclosed. Data Canopy, founded in 2007, provides colocation, connectivity, and cloud services from numerous data centers worldwide. I...

Edge data center launched by SBA Communications at Arlington tower site

SBA Edge

SBA Communications, a tower company, has launched a new Edge data center in the Dallas-Fort Worth region of Texas. The precise location and configuration of the data center were not disclosed. SBA CEO Jeff Stoops has previously stated that the majority of the company's Edge rollout will consi...

Groton votes unanimously to approve region's first data center regulations, blocking large scale data center projects

Connecticut

At a planning meeting this week in Groton, Groton's Planning and Zoning Commission unanimously approved regulations to limit the size of data centers after a year-long moratorium. Under the ruling, while local enterprises will be permitted to build their own on-premises facilities, hyperscale ...

Telia maintains Finnish data center with Caverion.

Caverion remains Telia's associate in Finland for data center maintenance. Telia Finland and Caverion continue their data center maintenance cooperation. Caverion is tasked with maintaining the Telia Helsinki Data Center and other large and medium-sized data facilities in Finland for the exten...

Circularity controversy: Bitcoin operations heats bathhouse in Brooklyn

New York

In New York City, Brooklyn, a bathhouse and spa named Bathhouse has shared that it is now heating its pools with mining, with the water from the pool, then going on to cool the hardware. The bathhouse and spa also Bitcoin payments. The company shared the news in an Instagram post: "Enjoy a hot...

Ascenty announces launch date for its first Colombian data center

Ascenty

Ascenty has announced that it will launch its first Columbia data center in the fourth quarter of 2024, adding to its 34 data centers across Brazil, Mexico, Chile and Columbia that are either operational, in development or under construction. The company is reportedly designing two twin data ...

Ampere to facilitate the development of more climate-friendly data centers?

Oracle

Ampere, a chip startup, has launched new family of data center chips, which are pegged to make data centers more energy efficient and climate-friendly. Headquartered in the Bay Area, the company's solution is based on designs from Arm Holdings, the same technology used in mobile phones. This ...

Asia-Pacific Data Center Market to beDriven by Rapid AI Development

Asia-Pacific (APAC)

The widespread use of cloud computing and artificial intelligence (AI) is fueling exponential growth for the data center industry, according to JLL's new Global Data Centre Outlook. Hyperscalers and edge data centers, which account for 79% of total demand, are the fastest-developing segments o...

Asia-Pacific Data Center Market to beDriven by Rapid AI Development

Asia-Pacific (APAC)

The widespread use of cloud computing and artificial intelligence (AI) is fueling exponential growth for the data center industry, according to JLL's new Global Data Centre Outlook. Hyperscalers and edge data centers, which account for 79% of total demand, are the fastest-developing segments o...

Digital Realty buys 9 acres in Amsterdam for a 20MW data center

Digital Realty Trust

Digital Realty has bought additional land for data centers in Amsterdam, Netherlands. This week, the company disclosed the acquisition of a 387,500-square-foot (8.9-acre) land parcel on its Amsterdam Schiphol campus. According to reports, the acquired land parcel can sustain a 40MW data cente...

Microsoft acquires 200 acres in New Albany for development of a data center

Microsoft Azure

Microsoft has purchased a property in New Albany, Ohio, to probably construct a data center. Microsoft has reportedly acquired nearly 200 acres near Beech Road for a data center, as reported by the Newark Advocate. The Licking County Auditor's Office verified Microsoft paid $56.9 million to MB...

Shonfeld negotiating data center stake sale at $3.6b co value

According to "Globes," Yossi Shonfeld's company Shonfeld Engineering has enlisted Jefferies Group investment bank to manage discussions for selling 20–30% of data center firm Shonfeld Data Services (SDS) at a $3.6 billion company valuation. Shonfeld follows in the wake of the Azrieli Group and...

CBRE predicts that investment in data centers will increase in 2023

According to CBRE's 2023 Investment Sentiment Survey, we can anticipate that 89% of investors in the data center sector will increase their investment levels this year, following a relatively slow 2022. 85% of those who answered the survey have set aside more than $100 million, and 32% have ov...

Market for Data Center Accelerators to Reach $168 Billion by 2032

The Data Center Accelerator Market is anticipated to reach $168 Billion by 2032, up from $18.2 Billion in 2022, at a CAGR of 25.6% between 2022 and 2032. In recent years, the market for data center accelerators has expanded rapidly due to the increasing demand for high-performance computation ...

Servpac's expansion of MTP Data Center

Servpac

Servpac Inc., a local telecommunications corporation, has begun expanding its data center in Mililani Technology Park. The company announced on June 27 that the expansion would double the MTP Data Center's colocation capacity. According to the announcement, InForm Design is the project archite...

NTT unveils a new data center in Chennai

NTT

NTT launched a $350 million hyperscale data center (DC) campus in Chennai. MIST, its undersea cable system, will connect to the new DC site. The firm and TN inked a facilitation MoU in 2021.Chennai 2, a six-acre DC campus in Ambattur, will have two towers with a 35 MW IT load. The first facili...

The site plan for Metro Edge Development Partners' Chicago data center approved

Chicago

The Chicago, Illinois data center of commercial real estate finance firm Metro Edge Development Partners has been granted site approval. The corporation received site plan approval for its IMD1 data center from the Chicago Department of Planning and Development this month.IMD1 will be a five-s...

TierPoint aims to raise $925 million through securitized loans

TierPoint

TierPoint seeks to raise $925 million by selling A-rated data center revenue notes from Kroll Bond Rating Agency. The exchange is TierPoint's first and is backed by 31 colocation data centers with approximately $397.2 million in annualized monthly frequent revenue and $198.3 million in yearly...