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Data Centre Developer Sues New Jersey Town for $300m
August 01, 2026
Posted by: Abdul-Rahman Oladimeji
New Jersey
Cathedra Bitcoin, a Vancouver-based developer and operator of crypto mining and data center infrastructure, has announced the sale of a 60MW Bitcoin mining facility in North Dakota to an unnamed third-party Bitcoin miner for a fee of $21 million. The company intends to use the funds to “develo...
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Optical interconnect company Celestial AI has closed a $250 million Series C1 funding round which was led by Fidelity Management & Research Company and saw participation from existing investors AMD Ventures and Koch Disruptive Technologies, and new investors BlackRock, Maverick Silicon, an...
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The University of Virginia is looking to get a new data center which would be used for research purpose. If approved, the data center would have an initial 4MW of IT capacity and see $72 million of investment. This could be expanded to 16MW in the future.According to the university's vice pres...
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APAC-focused data center firm Princeton Digital Group (PDG) this week converted a $105 million loan into green financing for its 22MW JC2 data center campus in Jakarta, Indonesia. The conversion was arranged in collaboration with Green Loan Coordinators, PT Bank DBS Indonesia, and PT Bank UOB ...
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Telco Spark New Zealand has expanded its partnership with Hewlett Packard Enterprise (HPE). This new partnership will include the use of HPE's GreenLake cloud-to-Edge offering and Spark will be moving to a "variable model" for IT infrastructure by using the HPE GreenLake Cloud, a solution that...
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Israeli quantum computing firm QuamCore has secured $9 million in seed funding in a round led by Viola Ventures and Earth & Beyond Ventures. The company emerged from stealth this week and with a patented architecture it claims will enable the integration of one million qubits into a single...
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Beleaguered chipmaker Intel has appointed former director Lip-Bu Tan as its new CEO. Tan will take up his new role on March 18, and also rejoin the Intel board of directors.Intel named CFO David Zinsner and Intel Products CEO Michelle Johnston Holthaus as interim co-CEOs following Gelsinger’s ...
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Modular data center firm Ecoblox and chip designer Tenstorrent have signed an agreement to help expand their AI and high performance computing (HPC) offerings in the Middle East and Africa. Both companies will work together to bring AI and HPC compute capacity to the Middle East/Africa region,...
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Eaton this week announced it has signed an agreement to acquire Fibrebond Corporation, a designer and builder of pre-integrated modular power enclosures for data center, industrial, utility, and communications customers.“Fibrebond is known for its engineering capabilities and customer focus in...
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Digital Realty this week announced it would host a quantum system for SURF at the AMS17 facility in Amsterdam’s Science Park. The quantum computer will be deployed by SURF directly next to its existing national supercomputer, Snellius."We’re excited to partner with SURF to bring this pioneerin...
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OpenAI has agreed an $11.9 billion deal to buy services from CoreWeave, which will see it take an equity stake in the AI cloud provider. This deal comes just before CoreWeave’s stock market debut, which is expected to happen in the next few weeks via an IPO. It will see OpenAI receive CoreWeav...
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Virgin Media O2 has announced plans to invest £700 million ($904m) into its mobile network this year in an effort to improve its reliability, speed, and coverage across the UK. The investment will be used to plug gaps in the telco's coverage in the country as the carrier reports that traffic o...
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JLL has announced it has secured a landmark facilities management contract with Pure Data Centres for a data center in Abu Dhabi, UAE. The company said its offerings will comprise ongoing maintenance and support for Yas Island’s low-voltage and high-voltage electrical systems, including its UP...
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Managed hosting company Hyve has launched a new data center deployment in Frankfurt, Germany and has taken space in an Equinix data center. From there, Hyve will offer services including colocation, managed private cloud, managed enterprise cloud, hybrid and multi-cloud solutions, dedicated an...
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European data center firm Data4 this week announced it has signed a memorandum of understanding (MoU) to explore the use of Westinghouse Electric Company’s AP300 SMR to power future data centers in Europe. Data4 will use the AP300 SMR as its technology of choice to evaluate deployment at one o...
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Swiss private equity firm Partners Group is to acquire Australian data center firm GreenSquareDC and will invest up to AU$1.2 billion (US$759m) in GreenSquare to establish the company as a “next generation data center platform.”Nicholas Kuys, managing director, Infrastructure Asia, Partners Gr...
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xAI has bought a 1 million sq ft (92,905 sqm) site for a new data center in Memphis, as Elon Musk’s startup looks to expand its Colossus supercomputer. The company has purchased three parcels of land at 5400 Tulane Road, Whitehaven, through an affiliate company CTC Properties. It acquired an e...
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Baxtel provided the data for the Crain Chicago Business Journal article that reports how the city is positioning itself for the data center boom. The city's efforts to attract more data centers will lead to economic growth, job creation, and property tax revenues. Read the article on Crain's C...
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AI cloud provider Ori's UK announced that it would deploy Nvidia H200 GPUs in the UK late last year, but did not disclose which data center provider it would use.. However, the company has finally revealed that the GPU deployment is in Kao Data's facility in Harlow. “We are delighted to part...
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Orange has announced plans to leverage its data center assets as it looks to capitalize on the growth around data center demand. Michaël Trabbia, CEO of Orange Wholesale, noted last week at Mobile World Congress, the importance of Orange owning its own telecoms infrastructure, during a time wh...
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