Data Center News

Switch invests $772m in another Georgia facility outside Atlanta

Switch is preparing to construct a new data center facility in Bartow County, Georgia. Switch is preparing to build the "Switch KEEP 2.0 Atlanta North Campus" in Cartersville, according to the Developments of Regional Impact filings (DRI, 1-2).The 126-acre site is located in Cartersville, sout...

September 01, 2023

Abdul-Rahman Oladimeji

Switch

Supernap's Thailand data center to be powered with solar

Supernap has announced the launch of its first solar project, which will power its Thailand data center. Supernap, the first Tier IV, carrier-neutral, hyperscale data center in Thailand, chose WHA Utilities and Power Plc. (WHAUP) to install the solar power system. During the opening ceremony,...

January 02, 2023

Switch

DigitalBridge & IFM Announces The Completion of Switch Inc acquisition

DigitalBridge and IFM Investors have announced the acquisition of Switch Inc. for $11 billion. The acquisition plan was first announced in May 2022. The deal sees Switch Inc. go private and delisted from the New York Stock Exchange. The Switch Inc. asset was highly coveted, and DigitalBridg...

December 09, 2022

Abdul-Rahman Oladimeji

Switch

Supernap Thailand Shareholders Mulling Over Sale

According to reports, Supernap Thailand investors are looking to sell their stake in the business. Some shareholders including Kasikornbank Pcl and Siam Commercial Bank are working with financial advisers to make the sale possible. Supernap Thailand is said to be worth up to $800m. Supern...

June 02, 2022

Abdul-Rahman Oladimeji

Switch

DigitalBridge and IFM Taking Switch Private For $11 billion

DigitalBridge Group and IFM Investors have entered an agreement with Switch to take it private. The deal to take the US data center company private is worth $11 billion. The CEO and Founder of Switch, Rob Roy, said the development is a crucial moment in the company’s vision for its evolution a...

May 12, 2022

Abdul-Rahman Oladimeji

Switch

Report Shows Switch is Considering Sale of Its Business

According to Bloomberg, Switch Inc. is mulling over different strategic options, including a potential sale. Reports show that the firm is working with advisers to determine the best option. The company is currently valued at over $7 billion. Cowen analysts wrote to clients earlier in the m...

March 22, 2022

Abdul-Rahman Oladimeji

Switch

Largest Data Center Funding Deals In Q2 of 2021

The data center industry is a multibillion-dollar industry. According to Gartner, end-user spending on data center infrastructure for 2020 was $188 billion, a 10.3% decrease from 2019’s spending. With these figures, we can reach a consensus that there’s a massive market available for data cent...

July 24, 2021

Abdul-Rahman Oladimeji

Equinix

Gerald R. Ford International Airport is building an operations center in Grand Rapids, Michigan

Gerald R. Ford International Airport is building a new operations and communications center, which includes, a data center in Grand Rapids, Michigan. The project will cost the Company $7.7 million. Gerald R. Ford International airport says the new facility will be on the east side of the airp...

June 30, 2021

Abdul-Rahman Oladimeji

Grand Rapids MI

Switch raises $500 million in senior notes to fund the Data Foundry acquisition

Switch will borrow $500 million to pay for its recent acquisition of Data Foundry for $420 million. Switch will be borrowing $500 million in senior notes. Senior notes are less risky, and the lender gets to pay lower interest. However, senior notes are a priority over other types of debt. Thi...

June 02, 2021

Eric Bell

Switch

Switch to acquire Data Foundry for $420m

Switch will acquire Data Foundry for $420m in an all-cash transaction. The acquisition is expected to close by mid-2021 if it meets all customary closing conditions. Data Foundry has three highly connected data centers in Austin with an expansion capability of up to 44 MW. It also has one data...

May 03, 2021

Eric Bell

Switch

Rackspace and Switch Partner to host Rackspace Private Cloud in Switch Facilities (PR)

Switch and Rackspace announced a new agreement to deliver Rackspace private cloud solutions and connectivity to managed public cloud solutions on AWS, Azure and Google in Switch’s highly secure and reliable Tier 5® Platinum data center PRIME locations. The agreement builds on Rackspace’s Fanat...

April 02, 2018

Eric Bell

Switch

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