Data Center News

AI Edge chip company Kneron raises additional $49m funds

Kneron, a startup developing chips for AI inferencing, has raised $49 million from investors to scale up its hardware-developing efforts. Investors, including Foxconn HH-CTBC Partnership (Foxconn Co-GP Fund) and Alltek, made this additional investment, bringing the total Series B financing to ...

September 30, 2023

San Diego

Amazon to Invest in 5 Facility Campus in Ohio

Amazon Web Services plans to invest $3.5 billion in New Albany by 2020 to expand its footprint around Columbus, Ohio. The New Albany City Council announced it had approved a resolution enabling AWS to proceed with its expansion investment plan. This is only part of Amazon's $7.5 billion invest...

September 29, 2023

AWS US East (Ohio)

British Land Sells DC Portfolio for £125 million

UK real estate firm British Land has exchanged contracts to sell a portfolio of data centers and offices in London for £125 million. This deal represented an initial net yield of 4.6 percent, delivering an internal return rate of 8.2 percent per annum since its acquisition in 2007.The company ...

September 29, 2023

United Kingdom

JK Land Holdings expands proposed Virginia’s Gainesville DC with land buy

Chuck Kuhn's real estate firm, JK Land Holdings, has expanded the proposed Gainesville data center via land acquisition in Virginia's Prince William County through its Wellington Road LLC affiliate. The company has also filed an application, which is currently under review, for up to 3.8 milli...

September 28, 2023

Virginia

CapitaLand Launches Massive Data Center in Hyderabad, India

CapitaLand Investment Limited (CLI) recently began working on its 40MW data center in Hyderabad, India. The company announced that it has started operations for the first phase of the newly redeveloped International Tech Park at the IT hub of Madhapur.CLI hosted a ceremony celebrating the camp...

September 28, 2023

India / Bhārata

Italian Organizations Consider San Romedio mine for DC Construction

Some Italian companies have discussed building a data center company in a Dolomite mine. The University of Trento, construction company Covi Costruziono, IT services company Dedagroup, sustainable healthcare provider GPI, and holding company Istituto Atesino di Sviluppo (ISA), are looking to d...

September 28, 2023

Italy

St. Louis Park school district receives conditional land use permit for DC center construction

The Minnesota St. Louis Park City Council has approved a conditional use permit (CUP) for constructing a data center at 6400 Walker Street. Information from the district’s website reveals that the new center will be built southeast of the football field and next to an existing maintenance buil...

September 27, 2023

Minnesota

Nokia Reveals Plans to Build Open Innovation lab in Dubai, UAE

Finnish vendor Nokia has revealed plans to launch an Open Innovation lab in Dubai, UAE, to drive its Cloud RAN in the Middle East and Africa region. In a release, the vendor explained that the initiative will increase the regional focus of its established collaborations with Dell Technologies ...

September 27, 2023

Dubai

Czech telecoms firm to build new DC campus outside Prague

Czech telecoms firm České Radiokomunikace (CRA) recently announced it's undergoing construction of a new data center campus on its site at the Cukrák transmitter, located in Jílovište to the south of Prague. The telecoms firm noted that the campus will offer a capacity of up to 78 racks at 3kW...

September 26, 2023

Czech Republic

Chirisa obtains a $200 million loan to outfit a CoreWeave data facility in Virginia

Chirisa Investments has secured financing for constructing a data center in Chester, Virginia. According to Commercial Observer, Chirisa received $200 million in construction funding to build CoreWeave's 242,000-square-foot turnkey data center. CO's sources revealed that an undisclosed Brookfi...

September 25, 2023

Virginia

Philippines-based Telco Dito Secures $3.9bn Loan for Network Expansion

Philippines-based telcommunity Dito secured a 15-year $3.9 billion loan to fund the rollout of its network expansion through its parent company, Dito CME Holdings, from a group of multinational banks. The company announced that about $1.5 billion will be diverted towards repaying another loan ...

September 25, 2023

Philippines

Prea obtains authorization for 100MW Berlin data center

The construction of a 100MW data center in Berlin, Germany, has received planning approval. This week, the German consulting and services firm Prea announced that it has received approval to construct a new data center in Berlin in collaboration with the Dutch developer Van Caem.Four four-stor...

September 20, 2023

Berlin

Chirisa obtains a $200 million loan to outfit a CoreWeave data facility in Virginia

Chirisa Investments has secured financing for constructing a data center in Chester, Virginia. Chirisa received $200 million in construction funding to build CoreWeave's 242,000-square-foot turnkey data center, according to Commercial Observer. According to CO sources, an undisclosed Brookfiel...

September 20, 2023

Virginia

DataVolt intends to construct a data facility in Dhaka, Bangladesh.

DataVolt, a new Saudi company, is planning a data center campus outside Dhaka, Bangladesh. Local media report that the company intends to invest $100 million to construct a data center on three acres of land in the Bangabandhu Hi-Tech City in the Kaliakair district of Gazpur. The announcement ...

September 19, 2023

Bangladesh

KKR is to pay $807 million for a stake in SingTel's regional data centre operation

On Monday, SingTel announced that KKR will buy a 20% share in its regional data center business for $806.87 million. SingTel and KKR said in a joint statement that the agreement values SingTel's regional data center business at $4.03 billion and will be utilized to develop in Southeast Asian c...

September 19, 2023

Asia-Pacific (APAC)

New HPC data center to be built at the University of Alabama

The University of Alabama (UA) will receive a new data center to house supercomputers. The UA System Board of Trustees has approved the first phase of construction for a new high-performance computing (HPC) data facility on the Tuscaloosa campus.The initiative is predicted to need $96 million ...

September 19, 2023

Alabama

Compass Datacenters Acquires Former Sears HQ for $194M to Build Data Center Campus

Compass Datacenters has acquired the former Sears headquarters, spanning 197 acres in the Chicago area, for $194 million. As Sears continues to downsize its operations, Compass plans to replace the existing 2.4 million square-foot campus with data centers, reflecting the growing demand for clo...

September 18, 2023

Compass Hoffman Estates

Nigeria's NIPSS requests that customs establish a data facility

The National Institute for Policy and Strategic Studies suggests the Nigeria Customs Service create a trade modeling data center. They have also advocated for establishing a pension institute for retired officials. NIPSS Director General Prof. Ayo Omotayo made this assertion during a courtesy ...

September 18, 2023

Nigeria

EdgeConneX secures $403.8m sustainability-linked financing for Indonesia data center

EdgeConneX has shared that it has secured $403.8 million in sustainability-linked financing (SLF). This loan is for its 120MW data center campus development in Jakarta, Indonesia.The deal leverages EdgeConneX's Sustainability Strategy and will reportedly use offshore US dollar borrowing. It re...

September 14, 2023

EdgeConneX

A data facility near Detroit in Michigan up for sale

A data center outside of Detroit, Michigan, is available for purchase. Lee & Associates, a real estate agency, has listed 21420 Melrose in Southfield, Oakland County, as available. The 1986-built, 15,956-square-foot property is available for $1.34m.“This building is extremely well maintain...

September 14, 2023

Detroit

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