February 27, 2024 Singapore
Empyrion DC, a Singapore-based data center operator, has secured a green loan worth S$133 million (US$98 million) to refinance its SG1 Dodid data center in Singapore, with proceeds used to “support existing operations” at the 12.5MW facility. This financing was provided by the UOB bank. Mark...
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February 27, 2024 Canada
Modine this week announced it had entered into a definitive agreement to acquire the Calgary, Alberta-based manufacturer of air handling units (AHU), Scott Springfield Manufacturing. Modine mentioned that it will gain ‘immediate access to a highly complementary product portfolio and a blue-chip...
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February 26, 2024 Europe
Demand for colocation space in Europe’s data centers is outpacing supply despite an abundance of new facilities being built for customers accross the continent according to a new report. Kevin Restivo, head of European data center research at CBRE, said, “Hyperscalers have sought increasingly...
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February 26, 2024 United States
US cloud hosting firm Summit has acquired managed services provider Deft. Deft co-founders and principals Jordan Lowe, Daniel Brosk, and Eric Dynowski will join the Summit leadership team and retain a “significant ownership stake” in the business. Other terms of this deal have not been shared....
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February 26, 2024 Spain
An announcement made earlier this week at the Mobile World Congress event in Barcelona, Spain revealed that the members of the Global Telco AI Alliance (GTAA) are to establish a joint venture later this year specifically aimed at developing Large Language Models (LLMs). "We want our customers to...
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February 23, 2024 Europe
Security services firm Securitas Technologies has revealed plans to train up and certify 10,000 workers as data center security and safety professionals. The company has also introduced certification to improve the skills of its security officers at its data centers. "The Certified Data Center...
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February 23, 2024 Madrid
Spanish insurance firm Mapfre has sold its data center in Madrid. The company received advise on the sale-leaseback deal of its 10MW facility in Alcalá de Henares from CBRE’s Spanish unit. Paul Mortlock, senior director and head of European data center capital markets at CBRE, said, "CBRE's...
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February 23, 2024 Wales
Mavin, a UK-based IT services firm has announced it will install a Powercube data center at the Global Centre of Rail Excellence (GRCE) in Onllwyn, South Wales. “We are delighted to agree this partnership with Mavin and to utilize their cutting-edge Powercube design at the Global Centre of Rail...
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February 22, 2024 Israel
Silicon photonics company DustPhotonics has raised $24 million in a Series B follow-on funding round. This funding came from both new and existing investors, including Sienna Venture Capital, Greenfield Partners, Atreides Management, and Exor Ventures. The company revealed in a statement that the...
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February 21, 2024 United States
GlobalFoundries has been awarded $1.5 billion by the US government under the CHIPS and Science Act to subsidize the company’s future semiconductor production capabilities. The company will also be receiving another $600 million from the state of New York over the next decade under its Green Chips...
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February 21, 2024 Australia
Australian data center firm iseek has named Scott Hicks who was previously the CEO of YourDC as its new CEO. Prior to his history at YourDC, Hicks was managing director of local ISP Adam Internet from 1995 until its sale to iiNet/TPG in 2013. He is also the founder and owner of Astelec Group, a...
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February 21, 2024 California
Satellite ground station startup Northwood Space, a company led by a former Disney actor, has raised more than $6 million in seed funding. This company is led by Bridgit Mendler, an actress and singer who was once a regular on the Disney Channel. She launched this startup with her husband last...
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February 21, 2024 Malaysia
GDS this week announced a 21-year Virtual Power Purchase Agreement (VPPA) with Malaysian renewable energy firm, Cenergi SEA Berhad (Cenergi), under Malaysia’s Corporate Green Power Programme (CGPP). Under the agreement, GDS has subscribed to 22.5MWac of renewable power for its Nusajaya Tech Park...
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February 20, 2024 Australia
Australian investment firm HMC Capital announced this week that it has acquired 100 percent of North American digital infrastructure investor StratCap from private investors for $28.5 million. This deal will be completed once the full form legal agreements are met including obtaining regulatory...
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February 20, 2024 United States
Icetope has claimed that its precision liquid cooling technology has achieved chip-level cooling up to and beyond 1000W, reaching an important industry milestone for overcoming the challenges of rising thermal design power. In a new report published by the company, it claimed that at a flow rate...
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February 19, 2024 Europe
The European Union's antitrust regulator has granted telecoms firms Orange and MásMóvil permission to complete their proposed merger in Spain. This comes after MásMóvil agreed to divest spectrum across three frequency spectrum bands to Romania's Digi. EU antitrust chief Margrethe Vestager said in...
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February 19, 2024 Australia
Satellite firm Iridium announced in its quarterly earnings call this month, Iridium said it will be extending the life of its Thales Alenia Space-made NEXT satellite fleet by five years. Iridium CEO Matt Desch said in the earnings call, “Based on the manufacturer's assessment, we've been using a...
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February 19, 2024 Australia
Australia’s Pawsey Supercomputing Research Centre in Perth will deploying Nvidia’s CUDA Quantum computing platform at its National Supercomputing and Quantum Computing Innovation Hub. This platform is Nvidia's open-source hybrid quantum computing platform that uses quantum simulation tools and...
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February 19, 2024 India / Bhārata
Indian startup PlanckDot, a start-up specializing in Edge data centers, has secured $1.6 million in funding from high-net-worth angel investors for its Edge data center roll-out. According to the company’s website, it builds and deploys digital infrastructures and EV charging stations. Its...
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February 17, 2024 Europe
Real estate company Goodman Group has claimed that it has the power capacity available to develop a portfolio of data centers worth $80bn over the next five to seven years. The company noted that it has added 300MW to its "power bank" since November 2023, bringing its total availability to 4GW....
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