Quantum Loophole will no longer have any "active involvement" in the Quantum Frederick Project, a 2,100-acre data center campus and fiber optic loop (QLoop) in Frederick County, Maryland. This September, TPG sought a court order to remove Quantum Loophole from its role as manager of the $5 billion project as relations between the two companies soured.
“The matter has been amicably resolved to the satisfaction of both parties, and the parties have and will have no further comment on this matter," Quantum Loophole CEO Josh Snowhorn told DCD, declining to clarify if the company received any payment for stepping back from the campus.
TPG saidin a statement: "This resolution allows TPG and Catellus - which has been on the ground in Maryland for the past six months - to further engage stakeholders, hear and address their concerns, and move the Project forward in a way that best serves the Frederick community.
"TPG and Catellus remain confident in the Project and look forward to working together to deliver best-in-class, environmentally sound data center capabilities to Maryland. TPG and Catellus remain optimistic that the Project will drive billions of dollars of economic growth and create tens of thousands of jobs for Frederick County."
