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Data Centre Developer Sues New Jersey Town for $300m
August 01, 2026
Posted by: Abdul-Rahman Oladimeji
New Jersey
Virginia
TECfusions has secured over $300 million to be used for the development and expansion of its Virginia site. In response to “urgent capacity needs” from a key tenant, gradual funding began in January 2024 and has now been solidified in a formal loan agreement, which includes the cumulative moni...
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Colovore is to expand its footprint of liquid-cooled colocation data centers beyond Silicon Valley and into Reno and Chicago. The company this week announced its second facility in Santa Clara, California, will open next month, and confirmed the locations of its next two sites.“We are staying ...
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Oracle
Oracle has expanded its Database@Azure footprint to include Brazil South and Italy North regions. Oracle and Microsoft aim to add a further 24 regions by the end of 2025, as well as 11 disaster recovery-only Azure regions.“Oracle Databases running on Exadata have been powering mission-critical...
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United Kingdom
UK-based bank and building society Nationwide has migrated its on-premises IT Estate to HPE GreenLake cloud. GreenLake is HPE's Edge-to-cloud solution, and sees HPE servers and storage deployed on-premises with cloud-like capabilities.“In today’s world our customers expect us to deliver an alw...
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Colt Data Centre Services
Colt Data Centre Services and family-owned alternative asset owner RMZ this week announced a 50:50 joint venture to invest $1.7 billion in the Indian data center market. The companies this week said the investment will initially focus on expediting development at Colt’s existing sites in Navi ...
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Yondr Group
Yondr Group has launched its first data center in Northern Virginia. Having broken ground on the facility in 2022, the first phase is now operational at what will eventually be a two-building campus with 96MW of IT capacity. Chad Stanley, senior construction director for the Americas said: “No...
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United States
The US Department of Defense (DoD) has outlined its strategy for the deployment of private 5G networks at military installations.In a document released this month, the DoD revealed that its strategy would seek to bring private open RAN 5G networks to US military bases.The DoD said that it sign...
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California
Oxide Computer Company and the Lawrence Livermore National Laboratory (LLNL) are teaming up to bring on-premises cloud capabilities to the LLNL supercomputing center. The startup will be deploy its rack-scale Oxide Cloud Computer at LLNL's high performance computing (HPC) center in Livermore, ...
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Bouygues Telecom has announced the completion of its acquisition of MVNO La Poste Telecom from La Poste Group and rival French telco SFR Group. La Poste Group revealed in a statement that the transaction amounts to a value of €950 million ($1bn), with the figure split between La Poste Group an...
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Asia-Pacific (APAC)
The Asia Development and Investment Bank (ADIB) has announced a strategic equity investment in DeepGreenX, a green energy and technology firm. ADIB will provide the firm with $140 billion of engineering, procurement, construction, and data management projects and exclusive placement and manage...
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Google DeepMind has published a research paper hitting back at criticism of its AI chip design system AlphaChip. That paper claimed that AlphaChip was able to save thousands of hours of human effort for each new generation of Google TPU AI accelerator, and was already being used by the company...
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China
China's Alibaba Group saw its cloud computing business revenue grow by seven percent during Q3 2024. According to Alibaba CFO Toby Xu, AI-related product revenue has achieved triple-digit year-over-year (YoY) growth for the fifth consecutive quarter, which "triggers" more demand for the compan...
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GPU cloud provider CoreWeave has closed a minority investment of $650 million. The latest investment round was led by investors Jane Street, Magnetar, Fidelity Management & Research Company, and entities administered by Macquarie Capital."The support from some of the leading financial inst...
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Air conditioning and heating firm Lennox has launched a standalone data center business which will enable the company to expand its offerings to include sustainable and innovative cooling solutions and services for the data center market across Europe, the Middle East, and Africa.The data cent...
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Fiber firm Cogent Communications has converted another nine Sprint switch sites to colocation data centers, and is exploring selling a large portion of its newly refurbished data center capacity on a wholesale basis.T-Mobile sold its Wireline business to Cogent Communications for just $1 in Se...
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Finland
Aerospace giant Airbus is aiming to move all of its data-sharing capabilities to a Gaia-X data space. The company announced its plans at the Gaia-X Summit 2024 in Helsinki, Finland, explaining that it hopes to increase transparency with its massive network of suppliers.According to Catherine J...
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Telecom Egypt and Vodafone Egypt have signed multiple infrastructure service agreements, worth up to E£30 billion ($609 million). As part of the agreement reached, Telecom Egypt will also extend its transmission services agreement with Vodafone until 2031.“The agreements between Telecom Egypt ...
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United States
Atlantic Quantum has received a contract from the US Air Force to develop a quantum computer based on fluxonium qubits. The company has been given a $1.8 million Phase II STTR grant from AFWERX, the innovation arm of the US Department of the Air Force (DAF). The quantum startup will use the fu...
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Italy
Italy’s National Agency for New Technologies, Energy and Sustainable Economic Development (ENEA) has chosen Lenovo for its new HPC cluster, dubbed CRESCO8. It consists of 758 nodes with 2 Intel Xeon Platinum 8592+ CPUs, meaning the cluster will bring the compute power of CRESCO (Computational ...
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United Kingdom
Innovate UK, part of UK Research and Innovation (UKRI), has announced a £9.5 million ($12.2m) fund to support quantum computing and quantum network projects. Eligible UK businesses will be able to apply for a share of the funding, with projects expected to align with the UK government’s five ‘...
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