Data Center News

OpenLight Secures $34m in Funding

United States

OpenLight, a designer of custom application-specific photonic chips, has secured $34 million in a funding round that was co-led by Xora Innovation and Capricorn Investment Group. Other participants include Mayfield; HPE’s Juniper Networks; Lam Capital, the corporate venture arm of Lam Research...

Meeza Secures $219m Funding for 44MW expansion

Qatar

Meeza, a data center and IT firm in Qatar announced this week that it has secured a QAR 800 million ($219.3m) Commodity Murabaha bank facility from Dukhan Bank to fund its build-out. The financing will fund expansion plans to add 44MW of data center capacity. The first phase will deliver 24MW,...

Essential Utilities Invests $24m into Planned 944MW Facility

Pennsylvania

Essential Utilities, a US-based utility company focusing on natural gas and wastewater treatment, has invested $26 million into a data center project in development in Greene County, Pennsylvania.The utility signed an agreement with independent power producer International Electric Power III (...

US Government Acquires 10% Stake in Intel

United States

The US government has taken a 9.9 percent stake in beleaguered chipmaker and designer Intel, investing $8.9 billion in Intel, with $5.7bn coming from funds that would have been awarded through the CHIPS Act and $3.2bn from funds from the Secure Enclave program. Intel has already received $2.2b...

Atmosphere DC Secures Investment from AGC Equity Partners

United States

Atmosphere Data Centers, a new US-based operator this week announced it has secured a “significant strategic growth investment” from AGC Equity Partners, a global institutional investment firm. “This investment represents a major milestone for Atmosphere,” said Chuck McBride, CEO of Atmosphere...

Avaio Targets $6bn Mississippi Data Center Campus

AVAIO Digital Partners

Data center developer Avaio Digital Partners this week announced plans for a new $6 billion data center campus in Mississippi's Rankin County. The campus, known as Avaio Digital Taurus, will total 600,000 sq ft (55,742 sqm) of data center space and 116MW of capacity. The company said the proje...

Galaxy Digital Closes $1.4bn Debt Facility

Texas

Galaxy Digital Holdings Ltd. has closed a $1.4 billion project financing facility for the development of its Helios data center campus in Texas which was previously used by Galaxy for cryptomining, before being converted to host AI cloud provider CoreWeave."This financing marks a major milesto...

Opposition Calls to Relocate $1.2bn University of Michigan Data Centers

Michigan

Two data centers planned by the University of Michigan (U-M) have been asked to relocate following a meeting by local officials. The data centers are part of a $1.2bn project, and are currently planned for 124 acres purchased by U-M off Textile Road in Ypsilanti Township in June 2024.The data ...

AirTrunk Secures $1.75bn Financing for Data Center Development

APAC data center firm AirTrunk this week announced a new S$2.25 billion (US$1.75bn) green loan in Singapore to support the development of a new hyperscale data center, AirTrunk SGP2. AirTrunk said the transaction was Singapore’s largest-ever loan and green loan for a data center.Crédit Agricol...

NextDC Expands Debt Facility by AU$1.3 billion

NEXTDC

Australian data center firm NextDC this week announced that, following the successful completion of general syndication, it has secured new senior debt facilities totaling AU$3.5 billion (US$2.28bn).NextDC CEO and MD, Craig Scroggie, said: "In light of recent record contract wins that are acce...

Digital Alpha Invests $300m in GPUaaS Massed Compute

United States

GPU-as-a-Service (GPUaaS) provider Massed Compute has received $300 million in investment from Digital Alpha which will be used to expand Massed Compute's AI cloud infrastructure footprint, including the purchase of Nvidia GPUs.“Massed Compute is purpose-built to meet the demands of modern AI-...

Rogers Sells Data Center Business to InfraRed Capital

Canada

Canadian telecoms firm Rogers this week announced it has entered into a definitive agreement to acquire Rogers Communications’ data center business, on behalf of InfraRed’s value-add strategy. Rogers said it will continue to sell data center services on behalf of InfraRed and will provide netw...

Zero Two Invests in APAC Data Center Firm Evolution

Abu Dhabi

Zero Two has invested in Evolution, taking a co-controlling position alongside Warburg Pincus. Terms of the deal were not shared, though reports from Mingtiandi puts the figure at $325 million.Darren Webb, CEO and co-founder of Evolution Data Centres, said: “We are absolutely delighted to welc...

Goodman Secures Financing from Aareal Bank

United States

Germany’s Aareal Bank is moving into providing financing to data center customers and has entered into its first financing transaction in the data center asset class in July 2025 with Goodman Group."Frankfurt is Europe's largest Internet node, with a data transfer rate of more than 18 terabits...

DC Blox Secures $1.15bn Green Loan for Atlanta Data Center

DC BLOX

US data center firm DC Blox this week announced it has closed $1.15 billion in green loan financing for the construction of a data center campus in Douglas County, Georgia. The funds will support the development of a 120MW data center and include campus expansion to support an additional 80MW,...

Microsoft Signs $236.4m Deal with Maybank

Microsoft Azure

Malaysian financial group Maybank has selected Microsoft Azure as one of its main cloud platforms in a five-year agreement. Valued at RM1 billion ($236.4m), the contract will see Maybank using Microsoft Azure for some of its "most strategic systems, functions, and data workloads."Dato’ Sri Kha...

Spark Sells Majority Stake in Data Center Business

New Zealand

Kiwi telco Spark New Zealand this week announced it has entered into an agreement to sell a 75 percent interest in its data center business to Pacific Equity Partners (PEP). The transaction values the business at up to NZ$705 million (US$417.6m), with Spark receiving NZ$486m (US$288m) upon com...

AWS to Provide up to $1bn in Cloud Discounts

Amazon AWS

The US General Services Administration (GSA) has signed another discount deal with a cloud provider, Amazon which will see Amazon Web Services (AWS) providing the GSA with up to $1 billion in savings for cloud adoption, modernization, and training across US federal agencies through to the end ...

Core Scientific's Largest Shareholder Opposes CoreWeave Acquisition

Core Scientific

Core Scientific's largest shareholder, Two Seas Capital LP, has announced its opposition to the $9bn acquisition proposed by CoreWeave. The alternative investment manager shared its dissatisfaction with the terms proposed on July 7, which would see AI cloud firm CoreWeave acquiring developer C...

Apollo to Acquire Stream Data Centers

Stream Data Centers

US data center firm Stream will be acquired by Apollo Global Management following announcement that Apollo-managed funds have agreed to acquire a majority interest in Stream Data Centers (SDC) from Stream Realty Partners, a commercial real estate firm.Apollo said it is set to potentially deplo...