Data Center News

vCompute to Raise $350m for Operations Expansion

United States

Virtual Compute Corporation (vCompute) has said it is looking to raise $350 million in growth capital to expand its data center operations. The planned expansion will increase hosting capacity and support demand for advanced AI and HPC infrastructure solutions."We're seeing exponential demand ...

Microsoft and CISPE Agree to New Commercial Terms

Microsoft Azure

Microsoft and Cloud Infrastructure Service Providers in Europe (CISPE) have made a commercial agreement that the two say will help "reform licensing terms" for Microsoft software on CISPE member cloud infrastructure. This comes after it was decided that the previously required solution being d...

Princeton Digital Group Receives $1.3bn from Stonepeak

Princeton Digital Group

Asia Pacific-focused data center operator Princeton Digital Group has raised $1.3 billion from Stonepeak following its $1.2 billion debt financing deal back in May.“This milestone investment from Stonepeak is a strong endorsement of PDG’s strategy, execution, and sustained value creation,” sai...

TierPoint Secures $250 Million Financing

United States

US colo company TierPoint this week said its parent­ company had closed a $250 million term loan, a portion of which is a delayed draw term loan which complements TierPoint’s asset-backed securitization (ABS) and variable funding notes (VFN) program.“Our ability to continue successfully access...

W Denis Group Launches Division Focused on Insuring Data Centers

United States

Insurance broker W Denis Group this week launched a new specialist division focused exclusively on insuring data centers and their integrated power generation infrastructure. The broker said the new unit will deliver “comprehensive, competitively priced solutions backed by multi-billion capaci...

Google Wins $200m Contract with US DoD

Google

Google has won a contract valued up to $200 million with the US Department of Defense's (DoD) Chief Digital and Intelligence Office (CDAO) to provide infrastructure for AI. Under the contract with Google Public Sector, the DoD can access Google's cloud infrastructure, including its tensor proc...

Data center Firms Plan $90bn Investment in Pennsylvania

Pennsylvania

Data center and energy firms have pledged to invest $90 billion in the US state of Pennsylvania to help build out its digital infrastructure following a summit attended by President Donald Trump. The first Pennsylvania Energy and Innovation Summit was held on Tuesday, with Trump and state sena...

Oracle to Invest $3bn in Cloud and AI Infrastructure

Oracle

Oracle plans to invest a combined $3 billion in AI and cloud infrastructure in Germany and the Netherlands over the next five years. $2bn has been earmarked for Germany, while $1bn will go to the Netherlands.Germany's Federal Minister for Digital Affairs, Karsten Wildberger, said: "Oracle's st...

CoreWeave Plans $6bn Facility in Lancaster, Pennsylvania

Pennsylvania

AI cloud firm CoreWeave has revealed plans to invest up to $6 billion in developing a data center in Lancaster, Pennsylvania which will have an initial 100MW of IT capacity, though it will have the potential to scale up to 300MW, and will be "purpose-built" for AI use cases. Around 600 skilled...

Aon Launches $1.5 Billion Data Center Insurance Product

United States

Insurance firm Aon this week announced the launch of its Data Center Lifecycle Insurance Program (DCLP), a proprietary multi-line insurance facility designed to help clients manage risk across every stage of data center development and operations.“Today’s data centers are the backbone of the g...

AST SpaceMobile Secures $100m Funding for Manufacturing

AST SpaceMobile has secured a $100 million equipment financing facility to support the satellite operator's manufacturing and network deployment goals during 2025 and 2026. The satellite provider revealed that the non-dilutive financing facility has been led by alternative asset manager Trinit...

Legrand Acquires More Companies in Data Center Push

Legrand this week announced the acquisition of Amperio Project and Quitérios to further its data center capabilities. Amperio Project is a Swiss specialist in busbars. Based in Murten, the company employs around 20 people and has annual sales of more than €4 million ($4.7m). Quitérios is a Por...

SiPearl Closes €130m Series A Financing Round

French chip designer SiPearl has closed a €130 million ($152m) Series A financing round, having raised €32m ($38m) in a third and final tranche which saw participation from existing investors, European Innovation Council (EIC) Fund and the French State, via French Tech Souveraineté, and new in...

EIF Invests €30m in Quantum-focused Venture Fund

Europe

The European Investment Fund (EIF) has invested €30 million ($35m) in Quantonation II, a French early-stage venture capital fund targeting quantum and ‘deep physics’ startups. This forms part of the wider InvestEU strategy that aims to close the equity gap faced by early-stage “innovative comp...

DigitalBridge and La Caisse Acquire Yondr

DigitalBridge

Investment manager DigitalBridge and Canadian pension fund La Caisse have completed their acquisition of Yondr, and appointed a new CEO for the hyperscale data center company. They now have joint control of Yondr, having purchased the firm from previous owner Cathexis Holdings for an undisclos...

University of Texas to Get $3m Data Center

Texas

The University of Texas is looking to deploy a new data center to be housed in the education building at 500 W University Avenue in El Paso, Texas. The data center will span 4,568 sq ft (424.4 sqm) and is estimated to cost around $3 million.According to the posting, the project will be private...

Slam Corp Sues Lynk Global for Attempt to cancel merger

United States

Slam Corp, a special purpose acquisition company (SPAC) founded by former baseball star Alex “A-Rod” Rodriguez, is suing satellite mobile provider Lynk Global in a Florida court to prevent it from backing out of a proposed merger.Virginia-based Lynk moved to terminate its business combination ...

HPE Closes $14bn Acquisition of Juniper Networks

United States

Hewlett Packard Enterprise (HPE) has completed its long-awaited $14 billion acquisition of Juniper Networks. The Department of Justice (DOJ) approved the deal following HPE's agreement to a number of potentially significant conditions.“Today begins a new era for HPE – we are now at the epicent...

Microsoft to Buy 1.1m Tons of Carbon Removal Credits in Norway

Microsoft Azure

Microsoft has agreed to purchase 1.1 million tons of carbon removal credits from Hafslund Celsio, an energy from waste (EfW) and carbon capture and storage (CCS) firm which is set to be delivered over a ten-year period, will be generated by a CCS project under development at the site of Norway...

Lockton Launches New Data Center Insurance Product

United States

Insurance brokerage Lockton has partnered with Parametrix, a provider of digital business interruption risk solutions, to bring a Service Level Agreement (SLA) insurance offering to the data center market. The companies said the parametric coverage offers immediate payouts triggered by predefi...