Data Center News

Google to Invest $7bn in Iowa Expansion

Google

Google announced over the weekend that it is "investing an additional $7 billion in Iowa within the next two years in cloud and AI infrastructure, as well as in expanded workforce development programs, meaningfully increasing the pace of investments the company has made in the state since 2007...

Microsoft to Invest $400 Million to Expand Swiss Footprint

Microsoft Azure

Microsoft has revealed that it will be expanding its data center capacity in Switzerland with a $400 million investment which will "further strengthen Switzerland's cloud and artificial intelligence capabilities, including the provision of cutting-edge graphics processing units (GPUs)."Microso...

Global Infrastructure Partners to Invest over $1bn in Thailand

Thailand / Prathet Thai

Investment firm Global Infrastructure Partners (GIP) will invest more than $1bn in Thai data centers. The company recently announced a partnership with Thailand’s largest conglomerate, Charoen Pokphand (CP) Group, and its data center subsidiary True IDC.CEO of GIP, Bayo Ogunlesi, said: “The gr...

Heron Power Raises $38m to Fast-track Grid Hardware

United States

US power electronics developer Heron Power has closed a Series A funding round, successfully raising $38 million. Following the Series A round, Heron has now raised a total of $43 million. The funding will support the commercialization of its Heron Link product, which aims to replace legacy tr...

GridCARE Raises $13.5m for Grid Connection Timelines Reduction

United States

GridCARE, an AI startup focusing on expediting the route to market for data centers seeking a grid connection announced that it has closed an oversubscribed $13.5 million funding round. This round was led by Xora, with participation from Aina Climate AI Ventures, Sherpalo Ventures, Breakthroug...

Sophia Space Secures $3.5m for Orbital Data Centers

Seattle

Seattle-based Sophia Space, an orbital computing venture, has raised $3.5 million in pre-seed funding led by Unlock Ventures with the participation of angel investors, to develop Edge compute solutions for orbit and what they call space-based data centers.“We are at the dawn of a new era where...

Turkcell Secures €100m for Data Center Expansion

Turkish telco Turkcell this week announced that its subsidiary, TDC Veri Hizmetleri (TDC), has secured €100 million ($112.5m) in murabaha financing through a strategic agreement with Emirates NBD Bank.The five-year financing agreement will be used towards Turkcell Group’s data center investmen...

IHS Towers to sell Rwandan Operations to Paradigm Tower Ventures

Rwanda

Tower firm IHS Holding Limited has reached an agreement with Paradigm Tower Ventures for the acquisition of its 1,465 tower sites in Rwanda for an enterprise value of $274.5 million. IHS said it expects the sale of IHS Rwanda Limited to close in the second half of 2025, pending government and ...

Vertiv and Chemours Score DataVolt Deals

DataVita

Saudi Arabian data center company DataVolt has signed supplier contracts with Vertiv and Chemours. Vertiv's EMEA president, Karsten Winther, said that the company had signed a 'Technical Cooperation Agreement' with DataVolt "to advance next-generation data center innovation in Saudi Arabia and...

Applied Digital Proposes "Multi-Billion-Dollar" Facility

Applied Digital

Applied Digital is looking to develop a multi-billion-dollar data center in Deuel County, South Dakota which could see up to $16 billion in investment and create up to 200 high-paying jobs. In addition, Applied Digital has committed to improving local fiber infrastructure, and to minimize the ...

PDG Seals $1.2bn Financing for APAC Data Center Expansion

Princeton Digital Group

Princeton Digital Group (PDG) recently announced the successful raise of more than $1.2bn in financing to support its continued expansion and development across Asia.The financing comprises​ $800 million in project financing for the development and expansion of PDG’s data center campuses in Mu...

Partners Group to Acquire Digital Halo

Singapore

Global private markets firm Partners Group is set to acquire Singapore-based Digital Halo- a data center operator with facilities located across Southeast and North Asia. The company is currently owned by Arch Capital, which will remain a minority shareholder in the business.Following the term...

DataVolt Signs $20bn Deal with Supermicro

DataVita

Saudi Arabian data center company DataVolt has signed a $20 billion agreement with Super Micro Computer (Supermicro) to see Supermicro delivering GPU platforms and rack systems to DataVolt's "hyperscale AI campuses" in Saudi Arabia and the US.“We are thrilled to partner with Supermicro and bui...

PDG Seals $1.2bn Financing for APAC Data Center Expansion

Princeton Digital Group

Princeton Digital Group (PDG) recently announced the successful raise of more than $1.2bn in financing to support its continued expansion and development across Asia.The financing comprises​ $800 million in project financing for the development and expansion of PDG’s data center campuses in Mu...

BDx Raises Funding for Hong Kong Data Center

Asia Pacific data center operator BDx Data Centers has secured funding for a data center project in Hong Kong from Clifford Capital, UOB (United Overseas Bank), and SMBC (Sumitomo Mitsui Banking Corporation) will go to the development of its first hyperscale data center in the country.“This su...

Balder Invests in Scandinavian Data Centers

Swedish firm Scandinavian Data Centers (SDC) has secured new investment to fund the development of its underground data center from real estate group Fastighets AB Balder, a new long-term investor. The investment will enable the construction of SDC's first data center, located in Eskilstuna.SD...

Blue Owl Closes $7 billion Digital Infrastructure Fund

Alternative asset manager Blue Owl Capital Inc. announced today the final close of its latest digital infrastructure fund, Blue Owl Digital Infrastructure Fund III (ODI III), with $7 billion of total capital commitments. ODI III exceeded the original target of $4 billion and hit its hard cap. ...

Colovore Secures $925m Debt Facility from Blackstone

Liquid-cooled data center firm Colovore has secured almost $1 billion in new debt funding to fuel its ongoing roll-out across the US. The new financing will fast-track Colovore’s national expansion of its liquid-cooled data centers across the US. Initial expansions are planned for Reno, Nevada...

NTT to Launch and List REIT in Singapore

NTT aims to establish and list a new data center real estate investment trust on the Singapore Stock Exchange, to be seeded with six NTT-owned data centers.The company said it aims to transfer six NTT Limited-owned data centers to a proposed Singapore real estate investment trust NTT DC REIT. ...

Amazon to Invest $4bn in Chile Region

Amazon Web Services (AWS) has committed to investing more than $4 billion in developing a cloud region in Chile by the end of 2026. The investment will support the construction, connection, operation, and maintenance of data centers in the country. At launch, the region will have three availab...