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Data Centre Developer Sues New Jersey Town for $300m

Data centre developer Hexa Builders is seeking $300 million in damages from Monroe Township, New Jersey, after officials rejected its proposed 1 million sq ft data centre in May. The lawsuit, filed in New Jersey Superior Court, alleges the township council and planning board violated multiple constitutional rights, including zoning authority, fundamental fairness, and First and Fourteenth Amendment protections. Hexa argues the application was rejected because of the township’s opposition to d...

August 01, 2026

Posted by: Abdul-Rahman Oladimeji

New Jersey

May 07, 2025

AWS Revenue Reaches $29.3bn for Q1 2025

Amazon Web Services (AWS) brought in $29.3 billion in Q1 2025, up 17 percent year over year (YoY). Despite the number being higher than the previous quarter's $28.8 billion, this was the slowest growth seen by the company in the past year. Amazon CEO Andy Jassy and CFO Brian Olsavsky remain po...

May 06, 2025

Everest Infrastructure Partners Acquires 70 towers from Tower Ventures

Everest Infrastructure Partners has acquired 70 telecom towers from Tower Ventures. Memphis-based Tower Ventures states on its website that it owns more than 400 towers across the US. The company has previously sold 202 towers to Phoenix Tower International.Everest notes that the tower portfol...

May 03, 2025

Nuveen Invests in CleanArc Data Centers

US developer CleanArc Data Centers this week announced a strategic investment from Nuveen, the investment manager of the TIAA pension fund.“Nuveen is focused on expanding its investment in digital infrastructure, and CleanArc stood out for its strong leadership, commercial traction, and commit...

April 28, 2025

EcoDataCenter Sells Facilities in Sweden to CapMan Infra

Swedish data center operator EcoDataCenter this week announced the sale of three of its data centers to CapMan Infra’s data center platform as part of a pivot to focus on larger-scale developments.. The sale comprises two facilities in Stockholm and one in Piteå.EcoDataCenter said the transact...

April 26, 2025

Belltown Power Announces Six Data Centers in North Texas

US renewable energy developer Belltown Power Texas has announced six new data center developments across North Texas to have a combined capacity of 1.435GW and represent the company’s first in the US market. The data center sites are located close to major transmission hubs and the Dallas–Fort...

April 22, 2025

Keppel Closes Third Data Center Fund

Keppel this week announced its third data centre fund, KDCF III, has achieved its first close, raising approximately S$786 million (US$580m) in initial capital commitments from various global institutional investors.Christina Tan, CEO of fund management and chief investment officer, Keppel, sa...

April 17, 2025

Townsend Group Invests in CleanArc Data Centers

CleanArc Data Centers has secured new investment from a real estate investor, Townsend Group. Terms of the deal were not shared, but existing investor Snowhawk retains a majority share in the data center firm. CleanArc said the investment will support the company’s growth."We're excited to wel...

April 17, 2025

Colt Technology Services Sells European Data Centers

Colt Technology Services this week announced the divestment of six facilities in Germany and the Netherlands to DWS-owned NorthC, as well as two in the UK to DWS separately. The NorthC transaction includes data centers across Frankfurt, Berlin, Hamburg, Munich, Düsseldorf, and Amsterdam, with ...

April 16, 2025

Northampton Capital Partners Invests in Blueprint Data Centers

US data center firm Blueprint Data Centers has secured investment from an asset management company, Northampton Capital Partners. Scott McBride, founding partner at Northampton Capital Partners, said: “We are excited to work with the Blueprint team and look forward to what we believe will be a...

April 16, 2025

Intel Sells 51% Stake in Altera for $8.75bn

Intel has agreed to sell 51 percent of FPGA chip company Altera to private equity firm Silver Lake for $8.75 billion. Altera will retain a 49 percent stake in Altera, which Intel said will allow it to “participate in Altera’s future success while focusing on its core business.” Intel also anno...

April 14, 2025

Sparrow Quantum raises $24m in Funding Round

Sparrow Quantum has raised $24 million in a Series A funding round led by PensionDanmark with participation from the Export and Investment Fund of Denmark, Novo Holdings, and the European Innovation Council.The company has developed Sparrow Core, described as an “on-chip deterministic single-p...

April 12, 2025

Mark IV Capital Sells 300 Acres in Industrial Park outside Reno, Nevada

Real estate investment firm Mark IV Capital this week announced the sale of 300 acres within its Victory Logistics District to an unnamed technology company for a potential data center development. The buyer is described as a “global leader in enterprise software, cloud computing, artificial i...

April 07, 2025

PGIM Closes £2bn Global Data Center Fund

PGIM Real Estate has closed a $2 billion fund to back data center developments around the world. Morgan Laughlin, PGIM’s global head of data center investments, leads the fund. Laughlin described the fundraising as “an important milestone that reflects strong investor confidence in the sector ...

April 06, 2025

FiberLight Closes $500m Refinancing Facility

US fiber optic network firm FiberLight has closed a $500 million sustainability-linked refinancing facility which it plans to use to refinance existing debt and accelerate strategic initiatives, including organic network expansion and enhanced service delivery for both new and existing custome...

April 05, 2025

Hut 8 Acquires Majority Stake in Data Center Company Owned by Trump Sons

Crypto and AI data center firm Hut 8 said it has taken a majority 80 percent interest in American Data Centers, Inc., a company formed by a group of investors including Eric Trump and Donald Trump Jr., with American Data Centers, Inc. renamed and relaunched as American Bitcoin.“The launch of ...

April 04, 2025

Khazna Data Centers Confirms Fresh Funding

UAE-based Khazna Data Centers has taken investment from MGX and Silver Lake. Both firms are now holding undisclosed minority stakes in Khazna, alongside majority shareholder G42. The company described the news as “an exciting new chapter” in its development.As the two new investors come on boa...

April 03, 2025

GLP Closes Fund to Purchase Data Center in China

Property investor GLP has closed its first digital infrastructure-focused fund in China and plans to buy a data center with the proceeds. The fund has assets under management of 2.6 billion Yuan ($358m), having raised cash from a group of institutional investors based in China and abroad.GLP s...

April 01, 2025

Edgnex Buys Finnish Data Center Developer Hyperco

Finnish data center developer Hyperco and Dubai operator Edgnex have formed a “strategic partnership” which will see Damac-owned Edgnex acquire Hyperco. Hyperco CEO Aleksi Taipale wrote on Linkedin that he and the existing Hyperco management team would remain in place following the takeover."O...

April 01, 2025

Pulsant Purchases Two Data Centers in the UK

UK Edge data center firm Pulsant this week announced it had acquired data centers in Birmingham and Fareham from technology solutions and services provider SCC. The deal includes the facilities, facilities teams, and colocation clients.The Cole Valley facility, located at 20 Westwood Avenue i...

March 28, 2025

Switch Raises $3.for Refinance

US data center operator Switch has raised $3.5 billion, which it will use to refinance its existing debt. A statement from Switch said the company will use the cash to “refinance the majority of the company’s outstanding acquisition financing, which supported the take-private transaction led b...

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Data Center News

AWS Revenue Reaches $29.3bn for Q1 2025

Everest Infrastructure Partners Acquires 70 towers from Tower Ventures

Nuveen Invests in CleanArc Data Centers

EcoDataCenter Sells Facilities in Sweden to CapMan Infra

Belltown Power Announces Six Data Centers in North Texas

Keppel Closes Third Data Center Fund

Townsend Group Invests in CleanArc Data Centers

Colt Technology Services Sells European Data Centers

Northampton Capital Partners Invests in Blueprint Data Centers

Intel Sells 51% Stake in Altera for $8.75bn

Sparrow Quantum raises $24m in Funding Round

Mark IV Capital Sells 300 Acres in Industrial Park outside Reno, Nevada

PGIM Closes £2bn Global Data Center Fund

FiberLight Closes $500m Refinancing Facility

Hut 8 Acquires Majority Stake in Data Center Company Owned by Trump Sons

Khazna Data Centers Confirms Fresh Funding

GLP Closes Fund to Purchase Data Center in China

Edgnex Buys Finnish Data Center Developer Hyperco

Pulsant Purchases Two Data Centers in the UK

Switch Raises $3.for Refinance

Ready to Level up Your Data Center Strategy?

Ready to Level up Your
Data Center Strategy?