Data Center News

Partners Group Acquires GreenSquareDC

Swiss private equity firm Partners Group is to acquire Australian data center firm GreenSquareDC and will invest up to AU$1.2 billion (US$759m) in GreenSquare to establish the company as a “next generation data center platform.”Nicholas Kuys, managing director, Infrastructure Asia, Partners Gr...

Soluna Acquires Land in Texas for Bitcoin Mining Site

Crypto and HPC data center provider Soluna has finalized the purchase of 60 acres of land in Texas for the construction of its new 187MW data center, which will be allocated to Bitcoin mining and intensive AI computing tasks. The site is colocated with a 240MW wind farm, allowing the firm to h...

Areim Raises €450m for Sweden’s EcoDataCenter

Nordic investment firm Areim this week announced it has completed an additional capital raise for its Nordic data center fund, Areim DC Fund, bringing the total raised capital to €900 million ($961m).The investment firm said the capital raise was “significantly oversubscribed,” adding both Nor...

Novva Secures $2bn Loan for Utah Campus Expansion

US data center firm Novva has secured financing for the next phase of its campus outside Salt Lake City, Utah which will allow Novva to complete the second and third phases of construction of its 100-acre data center campus - adding two buildings and 144MW.“Our Salt Lake City center is the fir...

Onsemi Proposes to Acquire Allegro MicroSystems

US chipmaker Onsemi has proposed an acquisition of Allegro MicroSystems for $35.10 per share in cash. The company has made “numerous attempts over the past six months to enter into constructive discussions regarding a potential transaction,” with its most recent proposal representing an increa...

Principal Closes $3.64bn Data Center Fund

Principal Asset Management, the investment management unit of Principal Financial Group, this week announced it has reached the final investor close for its Principal Data Center Growth & Income Fund. The new fund, dedicated to the development of a portfolio of hyperscale data center proje...

Skylo Secures $30m in Funding

Direct-to-device satellite firm Skylo has secured $30 million in funding round led by NGP Capital, with participation from Westly Group and existing investors including Intel Capital, BMW i Ventures, Samsung Catalyst Fund, and Next47.Parthsarathi Trivedi, CEO and co-founder of Skylo, said: “Sk...

Lumen Orbit Rebrands to Starcloud

Lumen Orbit, the startup aiming to deploy data centers in space, has recently announced a name change, rebranding to Starcloud and has secured a further $10m to fund its plans. The additional funding comes from previous seed investors and several new venture capital firms in the form of a simp...

Rowan Secures $1.2bn for Maryland Data Center Campus

Rowan Digital Infrastructure this week announced it closed a further $1.24 billion of construction financing to build the second phase of its flagship hyperscale data center campus at TPG's Quantum Frederick site in Maryland.The financing was led by Sumitomo Mitsui Banking Corporation (SMBC) a...

Quantum Machines Raises $170m in Funding Round

Processor-based quantum controller startup Quantum Machines has raised $170 million in an oversubscribed Series C funding round which was led by PSG Equity with participation from Intel Capital, Red Dot Capital Partners, and existing investors.“Turning a quantum processor into a functional qua...

AREP Closes $309 Million Data Center Investment Fund

American Real Estate Partners (AREP), an institutional real estate fund manager and operating company, this week announced the closing of its fourth real estate GP fund, AREP Strategic Opportunity Fund IV with $309 million in equity commitments.“This $309 million raise signals both tremendous ...

EU Allocates €20bn to Developing Four “AI gigafactories”

The European Commission is to spend billions of Euros on developing new AI supercomputing clusters. Commission President Ursula von der Leyen announced the launch of InvestAI, an initiative to mobilize €200 billion ($209bn) for investment in AI, including a new European fund of €20bn ($20.9bn)...

Johnson Controls Appoints Joakim Weidemanis as CEO

Industrial machine manufacturer Johnson Controls has appointed Joakim Weidemanis as CEO, effective March 12, 2025. During his stint at Danaher, Weidemanis grew the company’s diagnostics business through acquisitions and organic growth, taking leadership of an approximately $15 billion group ac...

Singtel Secures $475.9 Million Green Loan

Singtel’s regional data center arm, Nxera, this week announced a S$643 million five-year green loan to finance the development of the 58MW DC Tuas data center in Singapore. The funds will go toward funding the development and capital expenditure of DC Tuas, which is due to go live in 2026.As p...

Borealis Raises $148m in Debt Funding

Nordic firm Borealis Data Center (BDC) this week announced $148 million in funding from infrastructure investment firm Infranity and Iceland’s Arion Bank. The funds will support Borealis’ expansion plans in the Nordics, though further details weren't shared.“Our strategy for growth is rooted i...

EnCharge AI Closes $100m Funding Round

AI chip startup EnCharge AI has closed an oversubscribed $100 million Series B funding round led by Tiger Global and saw participation from Samsung Ventures and HH-CTBC. It brings the total amount raised by EnCharge AI to more than $144m. The company said it would use the funds to bring its fi...

DataBank Raises $250 Million from TJC

DataBank, a data center colocation, interconnection, and managed services company, has raised $250 million from TJC (formerly The Jordan Company). This incestment fund came from excess interest in the company's $2 billion round last October. The operator has raised nearly $5bn in debt and equi...

Euroclear Signs Seven Year Cloud Deal with Microsoft

Belgium financial services company Euroclear has signed a seven-year cloud deal with Microsoft.  Euroclear will develop a financial data-sharing platform, bring AI into its Euroclear FundsPlace to improve customer experience, as well as work to strengthen Euroclear's infrastructure backbone.Va...

Salute Acquires Data Center Services Provider Keysource

Salute this week announced the signing of a definitive agreement to acquire Keysource Group, with the deal is set to close in Q2 2025, subject to regulatory approval. The deal will see Keysource’s team of 130 join Salute. Jon Healy, EMEA president and group COO at Keysource, said: "Salute and ...

AWS to invest in cloud infrastructure in Maharashta, India

Amazon AWS

Amazon Web Services (AWS) has committed to invest $8.3 billion in developing cloud infrastructure for its AWS Asia-Pacific (Mumbai) Region in Maharashtra, India. The company signed a Memorandum of Understanding (MoU) on January 22, 2025, during the World Economic Forum 2025 to formalize the pl...