Data Center News

Novacap closes first digital infrastructure fund

New York

North American investment firm Novacap this week announced the final closing of Novacap Digital Infrastructure Fund I, the firm's first fund dedicated entirely to investing in digital infrastructure. The firm has also named its recently announced data center joint venture with H5, HyScale Data...

Clayco launches dedicated data center division

Equinix

US construction contractor Clayco last week announced the launch of Clayco Compute, an integrated data center delivery business unit focused on specialized construction of advanced technology centers to cater to data center and quantum computing construction projects. The unit will encompass l...

Rowan secures $975 million for Maryland data center campus

Rowan Digital Infrastructure

Data center developer Rowan Digital Infrastructure has closed $975 million of construction financing to build out its upcoming campus in Maryland. The funds will be used to build the first phase of a hyperscale data center campus in Maryland at the TPG-owned site in Frederick County. Phase one...

Macquarie invests in Applied Digital's AI data center business

Applied Digital

Investment firm Macquarie Asset Management (MAM) is set to invest $5 billion into Applied, a cryptomining firm pivoting to AI and HPC data centers. Under the deal, MAM will invest up to $900 million in Applied's Ellendale campus in development in North Dakota, and has the right of first refusa...

Australian gov't to provide additional $3bn to complete fiber build-out

Australia

The Australian government has pledged this week to provide an additional AU $3 billion (US$1.86bn) to support NBN Co's fiber network upgrades. NBN Co noted that the investment is in addition to more than AU$800 million (US$494m) of its own investment.NBN, which is a state-owned corporation of ...

SUR Holdings acquires debt-ridden WOM

Colombia

SUR Holdings has acquired Colombian telco WOM, providing a lifeline for Colombia's fourth-largest mobile network operator, which filed for bankruptcy in April of last year, weeks after its Chilean counterpart. The country's ICT minister Mauricio Lizcano said the investment from SUR Holdings, w...

Constellation Energy to acquire Calpine Corporation

United States

US energy giant Constellation Energy has agreed to acquire Calpine Corporation, an independent power producer, for $26.6 billion, including debt considerations in a transaction that includes 50 million shares of Constellation stock, $4.5 billion in cash, and the assumption of about $12.7 billi...

Will 2025 be the Year of the Data Center? Here are Three Promising Facts from the Virginia Market

Last summer, Sequoia partner David Cahn declared that 2025 would be the “Year of the Data Center,” as project developers and investors lined up to expand data center capacity in support of the AI industry’s massive build-out. To validate this thesis, we looked at Baxtel’s proprietary data in o...

Nscale raises $155m in funding round to finance expansion

Europe

European AI cloud firm Nscale has raised $155 million in a new funding round led by Sandton Capital Partners with participation from Kestrel, Bluesky Asset Management, and Florence Capital and will fuel its growth plans across Europe and North America. Nscale said it is launching a public clou...

HPE walks away from $700m AI hardware deal

United States

HPE revealed it walked away from a $700 million AI hardware deal over concerns about the customer. CEO Anthonio Neri told analysts on the enterprise IT vendor’s most recent earnings call that the company chose to “de-book” the order for an unnamed client because it considered it too risky.“We ...

InfraVia to acquire 50 percent stake in Iliad’s OpCore data center unit

Investment firm InfraVia and French telco Iliad’s data center unit this week announced the two companies have entered into exclusive discussions to form a partnership aimed at “developing OpCore into a major European hyperscale data center platform. As part of the deal, InfraVia, through its i...

Legrand acquires Power Bus Way

Canada

Legrand has acquired Power Bus Way, a specialist in Cable Bus power busbars, primarily for data centers. The company employs more than 120 people and generates an annual revenue of around €70 million ($73.5m), mainly in the United States and Canada.Benoît Coquart, CEO of Legrand, said: "Today ...

IHS Towers to sell stake in Kuwait tower unit

Asia-Pacific (APAC)

IHS Towers has announced a deal to sell its 70 percent stake in IHS Kuwait Limited to Zain Group, with the telco taking back ownership of towers it previously sold. According to IHS, the terms of the transaction reflect an enterprise value of $230 million for the IHS Kuwait portfolio and inclu...

Spectro Cloud secures $75m in Series C funding

Spectro Cloud has secured $75 million in a Series C funding round. The management company announced earlier this month that it had closed the funding round led by Growth Equity at Goldman Sachs Alternatives, along with participation from existing investors. The funding will be used to aid prod...

DirecTV terminates offer to acquire EchoStar

United States

DirecTV has terminated its offer to acquire EchoStar's satellite television business stating its failure to gain approval from Dish bondholders as a reason for termination. The proposed $1 sale to DirecTV would have included the sale of Dish's DBS pay-TV business as well as Dish and Sling TV, ...

Amazon to invest another $4bn in Anthropic

Amazon AWS

Amazon plans to invest $4 billion in Anthropic, following a previous $4bn investment in the generative artificial intelligence startup. The companies said that the startups "will use AWS Trainium and Inferentia chips to train and deploy its future foundation models," however Anthropic will lik...

Colt signs $1.7bn joint venture in India

Colt Data Centre Services

Colt Data Centre Services and family-owned alternative asset owner RMZ this week announced a 50:50 joint venture to invest $1.7 billion in the Indian data center market. The companies this week said the investment will initially focus on expediting development at Colt’s existing sites in Navi ...

CoreWeave secures another $650m investment

GPU cloud provider CoreWeave has closed a minority investment of $650 million. The latest investment round was led by investors Jane Street, Magnetar, Fidelity Management & Research Company, and entities administered by Macquarie Capital."The support from some of the leading financial inst...

Charter Communications to acquire Liberty Broadband

Charter Communications has announced a deal to acquire Liberty Broadband as part of an all-stock transaction. As part of the deal announced today, Liberty has agreed to divest GCI, which is Alaska's largest communications provider."We are pleased to announce this agreement today with Liberty B...

Brazil's Scala has obtained $500 million in funding.

Brazilian firm Scala Data Centers has secured new financing to fund its data center roll-out. The DigitalBridge-owned company this week announced the successful completion of $500 million in structured financing. The investment includes $250 million from Coatue Tactical Solutions and $250m fro...