Data Center News

PDG announces $1bn expansion plan in Mumbai and Chennai

Princeton Digital Group

Princeton Digital Group (PDG) has announced plans to expand its data center capacity in Mumbai and Chennai, India through a $1 billion into the country which will bring its India portfolio to 230MW of capacity. DG plans to add three new facilities, bringing the total campus capacity to 150MW a...

Snowhawk invests in CleanArc Data Centers

United States

Private equity firm Snowhawk LP has invested in data center developer CleanArc Data Centers as the company expands its team and develops its first data center campus in Virginia. Led by Vantage Data Centers founder Jim Trout, the company aims to develop hyperscale data center campuses deliveri...

Telesat completes CA$2.54 billion in funding agreements

Canada

Canadian satellite firm Telesat has announced the completion of funding agreements with the Government of Canada and the Government of Quebec for the Low Earth Orbit (LEO) broadband constellation. The satellite firm now has all financing sources in place to fund the Lightspeed network, includi...

Bitfarms to acquire Stronghold Mining for $125 million

Canada

Cryptomining firm Bitfarms has entered into a definitive partnership with Stronghold Digital Mining under which Bitfarms will acquire Stronghold in a stock-for-stock merger transaction. The deal is valued at approximately $125 million equity value plus the assumption of debt valued at approxim...

Natron Energy to invest $1.4 billion on a giant factory in Edgecombe County, North Carolina

North Carolina

Sodium-ion battery manufacturer Natron Energy plans to spend $1.4 billion on a 1.2 million square foot (111,500 sqm) facility, at the Kingsboro CSX Select Megasite which is expected to produce 24GW of batteries annually at full capacity and lead to 1,000 jobs.  “Today is a momentous day for Na...

Quinbrook’s Rowan secures investment from Canadian pension fund

Canada

Rowan owner Quinbrook Infrastructure Partners this week announced that  Rowan Digital Infrastructure has secured a co-investment from University Pension Plan Ontario (UPP). The companies said UPP’s investment in Rowan will allow Quinbrook to “further advance its efforts” to provide solutions t...

PDG acquires new data center in Singapore

Singapore

Princeton Digital Group this week announced the acquisition of Yahoo’s Singapore data center, SG3 which offers 5MW across 5,400 sqm (58,125 sq ft).  Terms of the deal were not disclosed, but Yahoo will continue to host its infrastructure at the facility.  Rangu Salgame, chairman, CEO and co-fo...

RadiusDC acquires data center in Miami

Miami

RadiusDC this week announced the acquisition of Miami I in the Sweetwater area of the city from NextStream, a data center operator in Latin America owned by Actis.  RadiusDC said it plans to immediately expand the site's capacity from 3.2MW to 9.2MW.  "We believe Miami I is an ideal asset to e...

Equinix surpasses $1bn EBITDA for Q2

Equinix

Equinix has surpassed a $1 billion EBITDA in Q2 2024 for the first time, reaching $1.036bn. The company Equinix has surpassed a $1 billion EBITDA in Q2 2024 for the first time, reaching $1.036bn. Furthermore, the quarter's results saw operating income up 20 percent compared to the previous qua...

Riverlane raises $75 million in a Series C funding round

Europe

 Quantum engineering company Riverlane has raised $75 million in a Series C funding round led by Planet First Partners. This funding saw participation from ETF Partners, EDBI, and existing investors Cambridge Innovation Capital, Amadeus Capital Partners, the UK's National Security Strategic In...

Centuria to acquire 50% stake in ResetData

Australia

Australasian real estate fund manager Centuria Capital Group has announced that it has gotten into an agreement to acquire a 50 percent stake in cloud data center provider ResetData for up to $21 million as it plans to expand the group’s revenue stream into a new business line that aims to pro...

Liberty Latin America and Millicom to merge operations in Costa Rica

Caribbean

Liberty Latin American (LLA) and Millicom have signed an agreement merge their operations in Costa Rica which will see LLA hold a stake of around 86 percent in the company, with Millicom holding the remaining 14 percent. The final ownership percentage will be confirmed at closing and the new e...

Africa Data Centres secures $109 million in financing

Africa Data Centres

Cassava Technologies group ADC has secured a bespoke financing solution worth ZAR2 billion ($109m) arranged by the South African banking group RMB. The funding will allow the company to expand its data center capacity and meet the growing demand for cloud computing in South Africa – expanding ...

Vantage closes $9.2bn equity raise

Vantage Data Centers

Vantage Data Centers revealed this week that it had completed a $9.2 billion equity investment led by investment vehicles managed by DigitalBridge and Silver Lake.“It’s exciting to experience such strong investor demand to fuel our unprecedented growth across North America and EMEA,” said Sure...

CyrusOne closes $1.175 billion ABS offering

CyrusOne

CyrusOne has closed its $1.175 billion Series 2024-2 and 2024-3 funding round, classified as a Secured Green Collateral Bond, and is the largest ABS issuance since 2021. Series 2024-2 is expected to mature in five years, while Series 2024-3 is expected to mature in seven.Eric Schwartz, CEO of ...

PLDT secures green loan for fiber network expansion

Philippines

Philippines Long Distance Telephone Company (PLDT) has secured a green loan from Metropolitan Bank & Trust Co. (Metrobank) worth 4 billion pesos ($69 million). Proceeds from the loan will be used toward expanding PLDT's fiber footprint, as it seeks to "narrow the country's digital divide, ...

Coreweave secures $1.1 billion in new funding

United States

GPU cloud provider CoreWeave announced that it has secured $1.1 billion in new Series C funding round this week led by Coatue, with participation from Magnetar who led the last primary round, as well as Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management....

RAI plans €140 million investment in developing data centers

Italy

Italian broadcaster RAI this week announced its board of directors had approved a new 2024-2027 business plan, which includes a number of data center investments. The company said it plans to invest €140m related to the roll-out of its ‘diversification initiatives’ by 2027. These investments i...

UK government announces £45 million funding package for quantum projects

United Kingdom

The UK government has announced a £45 million funding package to boost the use of quantum technology across a number of sectors, including healthcare, energy, and transport. This comes as quantum technologies is now recognized as one of the five critical technologies set out by the UK governme...

Edge data center firm acquires cloud firm CloneCone

Edge data center firm Edge Centres in a new announcement revealed it has acquired US cloud firm CloneCone which offers virtual and hosted server services. Terms of the deal weren’t shared.  Edge Centres announced on LinkedIn this week, “This strategic acquisition represents a significant miles...