Data Center News

Johnson Controls to Invest S$60m to Expand Innovation Center in Singapore

Singapore

Johnson Controls has announced plans to invest up to S$60 million (US$44m) to expand its Innovation Center in Singapore. According to the company, the expansion will target the growing demand for more energy-efficient data center infrastructure across the Asia-Pacific region.Johnson Controls h...

OADC Acquires NTT Data Centers in South Africa

NTT Data

Pan-African data center firm Open Access Data Centres (OADC) is acquiring a portfolio of NTT data centers in South Africa. According to CCSA, the deal is set to see OADC affiliates, OADC Propco and OADC Opco, acquire seven data centers currently owned and operated by NTT Data SA.The facilities...

CapitaLand Sells Stake in Data Centers in India

India / Bhārata

New Year’s Eve saw CapitaLand Investment Limited (CLI) announce it has successfully raised approximately S$150 million (US$115m) equity in the first close of its CapitaLand India Data Centre Fund (CIDCF), which is focused on data center development opportunities within India’s “key data center...

Blue Owl Backs Out of Funding Oracle's $10bn Michigan Facility

Oracle

Blue Owl Capital is not planning to provide financial backing to Oracle's planned data center in Saline Township, Michigan. The data center project, valued at $10 billion, is being developed by Oracle, Related Digital, and OpenAI as part of the latter's Stargate project.The campus is expected ...

Data4 Chosen for €5bn Data Center Project in Northern France

DATA4 Group

Data4 is leading a €5 billion ($5.86 billion) project to develop a data center campus at a former steelworks in northern France. The company has been selected to deliver the campus at the Soufflantes industrial park in Escaudain, near Denain, which is just outside the city of Valenciennes.A co...

SoftBank to Buy Data Center Investor DigitalBridge for $4bn

DigitalBridge

SoftBank Group plans to acquire digital infrastructure investor DigitalBridge for $4 billion.DigitalBridge had around $108 billion of assets under management at the end of September, including AIMS, AtlasEdge, DataBank, Switch, Takanock, Vantage Data Centers, and Yondr Group. As of August, the...

Blykalla Raises $50m as it Advances Plans to Power Data Centers

Sweden

Swedish small modular reactor (SMR) start-up Blykalla has closed a $50 million (€42m) financing round to accelerate development of its lead-cooled SMR, with a focus on meeting growing demand from the data center sector.Blykalla said that it will use the capital to scale testing and validation ...

New Era Energy to Acquire SharonAI's 50 Percent Share in Texas Critical Data Centers

Texas

New Era Energy & Digital has signed a binding agreement to acquire Sharon AI’s 50 percent stake in Texas Critical Data Centers (TCDC), a joint venture between the two companies, which is developing an AI data center in Ector County, Texas.New Era Energy & Digital will pay SharonAI an a...

New Era Energy to Acquire SharonAI's 50 Percent Share in Texas Critical Data Centers

Texas

New Era Energy & Digital has signed a binding agreement to acquire Sharon AI’s 50 percent stake in Texas Critical Data Centers (TCDC), a joint venture between the two companies, which is developing an AI data center in Ector County, Texas.New Era Energy & Digital will pay SharonAI an a...

Goodman, CPP Investments Establish €8bn European Data Center Platform

Goodman Group

Goodman Group has teamed up with the Canada Pension Plan Investment Board (CPP Investments) to establish a €8 billion (US$9.4bn) European data center partnership.The 50/50 venture will see the companies commit an initial €2.2bn (US$2.59bn) to develop a portfolio of data center projects across ...

Axiado Raises $100m for Hardware-Based Data Center Security Platform

Axiado has secured more than $100 million in financing to fund the development of its hardware-based data center security platform. The California-based vendor raised the cash in a Series C+ funding round led by Maverick Silicon with participation from Prosperity7 Ventures, Orbit Venture Partn...

Google to Buy Intersect Power for $4.75bn

Google

Google is set to acquire Intersect Power, a US-based data center and energy infrastructure developer, for $4.75 billion. The deal will see the hyperscaler's parent company Alphabet purchase Intersect's entire portfolio of in-development and under-construction assets, which comprise several gig...

Nscale Agrees $865m Deal for 40MW of Space at WhiteFiber Data Center

North Carolina

Colo firm WhiteFiber has agreed a $865 million deal with Nscale that will see the neocloud take 40MW of space at an upcoming data center in North Carolina. The ten-year deal will see Nscale rent space at WhiteFiber’s NC-1 facility in Madison, North Carolina."WhiteFiber has taken a prudent and ...

Khazna Buys Land in Dammam for 200MW Facility

Khazna

UAE data center firm Khazna this week announced the acquisition of 225,000 sqm (2.4 million sq ft) of land in Dammam to develop local data center capacity. The company said the site, the company’s first in the kingdom, will support up to 200MW of capacity.“Over the past decade, Saudi Arabia ha...

WIOCC Secures Additional $65m in Sustainability-Linked Loans

Africa

African digital infrastructure provider WIOCC Group has raised $65 million in debt financing to fund the expansion of digital infrastructure across Africa. The funding is secured through sustainability-linked debt financing, arranged by International Finance Corporation (IFC), Proparco, Emergi...

InfraRed Acquires Majority Stake in NxN Data Centers

NXN Datacenters

Infrastructure asset manager InfraRed this week announced its majority investment in NxN Data Centers. InfraRed, alongside minority investor Adequita, will support the development of NxN’s first data center, a 5MW facility located in Valencia, as well as ongoing expansion opportunities across ...

AtlasEdge Sells Nine Data Centers Across Europe to Spanish Operator Templus

AtlasEdge

European Edge data center company AtlasEdge has sold a portfolio of facilities to Spanish operator Templus.The companies announced the deal this week, with nine data centers trading hands. Templus will be taking over data centers in Madrid and Barcelona, Spain; Milan, Italy; Zurich, Switzerlan...

Keppel Sells Stake in Two Singapore Data Centers to Keppel DC REIT

Keppel Data Center REIT

Singaporean asset manager Keppel has sold stakes in two data centers in Singapore to its data center real estate investment trust. Keppel Ltd.’s Connectivity Division has agreed to sell the remaining ten percent interest in Keppel DC Singapore 3 (KDC SGP 3) and one percent interest in Keppel D...

Radiant Raises $300m in Latest Funding Round

Equinix

Equinix-backed microreactor firm Radiant Industries has raised more than $300 million as part of its latest funding round. Draper Associates and Boost VC led the funding round, with additional financial commitments from current investors.According to the company, the latest funding round will ...

Nu Quantum Secures $60 million Series A Investment

United Kingdom

UK quantum computing firm Nu Quantum this week closed its oversubscribed Series A funding round led by National Grid Partners, including participation from Gresham House Ventures and Morpheus Ventures.The company claimed it is the largest financing round ever raised by a pure-play quantum netw...