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Data Centre Developer Sues New Jersey Town for $300m
August 01, 2026
Posted by: Abdul-Rahman Oladimeji
New Jersey
Portus Data Centers
Portus Data Centers has secured a new Chief Executive Officer. This week, it announced the appointment of Falk Weinreich as its new Group CEO."Portus Data Centers has quickly positioned itself as one of the most important providers in the regional colocation sector," Weinreich said. "We want t...
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Amazon AWS
Investment firm KKR has appointed Adam Selipsky as a senior advisor for technology and AI strategy. Selipsky will advise on strategy, capital allocation, and governance for the firm’s $179 billion Real Assets business.Selipsky was the CEO of cloud giant Amazon Web Services (AWS) from 2021 to 2...
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United States
Rackspace Technology appointed Gajen Kandiah as its new CEO to drive its cloud AI ambitions in the sector, after joining the hybrid cloud provider from Hitachi Digital, where he served for more than five years across various divisions, most notably as COO and executive chairman."I am honored t...
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New York
Cryptomine and HPC data center firm TeraWulf this week announced two 10-year high-performance computing (HPC) colocation agreements with Fluidstack. TeraWulf will deliver more than 200MW of critical IT load (~250MW of gross capacity) at its Lake Mariner data center campus in New York. The deal...
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Applied Digital
CoreWeave has agreed to lease an additional 150MW of data center capacity from Applied Digital. This builds on a previous leasing agreement made in June 2025 for 250MW, netting Applied Digital around $7 billion over the 15-year contract term. This has now been increased to $11bn.“These long-te...
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Europe
French power and cooling company Schneider Electric saw revenues increase thanks to continued data center spending. However, the company noted that unfavorable foreign exchange dynamics hit its margins, while tariffs and materials inflation cut into profits."We see a double-digit growth opport...
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Uruguay
Uruguay's government-owned telecommunications company, Antel, has announced that it wants to expand its infrastructure with two new data centers, as announced by the company's president, Alejandro Paz, during his visit to the Ing. José Luis Massera data center.On the creation of a data center ...
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Amsterdam
European fiber firm euNetworks is exiting its Amsterdam data center in the Netherlands as colocation customers have apparently been asked to vacate the data center by next year.The news was revealed by Dirk Pol, of Dutch connectivity firm i4 Solutions, in a post on LinkedIn. “euNetworks will b...
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Microsoft Azure
Glenn K. Lockwood has left Microsoft after spending the last three years at the company, initially as the HPC/AI workload lead in Azure Storage's product group, before working more broadly on the design of Microsoft's largest AI supercomputers."Everything I did at Microsoft touched supercomput...
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Legrand this week announced the acquisition of Amperio Project and Quitérios to further its data center capabilities. Amperio Project is a Swiss specialist in busbars. Based in Murten, the company employs around 20 people and has annual sales of more than €4 million ($4.7m). Quitérios is a Por...
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United States
Imran Latif has joined Johnson Controls as vice president, global technology and innovation, data centers after spending the last 14-and-a-half years at Brookhaven National Laboratory, most recently as its chief operations officer (COO) for data center infrastructure."Having had the opportunit...
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KAO Data
The CEO of UK data center company Kao Data, Doug Loewe, has stepped down. The company claimed that Loewe had "decided to dedicate more of his time" to philanthropic work, a cause with which he has a long history. Loewe was CEO for a year and a half.“On behalf of the Board and the entire team a...
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United Kingdom
Insurance broker and risk advisor Marsh this week announced the launch of Nimbus, a new insurance facility providing clients cover for the construction of large-scale data centers across the UK and Europe.Nimbus provides up to €1 billion ($1.15bn) in construction all-risks coverage and up to €...
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Amazon AWS
Amazon has revealed plans to invest $10 billion for the expansion of its data center infrastructure in North Carolina which will be used to support the company's cloud and AI services, and is expected to bring 500 full time jobs to the region.“Artificial intelligence is changing the way we wor...
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United States
The chairman of the Federal Energy Regulatory Commission (FERC), Mark Christie, is set to be replaced when his term expires at the end of the month and President Donald Trump has nominated Laura Swett, who currently serves as energy litigation counsel at the law firm Vinson & Elkins, as Ch...
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Turkey
Turkish e-commerce company Trendyol this week announced a partnership with UAE-based Castle Investments to build and operate a 48MW facility in the Turkish capital.“As well as helping us to better serve our growing domestic and international customer base, it reinforces our commitment to inves...
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United States
Snow Lake Energy, a uranium development firm, and US-based nuclear engineering company Exodys Energy have launched a joint venture to develop a small modular reactor (SMR) for the US data center market. This venture will use an SMR design based on pressurized water reactor (PWR) technology and...
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Finland
International private equity firm APL Group (also known as Asia Pacific Land) this week announced the development of a hyperscale data center campus in Varkaus, in the province of Eastern Finland.The data center will be built on a 28-hectare site and has a planned capacity of up to 100MW. The ...
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Liquid cooled data center firm Colovore has appointed Jeffrey Springborn as chief executive officer. He was previously the CEO of energy monitoring startup Best.Energy USA and prior to that, he was at fiber firm Lightedge for more than 20 years, and also had stints at Terabeam and Inteliant....
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United States
Cryptomining firm Hyper Bit Technologies this week announced it has signed a non-binding agreement to purchase Dogecoin Mining Technologies in a structured deal that will include an 11MW data center hosting facility based in Canada, along with a minimum of 2,000 ElphaPex DG2 mining rigs.“We vi...
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