August 02, 2023 STACK INFRASTRUCTURE
$250 million in securitized notes have been issued as part of Stack Infrastructure's second round of structured debt financing for 2023. The funding round began a month ago with an initial goal of raising $100 million, which has since more than doubled. Since 2019, Stack has raised $2.3 billion...
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July 26, 2023 STACK INFRASTRUCTURE
Stack Infrastructure seeks to raise $100 million by issuing securitized notes. After raising $250 million in March, this will be Stack's second fundraising round this year and sixth overall. It will begin on July 24. The notes have received an A-2 rating from S&P Global. This is presently set...
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April 26, 2023 STACK INFRASTRUCTURE
Stack has applied for approval to expand its San Jose, California data center campus. This week, the San Jose City planning commission will consider Stack's request to construct two data centers at 2400 Ringwood Avenue and 1880 Fortune Drive in Santa Clara County, as first reported by SF Yimby....
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March 28, 2023 OVH Group
As part of its ambitions for Asia Pacific development, which will see the construction of two further data centers in Singapore and Australia by 2024, OVHcloud, a pioneer in European cloud computing, has announced opening its first data center in India. The new Mumbai facility expands OVHcloud's...
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March 23, 2023 OVH Group
A new facility has been opened by the data center company OVHcloud in Mumbai, India. The company announced the opening this week, but no information was given regarding the facility's location or specs. The facility uses OVHcloud's unique water cooling technology, which the company claimed was...
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March 20, 2023 OVH Group
A French data center company OVHcloud purchased a quantum computer for internal usage. The technology was created by the French company Quandela, and a photonic processor powers the 2-qubit MosaiQ computer. Delivery is anticipated for this year's fall. No purchasing price was made public. OVH...
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March 17, 2023 STACK INFRASTRUCTURE
Stack Infrastructure has signed up for the Swiss Winter Reserve Plan, through which it will provide its supplemental power capacity to the Swiss energy reserve, in line with the Federal Council's ordinance. The ordinance includes measures to prevent winter power shortages and will run until April...
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March 17, 2023 STACK INFRASTRUCTURE
The data center company Stack has completed its most recent structured debt fundraising round. The company revealed the sale of $250 million in securitized notes last week. The price of the notes is a 5.900 percent fixed rate coupon. The firm said it has now raised $2.1 billion in notes through...
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March 08, 2023 STACK INFRASTRUCTURE
Stack Infrastructure plans to seek $250 million for data center expansion. The Stack Infrastructure Issuer will provide the funding, 2023-1, through the securitization of income connected to lease obligations and electrical capacity at 8 wholesale data centers in seven U.S. states. S&P Global...
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December 05, 2022 STACK INFRASTRUCTURE
Stack Infrastructure has partnered with ESR Group Limited to develop a 72MW data center campus in Osaka, Japan. The JV will see the companies develop the facility in Keihanna, Osaka. Stack and ESR schedule that the development of the first of three buildings will start in Q4 2023. The building...
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December 01, 2022 STACK INFRASTRUCTURE
Stack Infrastructure has announced that it has started work on a new facility in Virginia. The groundbreaking ceremony of the NVAL3 hyperscale data center campus took place this week. The data center’s first phase will deliver 36MW of capacity in a single building by Q1 2024. In addition, the...
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November 25, 2022 OVH Group
OVHcloud has secured a €200 million ($208m) loan from the European Investment Bank (EIB). The loan will be used to fund future developments. OVHcloud's goal is to provide a sustainable cloud service alternative in Europe to replace US cloud providers. It aims to support European privacy...
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November 08, 2022 STACK INFRASTRUCTURE
Stack has announced that it’s developing a new 230 MW data center campus in Phoenix, Arizona, featuring five buildings on a 50-acre site. This site, which will span 1.7 million square feet (157,935 sqm), is the company’s second in the state and will run on 100% renewable energy, built with a low...
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November 04, 2022 Vantage FRA II
Vantage Data Centers has opened three new facilities in Germany. The data center company announced the launch of these facilities in Frankfurt and Berlin. The new data centers see the company’s data center footprint in Germany rise by 72MW and 68,750 square meters (740,000 square feet). Vantage...
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October 27, 2022 Frankfurt
German energy company Mainova is moving into the data center business. The company broke ground on the new facility in Frankfurt, Germany. Mainova WebHouse, a subsidiary of the energy company, announced that a groundbreaking ceremony for the facility took place earlier in the month. The new data...
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October 11, 2022 STACK INFRASTRUCTURE
Stack Infrastructure has acquired two empty parcels of land in Manassas, Virginia. The land has been zoned for data center development. Per BizJournal, an affiliate of Stack Infrastructure paid $25.4m for 30.8 acres at 9530 Hornbaker Road, Manassas, last month. The company then bought another...
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October 10, 2022 STACK INFRASTRUCTURE
Stack Infrastructure has announced its plans to develop a large data center campus in Frankfurt. The company is looking to develop an 80MW facility in a former Coca-Cola bottling plant in the German city. Stack Infrastructure acquired the 17-acre parcel from Coca-Cola Europacific Partners...
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October 04, 2022 STACK INFRASTRUCTURE
In a bid to help the drastically declining bee population and push forward its ESG commitments, Stack has announced that it has deployed three beehives at its Milan campus in Italy. In its announcement on LinkedIn, the company outlined that while honeybees are responsible for 80% of the world's...
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September 22, 2022 STACK INFRASTRUCTURE
STACK Infrastructure has successfully connected its data center to Hafslund Oslo Celsio System in Norway for city-wide heat reuse. This is the first time a project of this kind has taken place in the country. Now, after a one-year ramp-up, STACK's OSL01 data center is now providing heat and hot...
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September 14, 2022 STACK INFRASTRUCTURE
ESR Cayman and Stack Infrastructure have partnered to develop a new data center in Seoul, South Korea. Both companies announced the joint venture to develop a 48MW data center in Incheon. The companies plan to break ground on the data center in Q1 2023. The facility is also scheduled to be...
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