July 27, 2021 DataBank
DataBank has announced that it has purchased an existing land and building in Denver. The land and building acquired would be DataBank’s home for its fifth data center in Denver. This facility is located at 6961 S. Quentin Street in Centennial, CO. DataBank says the facility will help it meet the...
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July 24, 2021 Switch
The data center industry is a multibillion-dollar industry. According to Gartner, end-user spending on data center infrastructure for 2020 was $188 billion, a 10.3% decrease from 2019’s spending. With these figures, we can reach a consensus that there’s a massive market available for data center...
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June 04, 2021 Google
Google has decided to migrate some of its YouTube infrastructure to its own Google Cloud Service. Initially, many of Google’s key services like YouTube and its search engine are being hosted on internal infrastructure that isn’t Google Cloud Computing Service (GCP). Thomas Kurian, CEO of Google...
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June 02, 2021 Switch
Switch will borrow $500 million to pay for its recent acquisition of Data Foundry for $420 million. Switch will be borrowing $500 million in senior notes. Senior notes are less risky, and the lender gets to pay lower interest. However, senior notes are a priority over other types of debt. This...
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May 19, 2021 Google
Google just opened its new Quantum campus, which houses its quantum computers and serves as a Research and Development lab for future developments. The latest data center campus is located in Santa Barbara County, California. Google is also planning to spend billions of dollars on building a...
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May 18, 2021 Hyperscale Data Center
Google has announced that it would soon start using geothermal energy to power its Nevada data center. The announcement will see Google become the first hyper-scale cloud operator to use the earth’s heat to power its servers. Fervo Energy, a clean energy startup, will be helping Google develop...
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May 18, 2021 Google
Google will be moving workloads to data centers where renewable energy is available to boost renewable energy usage. Ross Koningstein, Co-founder of Google’s Carbon Intelligence Computing program, said that shifting compute tasks across locations is the Company’s first step in carbon-aware...
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May 15, 2021 Google
Google Cloud and SpaceX have announced that they have entered a new partnership which will see SpaceX's Starlink begin to locate its satellite ground stations within Google data centers. Together, through the partnership, the two firms will deliver cloud services, data and applications to...
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May 03, 2021 Switch
Switch will acquire Data Foundry for $420m in an all-cash transaction. The acquisition is expected to close by mid-2021 if it meets all customary closing conditions. Data Foundry has three highly connected data centers in Austin with an expansion capability of up to 44 MW. It also has one data...
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April 28, 2021 EdgeConneX
EdgeConneX has announced that it will add almost 20MW of new capacity across six of its data centers in North America. The facilities that will benefit from this expansion are Seattle, Portland, Phoenix, Miami, Detroit, and Chicago. According to Phillip Marangella, Chief Marketing Officer at...
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March 12, 2021 DataBank
Colocation provider DataBank will issue $658 million of secured notes. The new securitization notes will refinance DataBank's existing credit facility. This securitization and refinancing of previous loans adds more than $200M in liquidity to DataBank's balance sheet, providing funding for...
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December 15, 2020 DataBank
DataBank has closed deal to acquire 45 of Zayo's data centers across 20 markets in the US and UK. A second closing for zColo’s data centers in France is expected to be completed in Q1 2021. The deal instantly transforms Databank into a large player in the colocation market. With zColo's...
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September 30, 2020 DataBank
DataBank will acquire Zayo's zColo division for $1.4 billion. The deal includes the sale of 44 data centers in more than 20 markets across the United States and Europe. The transaction is expected to close in December 2020. Once closed, DataBank will operate 1.1 million square feet of data center...
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August 19, 2020 EdgeConneX
The Swedish investment firm EQT AB has announced that it acquired the US-based colocation company EdgeConneX. EdgeConneX has a global footprint, operating over 40 facilities in 33 markets across North America, Europe and South America and continues to expand after being founded a decade ago. EQT...
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April 15, 2020 Google
Google has announced a significant slow down in new staff hires. Bloomberg published an email from CEO Sundar Pichai which details its plan to recalibrate hiring because of the economic slowdown. In 2019, Google hired 20,000 people and had planned to hire an additional 20,000 employees. The...
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January 09, 2020 Hyperscale Data Center
Google and NV Energy have agreed to power a new $600 million data center in Henderson, NV, through what they say is the world’s biggest battery-backed solar deal for a corporate customer. The agreement involves roughly 350 MW of solar photovoltaics and between 250 and 280 MW of battery...
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January 06, 2020 DataBank
DALLAS, Jan. 6, 2020 /PRNewswire/ -- DataBank, a leading provider of enterprise-class data center, connectivity and managed services, today announced that Colony Capital (NYSE: CLNY) has made a $185 million investment into DataBank through the purchase of secondary equity interests from existing...
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August 21, 2019 Contegix
RESTON, Va.- Contegix, the leading Managed Service Provider for digital applications, has announced that it has named Joe Deney as its new chief operations officer. Deney is responsible for driving increased customer satisfaction and is charged with evolving the company’s support organization,...
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July 02, 2019 Hyperscale Data Center
Google held a groundbreaking ceremony on July 1st for its new campus in Henderson Nevada, roughly 10 miles south of downtown Las Vegas. The initial building is a 750,000-square-foot and the search engine giant will invest $600 million in the project. According to Google’s application for the data...
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June 27, 2019 Contegix
Reston, VA - Contegix, the leading Managed Service Provider for digital applications, has announced that it has named tech marketing expert Elizabeth Clor as its new chief marketing officer. Clor, who joined Contegix on May 22, brings two decades of experience in growing B2B technology companies...
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