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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February 24, 2023 Meta
Meta has sold a property in Mesa, Arizona, to the developer of data centers, EdgeCore Internet Real Estate, for $1.2 million. The lot, situated at 3856 S. Everton Terrace and comprising approximately 15 acres of land, has been acquired by EdgeCore as part of its substantial investment in the...
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February 08, 2023 Meta
In a cost-cutting effort, Meta claims to have rebuilt its data centers to be less expensive and quicker to build. Meta canceled or paused data centers worldwide and redesigned them for additional artificial intelligence demands late last year. Facebook's Danish data center development and Texas,...
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January 12, 2023 Meta
Meta has signed a PPA with BP to source renewable energy from an upcoming a 134MWdc (107MWac), 675-acre Arche Solar farm project in Ohio, developed by BP 50:50 joint-venture partner and subsidiary Lightsource BP. The social media company will reportedly receive 100% of the power from the site....
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January 02, 2023 Meta
The latest data center to take the hit in Meta's AI redesign rethink is its Kuna, Idaho, data center. The facility, an $800 million development, was only announced by the giant in February, with the company commencing work on the project in September. Speaking about the company's decision to...
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December 21, 2022 Meta
Meta has paused construction on its data center expansion in Huntsville, Alabama. This follows the giant’s announcement that its Odense, Denmark project was being completely canceled, and its Temple, Texas development was being paused as part of a wider AI data center design change. The...
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December 19, 2022 Meta
Meta has announced more solar projects, this time in Georgia and Tennessee. According to the company, the projects will be delivered through Silicon Ranch's partnership with Walton Electric Membership Corporation (EMC) and the Tennessee Valley Authority (TVA). Together, these three entities will...
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December 16, 2022 Meta
Meta, as part of a wider plan to integrate AI into its data center operations, has paused a number of its data center projects in a 'rescoping' effort, it has been announced. The first facility development that the giant announced it was halting was at its data center campus in Odense, Denmark,...
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December 05, 2022 Meta
Meta (formerly Facebook) has announced that it has signed another PPA with D. E. Shaw Renewable Investments (DESRI), a renewable energy producer in the US. The PPA is a long-term renewable energy off-take agreement through which Meta will procure solar energy from the upcoming Long Lake Project...
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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 22, 2022 Meta
Meta has announced that it is deploying a new network timing protocol, Precision Time Protocol (PTP), which will keep each server in its data centers on the same time. Servers must be coordinated, otherwise, users can experience delays, errors, and outages. In contrast to Network Time Protocol...
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November 15, 2022 Meta
Meta, the owner of Facebook, WhatsApp, and Instagram, has announced the biggest job cuts in the giant's history, with 13% of its workforce set to lose their jobs in a move that follows big redundancies at Twitter, Oracle and Microsoft. According to CEO Mark Zuckerberg, the job cuts are "the most...
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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 07, 2022 Meta
Meta (formerly Facebook) has announced that in an effort reduce its water consumption to become water-positive, it has increased its server rooms' temperature by five degrees to 90°F (32.2°C). This was first announced at the 7×24 Exchange Fall Conference, and first implemented at one data center,...
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October 31, 2022 Meta
Since Facebook became Meta, the company has tanked, losing $650 billion. In the wake of this huge loss, on Thursday, the giant's shares crashed 24% to $97.94, which is reportedly the lowest in nearly four years. This follows its historic loss in market value back in February, which saw...
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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 Meta
Social media giant Meta has announced that it is expanding its footprint in Eagle Mountain, Utah, with the expansion of its data center campus. The company made this announcement of the new additions on Facebook, where it said the campus grow by 2 million square feet. According to the company,...
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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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