Data Center News

Equinix will construct a $42 million data center in Mumbai, India

Equinix will invest $42 million in a new data center in Mumbai, India. The MB4 data center is anticipated to be operational by the end of the fourth quarter 2023. The MB4 data center is in the Kalwa Industrial Area, approximately 9 miles from the company's two other IBX data centers in Mumbai....

August 10, 2023

Equinix

Digital Realty unveils high-density colocation solu with 70kW racks in 28 markets

Digital Realty, a global leader in the data center industry, has introduced a high-density colocation service in 28 markets across North America, EMEA, and Asia Pacific. The new service supports up to 70 kilowatts per rack of computing power. Digital stated that the increased rack densities we...

August 08, 2023

Digital Realty Trust

Lumen, a US telco, loses $8.74bn due to non-cash impairment

In the second quarter, Lumen Technologies reported a loss of $8.74 billion, a significant decrease from the $344 million profit in the same quarter last year. The company, formerly CenturyLink Enterprise, has lost more than 66 percent of its value this year, reducing its market capitalization ...

August 03, 2023

Lumen Technologies

Microsoft has submitted plans to construct two data centers in San Jose, California

Microsoft has applied to construct two data centers in San Jose, California. On August 17, the San Jose Council Planning Division will convene to discuss Microsoft's plans for a 65-acre site at 1657 Alviso-Milpitas Road. The company seeks permission to remove 79 trees to construct two single-s...

August 03, 2023

Microsoft Azure

Stack Infrastructure concludes its second $250 million debt financing of 2023

$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 billio...

August 02, 2023

STACK INFRASTRUCTURE

Mubadala makes an investment in Aligned Data Centers and acquires a minority stake

Mubadala Investment Company, the sovereign investment branch of Abu Dhabi, has invested in Aligned Data Centers. Mubadala will become a minority shareholder in the U.S. company, although the scale of the investment was not disclosed. Macquarie Asset Management remains the majority shareholder ...

August 02, 2023

Aligned

Microsoft increases data center and AI compute capex

This past quarter, Microsoft's capital expenditures increased to $10.7 billion as the company reported spending significantly on data centers, computing, and networking. The company announced that spending would increase each quarter throughout fiscal 2024, already higher than the $7.8bn capit...

July 28, 2023

Microsoft Azure

Costs projected to rise as meta capex for data centers, servers, and networks reaches $6.4 billion

In the last quarter, Meta's capital expenditures reached $6.4 billion due to investments in data centers, servers, and network infrastructure. This is a decrease from the $7.1 billion the company spent in the previous quarter, but the Facebook proprietor is now done with a data center restruct...

July 28, 2023

Meta

Digital Realty sells TPG Real Estate 80% of Northern Virginia data centers stake for $1.3bn

TPG Real Estate now owns 80% of three Digital Realty data centers in the US state of Virginia's Northern Virginia. Digital will continue to oversee the daily operations of the joint venture's facilities. The data center business aims to utilize the $1.3 billion in proceeds from the transaction...

July 28, 2023

Digital Realty Trust

KPMG will invest $2 billion with Microsoft in AI and cloud services

KPMG plans to invest $2 billion over the next five years in artificial intelligence (AI) and cloud services in partnership with Microsoft. The global expansion of the 'Big Four' accounting firm's relationship with Microsoft is anticipated to generate up to $12 billion in revenue over the next ...

July 28, 2023

Microsoft Azure

Microsoft intends to invest $230 million in an additional data center in San Antonio, Texas

Microsoft intends to construct another data center in the San Antonio, Texas, region. The corporation stated in applications with the Texas Department of Licensing and Regulation, initially reported by the San Antonio Business Journal, that the project would cost $230 million.The company inten...

July 28, 2023

Microsoft Azure

Microsoft pushes forward with data center projects in Brazil

Microsoft has shared its plans for further expansion in Brazil, with a new data center in the Campinas area of São Paulo state, Brazil. Located in Hortolândia, details on the facility obtained by BNAmericas, reveal the giant’s plans for the installation of a data center on greenfield land wit...

July 26, 2023

Microsoft Azure

Reliance joins Brookfield and Digital Realty's Indian data center JV

Reliance Industries, the largest business group in India, revealed that it would join Mercury Holdings SG Pte, the current joint venture between Brookfield Infrastructure and Digital Realty, to construct data centers in India. By acquiring a 33,33 % stake in the existing JV, Reliance Industrie...

July 26, 2023

Digital Realty Trust

Stack Infrastructure intends to raise $100 million in secured notes

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 s...

July 26, 2023

STACK INFRASTRUCTURE

Compass will soon buy Sears' 2.4 million-square-foot Chicago facility

Compass Datacenters, which was recently taken over, is planning to purchase a former Sears office complex in Chicago, Illinois, presumably for a new data center campus. The data center constructor and operator are "poised" to acquire the Sears site in the Hoffman Estates neighborhood, as first...

July 21, 2023

Compass Datacenters

Microsoft was permitted to operate its Dublin data center on gas

According to reports, Microsoft has been granted permission to construct a 170MW gas power facility for its Dublin data center expansion. As per a report from Business Post, the cloud giant applied in December to construct a gas power facility for its $1 billion Dublin data center campus curre...

July 20, 2023

Microsoft Azure

EdgeConneX announces deployment of AWS Direct Connect in Phoenix data center

EdgeConneX has announced the deployment of AWS Direct Connect with both 10Gbps and 100Gbps capability at the Phoenix Edge Data Center (PHX01). The company shared that this will enable customers to establish direct edge cloud on-ramps. This, it shared, can reportedly reduce costs, improve oper...

July 19, 2023

EdgeConneX

GI Partners acquires the majority stake in 2 Chicago data centers from Digital Realty

GI Partners has acquired a majority stake in two data centers in Chicago, Illinois, from Digital Realty. This week, the business announced that it had formed a joint venture with GI Partners to sell a 65 percent stake in two stabilized hyper-scale data center facilities and their associated ma...

July 18, 2023

Digital Realty Trust

Equinix to connect to new district heating scheme in Frankfurt, Germany

Equinix has announced that, through a partnership with a number of different companies, it will connect to a new district heating scheme in Frankfurt, Germany. In collaboration with Vonovia, AS Enterprise, and EB-SIM, the group aims to build a heating network for the bizonal residential area ...

July 17, 2023

Equinix

Microsoft buys a 14-acre plot for data centers in Sterling, Virginia

Microsoft has plans for data centers in Sterling, Virginia. BizJournal reports that Microsoft purchased a 14-acre parcel at 23540 Pebble Run Place for approximately $15 million last month, citing Loudoun County property records. Data centers are already legally permitted on the property, which...

July 17, 2023

Microsoft Azure

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