Data Center News

Ericsson to invest $50 million for data center expansion

Ericsson this week revealed it will invest an additional $50 million to expand its four-year-old 5G Smart Factory in Lewisville, Texas, an investment which "will further accelerate local production to address the demand for 5G infrastructure made in the USA, compliant with the Build America B...

May 21, 2024

Texas

Atlanta City Council members propose new bill to block data center developments

Atlanta City Councilmen Jason Dozier and Matt Westmoreland have introduced bills to block data center developments around certain areas of the Georgia city near transit stops and the Beltline.“Excited to introduce legislation alongside Matt Westmoreland to address the rapid growth of data cent...

May 10, 2024

Atlanta

Hydrogen demonstration facility launches in Austin, Texas

A hydrogen demonstration facility has launched in Austin, Texas and will help provide power to the Texas Advanced Computing Center (TACC) data center via a fuel cell. The project – located at the University of Texas (UT) J.J. Pickle Research Campus in Austin – is a collaboration between GTI En...

April 29, 2024

Austin

Samsung plans investment in semiconductor cluster

Samsung Electronics has announced it will invest $40 billion to build a semiconductor cluster across a number of locations in Texas with a $6.4bn in direct funding under the US Chips and Science Act to support the development. The Taylor fabs are expected to be up and running by 2026 and Samsu...

April 15, 2024

Texas

Viasat launches new headquarters in London

Satellite firm Viasat last week officially launched its new office, at 50 Finsbury Square in London, as the combined offices of both Viasat and Inmarsat, the rival vendor it acquired last year. The new 121,000 square feet site includes new satellite, network, and cyber operations centers for t...

April 15, 2024

London

Oriole Networks raises £10 million in seed funding

University College London (UCL) spinout Oriole Networks has raised £10 million ($12.6m) in a seed funding round co-led by UCL Technology Fund, Clean Growth Fund, XTX Ventures, and Dorilton Ventures, with support from Innovate UK Investor Partnership. “As the demand for compute continues to inc...

March 29, 2024

London

Segro to develop new data centers after £900 million share issue

Property investor Segro has raised £900 million ($1.1 billion) in a share issue and intends to use this funds to develop its portfolio across the UK and Europe. The London-listed business had initially been hoping to raise £800 million ($1.01bn), but on Tuesday evening its directors said stron...

February 29, 2024

London

Former Sungard data center is up for sale in New Jersey

Via RI Marketplace, Real estate firm Marcus & Millichap is offering 1008 Virgil Avenue in Ridgefield, a former Sungard data center field as up for sale via auction and bidding for this property is set to begin March 25, with $750,000 listed as a starting bid. The listing reads, “The proper...

February 14, 2024

New Jersey

Iris Energy and Poolside sign new partnership

Iris Energy and AI startup Poolside have gotten into an agreement to give the latter cloud access to Nvidia GPUs. According to Iris Energy, the initial contract is three months, with a potential three month extension. Daniel Roberts, co-Founder and co-CEO of Iris Energy, said: “We are pleased ...

February 08, 2024

Texas

Swiss Life Asset Managers acquires major stake in Telecom Infrastructure Partners

Investment firm Swiss Life Asset Managers this week entered an agreement with London-based InfraBridge, an infrastructure investment management division of DigitalBridge Group, to acquire a co-controlling equity stake in Telecom Infrastructure Partners (TIP). Gianfranco Saladino, head of value...

January 10, 2024

London

Axiom Space to launch orbital data center

Space infrastructure business Axiom Space has planned to develop an 'orbital data center.' The company is currently developing the world’s first commercial space station, which will initially be a part of the International Space Station, but is planned to separate and remain in orbit, once the...

December 21, 2023

Houston

Lightmatter officially becomes a unicorn

Photonic computing company Lightmatter has now been crowned a Unicorn, raising $155 million at a $1.2 billion valuation. This funding is part of the series C investment round, which helped the company raise $154 million in May, successfully tripling the company’s value at the time. Overall, Li...

December 19, 2023

Boston

DataBank raises capital for new data centers

DataBank has raised $533 million of capital to build new data centers through debt and equity. This brings the total funds raised by the company this year to $1.6 billion, with $715 million of secured notes issued in February and a $350 million credit facility announced later in March. DataBa...

November 29, 2023

DataBank

OpenAI president Greg Brockman quits as the company fires CEO

OpenAI's co-founder and president, Greg Brockman, has quit the company after the board suddenly fired CEO Sam Altman last week. Brockman, who was initially made to step down as board chairman, has left the company. The board is yet to disclose the exact reason for firing Altman as the company ...

November 20, 2023

San Francisco Bay Area

OpenAI co-founder Sam Altman fired from the company

OpenAI co-founder Sam Altman has been fired as CEO of the artificial intelligence startup as the board denounces confidence in his leadership. In a statement released by the company, the board noted that it “no longer has confidence in his ability to lead.” Mira Murati, OpenAI’s chief technol...

November 19, 2023

San Francisco Bay Area

Ridge purchases UK data center consultancy Concert

Building consultancy Ridge recently acquired London-based Concert, a data center-focused consulting company, to boost its business in that sector. Both companies finalized this acquisition on November 3, but the terms of the transaction were not disclosed. Concert will operate under its curre...

November 18, 2023

London

Data Clean Corp acquires data center cleaning business Sealco

Data Clean Corporation has acquired Texas-based critical environment cleaning company Sealco LLC, marking its second acquisition since it was bought by Angeles Equity Partners in November 2022. Frank Spelman, managing director at Angeles Equity Partners said, “Sealco is arguably one of the mos...

November 17, 2023

Texas

DataBank plans 192MW data center facility in Virginia

DataBank announced it has acquired 85 acres of land in Culpeper, Virginia, to construct a new data center campus, which will host up to three two-story data centers offering 1.4 million square feet of space. The new facility will use DataBank’s recently announced Universal Data Hall Design (UD...

November 16, 2023

DataBank

DataBank purchases new parcel in Atlanta, Georgia, for DC campus

US colocation provider DataBank recently purchased 95 acres of land near Lithia Springs within a mile of the 18 acres where it is already building its ATL4 facility in Atlanta, Georgia. The newly acquired parcel can accommodate two multi-story data centers totaling 1 million gross square feet....

November 01, 2023

DataBank

Quantum computing firm D-Wave faces delisting from NYSE again

Quantum computing firm D-Wave is facing delisting from the New York Stock Exchange over its low stock price for the second time this year. The company announced this week that it received a notice from the NYSE that it is not in compliance with listing requirements as the average closing price...

October 26, 2023

New York

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