Tag: data center
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Meta expands Louisiana data center to 5 gigawatts compute capacity
July 13 : Meta said on Monday its data center in Richland Parish, Louisiana will expand to 5 gigawatts of compute capacity, in a bid to support the social media company’s AI ambitions. Since breaking ground in December 2024, local Louisiana businesses have received more than $1.6 billion in contracts from Met
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TeraWulf jumps on $19 billion data center lease deal with Anthropic
July 6 : TeraWulf said on Monday it signed a 20-year lease with Anthropic for data center infrastructure, a deal expected to generate about $19 billion in contracted revenue, sending the bitcoin miner’s shares up more than 16 per cent in premarket trading.The deal secures long-term, recurring revenue for Tera
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Blackstone’s QTS terminates Digital Gateway data center project in Virginia
July 2 : Blackstone’s QTS said on Thursday it had terminated its planned Digital Gateway data center project in Virginia and withdrawn the associated filings after years of planning and regulatory review.The data center operator has faced years of local opposition and litigation over the project, despite it b
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Digital Realty to buy Blackstone’s data center stake in deal valuing assets at $7.8 billion
June 29 : Digital Realty said on Monday it would acquire a majority stake in three fully leased Northern Virginia data centers from Blackstone-managed funds in a deal valuing the assets at $7.8 billion.The acquisition strengthens Digital Realty’s position in Northern Virginia, the world’s largest data center
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India’s RMZ to ramp up data center capacity with $35 billion push, exec says
June 19 : Indian diversified real estate and investment firm RMZ plans to scale its data center capacity to 2-3 gigawatts over the next five years as part of a $35 billion investment push, a senior company executive said.The Bengaluru-headquartered company, which currently has 250 megawatts of capacity, is i
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Meta signs new AI computing deals with data center firm Crusoe, Bloomberg News reports
June 18 : Meta Platforms has secured new agreements to get AI computing power from data center developer Crusoe, Bloomberg News reported on Thursday, as it strengthens infrastructure required to support its AI expansion.Meta and Crusoe did not immediately respond to Reuters’ requests for comment on the repor
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Data center provider Csquare reports revenue rise in US IPO filing
June 16 : Data center provider Csquare on Tuesday revealed a rise in annual and quarterly revenue in its filing for an initial public offering in the U.S. Activity in the U.S. IPO market has seen a rebound as several sectors seek to capitalize on the investor enthusiasm for fresh stocks, with many companies s
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Apple supplier Jabil, Adani partner to build AI data center infra platform in India
June 15 : Electronics manufacturer Jabil and India’s Adani Enterprises on Monday announced a partnership to build an integrated AI and data center infrastructure manufacturing platform in the country.• The platform will serve the infrastructure needs of global hyperscalers, co-location facilities and enterp
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Anthropic pursues data center leases, seeks financial backing from Google, The Information reports
June 11 – AI firm Anthropic is planning to lease and manage its own data centers and is seeking financial backing from Alphabet’s Google for the lease payments, The Information reported on Thursday.Here are some details:• Anthropic, the creator of the Claude Code AI assistant, has signed more than a
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OpenAI weighs leasing Ohio data center with Nvidia backing, The Information reports
June 9 : OpenAI is in negotiations to lease a proposed 10-gigawatt data center campus on federal land in Ohio, in a deal that could include financial backing from Nvidia, The Information reported on Tuesday, citing two people with direct knowledge of the discussions.Reuters could not immediately verify the re
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