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Data Center News > Blog > Investments > Show Me The (Data Center) Money
Investments

Show Me The (Data Center) Money

Last updated: June 2, 2024 9:54 am
Published June 2, 2024
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Latest headlines within the knowledge middle trade have featured some massive greenback indicators, as famous by Eric Norlin over on the NGDC blog. “How do I do know that the information middle shall be an enormous subject over the subsequent 3-5 years?,” Eric writes. “It is the place the cash is.” His put up was prompted by the $600 million (or maybe $1.8 billion) pricetag for Google’s knowledge middle in North Carolina.

In relation to knowledge middle funding, Google’s high-profile tasks are simply the tip of a a lot bigger iceberg. How huge is that spending? Here is a fast abstract of a few of our headlines from June:

  • $600 million: Funding introduced by Google in its new knowledge middle in Council Bluffs, Iowa (June 12).

  • $482 million: Quantity Equinix can pay to amass IXEurope (June 28)

  • $250 million: Complete new financing for Terremark to finance its growth and and buy of Information Return (June 12)

  • $100 million: Deliberate funding by TeleCityRedbus in its new London knowledge middle (June 21)

  • $100 million: Growth financing introduced by Navisite Inc. (June 9)

  • $90 million: Anticipated value for Equinix to purchase a Los Angeles knowledge middle and broaden its present Santa Clara facility (June 14)

  • $86 million: Funding by IBM to improve its Boulder, Colo. knowledge middle with the corporate’s newest energy-efficient expertise (June 22)

  • $70 million: Funding by Mellon Financial institution to improve its year-old knowledge middle close to Pittsburgh (June 27)

  • $40 million: Sum of money Internap will spend to broaden its colocation area (June 12)

  • $3 million: Price of six new turbines being bought by The Planet, a Dallas devoted internet hosting supplier (June 6)

That works out to $1.57 billion in introduced spending for knowledge middle building or growth tasks, and one other $350 million in financing to fund knowledge middle expansions. And that is only one month, and solely what’s being introduced publicly. Maintaining in thoughts the Struggle Membership Rule of Information Middle Secrecy, it is doubtless that there are lots of different tasks that are not being publicized. How huge is knowledge middle spending? Suffice to say that it is one huge honking iceberg.

See also  Investors Buy 50 Acres in Irving for Data Center

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