GDS secures $270m green financing for Johor data center
Funding provided by four financial institutions
Funding provided by four financial institutions
From a combination of existing and new investors
Along with dramatic cut to compute revenue
The job cuts could reach tens of thousands
Revenue increased 6.4 percent year over year
Plans to invest in VMware products further
Second largest issuance for data centers in Brazil
Facility listed by Five 9s, available in 2024
Angeles Equity Partners-owned company enters Southeast of US
Value of deal not shared
Construction has begun at the site
Company also making progress on merger with US Bitcoin Corp
Boards of both companies approve deal unanimously
Even cannabis companies are hopping on the AI hype
Shares fall amidst concerns about security risks of sale to a foreign company
Company also announces new CEO
Edge and private 5G provider finishes Series A financing
Money will be used to "expand business"
Company's largest debt transaction will be used to refinance eight data centers
BT-owned network of hidden WWII tunnels purchased by new company the London Tunnels
Company will focus on North America market
Company bought for ~$200,000 after entering administration in August
Company counts Nvidia as a strategic investor
Deal closes on schedule just a few months after being announced