M&A, telcos, capital raises, NVIDIA earnings, GPU nodes, product development, APAC
A busy week saw M&A and strategic activity, product development from the cloud infrastructure side, data centre development momentum in APAC and more movement in GPUs.
There were a pair of notable transactions in the US data centre market. Colohouse acquired Florida-based Hivelocity as it looks to add to its existing mixed services portfolio, while expanding its geographic footprint. Another deal saw LightEdge acquire Connectria in a deal also meant to expand the acquirer’s product capabilities (we will have more details next week). Meanwhile, there has been some movement with another telco data centre portfolio as Rogers in Canada is said to be actively considering a divestment.
In other strategic developments, Arkon Energy raised $110m as it is the latest to cross over from bitcoin to data centres, while STACK Infrastructure closed a green financing round. Meanwhile, fast-rising CoreWeave was reported to be looking to raise more capital.
CoreWeave’s momentum speaks volumes and there continues to be accelerating momentum around GPUs. We take a look at NVIDIA’s results from 4Q23, which includes a number of useful data points. Elsewhere, others like Lambda are raising large amounts of capital to fund GPU procurement, while the likes of Vultr are building out as well and targeting AI-ready facilities. Vultr’s new location in APAC is in a Singtel data centre geared for housing GPUs.
There was also significant activity in the area of product development. OVHcloud partnered with OneNeck to enable managed Nutanix services, Vultr released a new offering for serverless AI inferencing and Akamai partnered with Neural Magic to enable AI workloads to run at the edge, but on CPUs.
Finally, in APAC we saw a number of notable developments. Princeton Digital Group completed a core and shell for its data centre in Tokyo and GDS partnered with Gaw Capital for a new project in Tokyo as well. Elsewhere, NTT GDC broke ground on a third Bangkok data centre.
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