APAC, UK, LatAm, AWS, hyperscale, strategic plays, global markets, bitcoin to infrastructure
The past week saw cloud and data centre expansion activity around APAC, the UK and Brazil, while there were more strategic developments and continued movement with the ongoing transition of bitcoin and cryptocurrency companies to data centre and cloud infrastructure.
APAC saw a number of notable developments. AWS confirmed plans to invest $5b in Thailand as it gets ready to bring its cloud infrastructure region online, while a new job listing revealed details about AWS’s APAC expansion plans and the likelihood that it will continue to self-build data centres aggressively.
There was meaningful activity in the UK as well. Global Technical Realty is completing its Slough campus development and Microsoft bought more land for self-builds. Meanwhile, in Brazil, Scala began a data centre build in Fortaleza, ODATA began work on its fifth data centre in Brazil and Elea Digital was active in this market as well.
On the strategic side, we saw Vantage Data Centers bring in a new investor, euNetworks secured more funding and CyrusOne closed on debt capital for its development efforts.
Finally, there continues to be a large-scale shift into the data centre and Internet infrastructure business from the bitcoin world where companies have procured land and power, but now see the AI and HPC markets as healthier sources of demand for these resources. Hut 8 entered into a PPA and is set to bring a significant amount of capacity into the market in west Texas that will be productized as data centre colocation infrastructure.
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