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CapRE’s Data Center Industry Round Up for January 10

Jan 10, 2018
by Josh Anderson

Check out the latest in deals, development and disruptive technology in the data center space for January 10, 2018:

  • Virginia Beach Institutes Tax Cut for Data Center Equipment: In an attempt to lure data center operators to their burgeoning municipality, Virginia Beach has dropped their tax rate on data center equipment from $4 per $100 of investment to just 40 cents per $100. This is a natural next step for the region, which is heating up as Ashburn and surrounding areas experience peak absorption. Virginia Beach has also passed measures to ensure data centers enjoy stable operation costs, competitive energy rates and tailored business assistance initiatives.
  • Riot Blockchain Establishes Digital Green Energy Corporation as Subsidiary: Riot Blockchain has been identifying environmentally friendly projects with large energy capacity and a cost-efficient rate for cryptocurrency mining and data center operations, and yesterday announced Digital Green Energy Corp would become their subsidiary. They have appointed Daniel Stefan Robertsen as President, to begin work on January 24.
  • SH Data to Open Tier III in Knoxville, TN:  SH Data Technologies has announced they will begin construction on a Tier III data center at 901 E Summit Hill Avenue in East Knoxville, the first high-density data center in the state of Tennessee.  SH plans to name the facility “The Fort.” Groundbreaking has been slated for January 29. “What makes The Fort unique is our power capabilities,” Frank Hutchison, president of SH Data Technologies, said in a press release. “We will have two separate power feeds from our partner, Knoxville Utilities Board (KUB), which provides Tier IV power capabilities. Coupled with our cloud services and disaster recovery capabilities, The Fort will offer businesses a way to safely manage and scale their data with first-class technology.”
  • T5 Lands 2nd Pre-Lease for T5@Chicago Project: T5 Data Centers announced another pre-lease within the second phase 2 of the T5@Chicago build-out. This is the second pre-lease with an enterprise company for T5 Data Centers in Chicago. This S&P 500 Client reportedly needed immediate access to a Tier III data center in the Chicagoland area, but more importantly, that data center had to be both customizable and meet the stringent security and administrative criteria of highly regulated companies. “This was an incredibly fast transaction that incorporated several important factors including a creative growth structure and a flexible ramp schedule,” said David Horowitz, VP of Sales and Marketing for T5 Data Centers.
  • NOAA Will Upgrade Supercomputers in Reston & Orlando Data Centers: The National Oceanic and Atmospheric Administration has announced that they will upgrade the supercomputers used to monitor and predict weather in Reston, Virginia & Orlando, Florida. The upgrade will result in a 33% increase to the data centers’ compute power as well as a 60% in storage capacity. The new supercomputers will be among a select number of systems worldwide that boast the ability to process at least 8 quadrillion calculations per second.
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