CapRE’s Data Center Industry Round Up for January 3

Check out the latest in deals, development and disruptive technology in the data center space for January 3, 2019:

  • Russian Crypto-Miners Get Cut Off: Chernomorenergo, the state electric utility of the Republic of Abkhazia in Russia has cut the power supply to over a dozen crypto-currency mining farms. The power for fifteen farms totaled 8,950 kilowatt-hours (kWh), or the equivalent of 1,800 households. The utility’s press release cites “temporary measures to limit the consumption of electricity by certain categories of subscribers” (Russian translated by
  • New SquareSouth Korea Doubling Down on Data: The Army of South Korea announced just before the new year that they will open a new research institute focusing on artificial intelligence, big data. The AI Research and Development Center, under the Republic of Korea’s Training & Doctrine Command, will employ over four dozen military and civilian personnel. “Should we secure AI capabilities based on big data by capitalizing on the human resources that the Army has, I am convinced that we will be able to become a first mover in future battlegrounds and contribute to the national interest,” said Brig. Gen. Kim Yong-sam, the chosen leader of the center, in a statement.
  • Globe Telecom Joings the Gaming Sector: TelecomAsia is reporting that Globe Telecom, out of the Philippines, has entered into a joint venture with TechZone Philippines to provide data center services to local IT gaming enterprises. “TechGlobal Data Center will provide services from TechGlobal’s carrier-neutral data center in the Philippines, which is currently being operated and maintained by Globe Telecom’s Data Center Operations team. According to TechGlobal CEO Mike Frausing, the joint venture forms part of Globe Telecom and TechZone’s efforts to address the growing requirements of enterprises that need higher power output and extra layers of security,” reads the report, which featured an interview with Frausing.
  • New Report Says European Cooling Market to Reach $6 Billion USD by 2024: Graphical Research has release a market report on the European data center cooling market, estimating that it will hit a value of $6 Billion USD by 2024, due to growing data storage requirements in Europe. The authors note that the growth being fueled by the adoption of Cloud Computing and connected technologies. The report also features analysis of the major movers and shakers in cooling, including Schneider Electric, Asetek, Rittal GmbH, Climaveneta, Black Box Corporation, Condair Group AG, Nortek Air Solutions, AdaptivCOOL and Airedale International Air Conditioning Ltd.
  • Samsung Files for Crypto-Wallet Patent: Samsung has submitted an application to the United Kingdom’s Intellectual Property Office to trademark its crypto-currency wallet. This news comes only days after HTC, Samsung’s rival smartphone manufacturer, announced the successful integration of Brave, a blockchain-based browser on its Exodus 1 phone. As expected, the crypto-wallet will enable smartphone users to manage crypto-funds as well as make payments to other parties via third-party application software.