CapRE’s Data Center Industry Round Up for May 31

Check out the latest in deals, development and disruptive technology in the data center space for May 31, 2018:

  • HashChain Sends Additional 1,625 Rigs to Montana Cryptocurrency Mining Facility: HashChain Technology Inc. has announced the distribution of 1,625 additional cryptocurrency mining rigs at their Montana data center. With 1,870 rigs currently in use, HashChain mines with a total of 3,495 Rigs utilizing almost 4.6 MW of computing power. 100 GPU rigs are in operation for mining Dash digital currency, and 3,395 ASIC rigs for mining Bitcoin. Patrick Gray, CEO of HashChain, describes in a statement, “We are committed to scaling our mining operations amidst a rapidly consolidating market that requires aggressive growth. Just a little over five months ago, the Company was operating with only 100 GPU rigs, and now we are poised to deploy a total of 9,495 rigs before the end of July 2018 upon successful completion of our recently announced acquisition.”
  • data center summitMicrochip Procures Microsemi for $10.3 Billion: Microchip Technology Inc. finished the purchase of Microsemi Corporation for $10.3 billion USD. Microsemi’s large focus on innovation and continued investment on research & development has been the primary driver behind its expanding product portfolio. Microsemi also gained from strong demand for its products in data centers and aerospace and defense market. Microchip’s interest in Microsemi can be attributed to significant need demand for Microsemi’s solutions in Data Center, Communications, Defense and Aerospace markets. Continued procurements like SMSC, ISSC, Micrel and Atmel expanded Microchip’s product portfolio and collaboration with Amazon Web services to service AWS offerings looks great for the Microchip’s growth.
  • Apple Finalizes Purchase of 1,400 Acres as Farmland for Data Center Needs: Apple Inc. has utilized $68.4 million USD to gain 2,042 acres of private property, mostly farmland, in southwest Waukee, an expansive area of land the city appropriated last year to help accommodate the Apple’s plans for a multibillion-dollar data farm. As stated, “Sellers include longtime holders of family farms and a few land buyers who scour the earth looking for land that stands in the path of future development.”
    Dan Dutcher, the city of Waukee community and economic development director, supported Apple representatives making first contacts with landowners and said Apple signed agreements to maintain farming operations on approximately 1,400 acres of land Apple gained for the data center.
  • Facebook to Construct Large Utah Data Center: Facebook has chosen to construct a data center in Utah on a 490-acre site, as publicized by the social media company and government officials. The Eagle Mountain, Utah, site will be 970,000 square feet and located about 15 miles south of a National Security Agency data center in Bluffdale, Utah. Rachel Peterson, vice president of data center strategy at Facebook, said in a news release, “After a thorough search, we selected Eagle Mountain for a number of reasons – it provides good access to renewable energy, a strong talent pool, and a great set of partners.”
  • Facebook Set to be Banned in Papua New Guinea For Month: Papua New Guinea plans to ban Facebook for one month to find fake profiles and deliberate the website’s effect on the country. Communication minister Sam Basil insinuated the country may create its own rival social network. Approximately 10% of people in Papua New Guinea have internet access, but the country stays hands-on in its parameters of online services. The government plans to utilize the month-long ban to examine how Facebook is used and prosecute those breaking the country’s 2016 cyber-crime law. Mr Basil stated in the country’s Post-Courier, “The time will allow information to be collected to identify users that hide behind fake accounts, users that upload pornographic images, users that post false and misleading information.”