Check out the latest in deals, development and disruptive technology in digital infrastructure for January 14, 2020:
- CyrusOne Announces Cost Reduction Initiative and European Leadership Transition: CyrusOne has announced a workforce reduction, effective immediately, that impacts 55 employees, representing approximately 12% of the Company’s workforce. Affected employees will receive severance, and customary transition assistance will be provided. Additionally, the Company announced that it has mutually agreed with Tesh Durvasula, President of Europe, that he will leave CyrusOne to pursue other interests, effective March 1, 2020, and remain in a consulting role through June 30, 2020. Matt Pullen, Managing Director of Europe, will assume his responsibilities.
- Macquarie to Acquire AirTrunk: Bloomberg is reporting that Macquarie will acquire AirTrunk for $2.1 Billion USD. “Macquarie Infrastructure & Real Assets signed a deal this week to take control of the business, according to the people, who asked not to be identified because the information is private. AirTrunk CEO Robin Khuda will keep a minority stake after the transaction, the people said,” reads the report. “AirTrunk is currently owned by investors including Goldman Sachs Group Inc.’s special situations arm and TPG Sixth Street Partners. Bloomberg News reported earlier this month that MIRA had entered advanced discussions on a deal after being named the preferred bidder.
- IPI Scoops Up Santa Clara Site Leased to AWS: Chicago-based IPI Partners will buy an industrial building at 2305 Mission College Blvd. in Santa Clara, which will enable AWS to lease the property and gain an option to buy the site, according to Mercury News. “IPI Partners paid $101.4 million for the industrial building, according to property documents filed on Dec. 24. Minnesota-based developer Oppidan Inc. also gained an ownership interest in the building through the property purchase, the county documents show,” reads the news. “The building, totaling 359,000 square feet, is near the corner of Mission College Boulevard and Agnew Road, a short distance from the Intel world headquarters and museum complex…Amazon Web Services gained a right to make the first offer to buy the property, as well as the right to be the first to refuse to buy the site.”
- SAIC Lands $727 Million USD Deal to Migrate Air Force & Army Data to the Cloud: The Washington Business Journal is reporting that Science Applications International Corp has inked a massive contract to help migrate Air Force and Army capabilities to the cloud. “The Reston contractor inked a contract to spin up the Air Force’s Common Computing Environment (Cloud One), which will call on it to migrate close to 800 mission applications to a common cloud environment. The business is worth up to $727 million,” writes the Journal. “The capabilities that cloud computing offers have been highly sought-after by the armed services, who are collaborating on best practices as they ramp up their respective cloud environments.”
- Riot Blockchain Receives Initial Order of Bitmain S17 Pro Antminers, Commences Deployment at Oklahoma City Mining Facility: Riot Blockchain has received approximately 3,000 S17 Pro Antminers from BitmainTech, arriving at Riot’s Oklahoma City mining facility in late December 2019. The Riot team has commenced deploying the new S17 Pro generation miners. This initial purchase was previously announced on December 4, 2019. The deployment of the new miners is advancing rapidly, and Riot has secured additional temporary labor to accelerate the upgrade process. Riot anticipates receipt of the second order of 1,000 S17 Pro Antminers from Bitmain during January 2020, as previously announced by the Company on December 12, 2019. Assuming a late January 2020 receipt of the second Bitmain order of 1,000 S17 Pro Antminers, as scheduled, the full upgrade of its Oklahoma City mining facility to the new S17 Pro generation of miners could be completed over approximately the next four weeks.