Mastercard to invest €250m in three data centers in France
Mastercard will invest about €250 million to establish three new data centers in France as part of a strategy to localize its payments infrastructure and strengthen resilience against geopolitical or natural disruptions. The new sites will join more than a dozen data centers the company already operates in Europe and around 60 globally, most of which are housed in colocation facilities.
In a company announcement, Mastercard said the expansion is meant to create a sustainable, distributed network capable of running anywhere to ensure always-on operations. In addition to its physical data centers, the company also uses AWS and Microsoft Azure for internal applications, while competitor Visa is similarly expanding its own data center footprint.
Hive Digital to expand hydropowered Yguazú data center in Paraguay to 400MW
Hive Digital is expanding its hydro-powered Yguazú data center in Paraguay by 100MW, bringing the campus to a total of 400MW. Powered exclusively by the 14GW Itaipú Dam, the site will begin construction on the new phase in early 2026 and aims for full commissioning by Q3 2026. The company acquired the facility from Bitfarms in January 2025 and has already completed two build phases that brought it to its current 300MW capacity. The site currently mines around 8.5 BTC per day, and the expansion supports Hive’s goal of reaching 35 EH/s by 2026.
“This additional 100MW expansion brings Yguazú to full design capacity,” said Gabriel Lamas, country president of Hive Paraguay. Executive chairman Frank Holmes added that the project exemplifies Hive’s long-term strategy of “scaling sustainable, low-cost digital infrastructure powered entirely by renewable energy.” Paraguay’s pro-crypto policies — including tax exemptions on mining energy use until 2027 — have supported the sector’s rapid growth. Once this phase is complete, Hive will operate 540MW of renewable infrastructure across Paraguay, Canada, and Sweden.
Prologis acquires land outside Cincinnati, Ohio, for potential data center
Prologis has purchased 141 acres in Trenton, Butler County — about 30 miles north of Cincinnati — for $7.7 million, in what appears to be preparation for a 1 million sq ft data center project. The land, located in the Trenton Industrial Park near the Molson Coors brewery, was confirmed by the company and follows zoning ordinance changes earlier this year to allow data centers in the industrial district.
The logistics giant has been moving deeper into digital infrastructure and currently reports 1.4GW of secured power for data centers with another 1.6GW in procurement and a long-term goal of 10GW over the next decade. Prologis has active or planned data center projects across multiple US states and France. Cincinnati is not a major data center hub, though operators like Flexential, DataBank, H5, DartPoints, Lumen, and CyrusOne are present in the region, and another Butler County data center was approved in Hamilton last year.
Cryptominer Hive Digital acquires Toronto data center for HPC and AI
Crypto mining firm Hive Digital has bought a 7.2MW data center in Toronto to repurpose it for high-performance computing and AI through its subsidiary Buzz HPC. The Tier III-quality facility will be upgraded with liquid-cooling and could eventually support up to 5,000 GPUs to power AI training, inference and cloud services for Canadian enterprises and government, with an emphasis on data sovereignty and national infrastructure. Craig Tavares of Buzz HPC said the Toronto location offers the fiber density and AI research ecosystem needed to anchor a sovereign AI data center in Canada.
Hive — which mines in Canada, Sweden, and Paraguay — is expanding into HPC as AI compute demand surges. Buzz already operates 2.2MW across Stockholm and Montreal, while Hive’s wider footprint includes a 30MW site in Quebec, a 70MW site in New Brunswick, a 32MW site in Sweden, and developing sites in Paraguay. HIVE CEO Aydin Kilic said the move strengthens the firm’s strategy to grow a Canadian-owned, liquid-cooled infrastructure platform for next-generation AI and HPC workloads.
Google behind 390-acre data center development in Morgan County, Indiana
Google is planning a data center campus on 390 acres in Morgan County, Indiana, with filings indicating up to five buildings could be built — four data centers and one smaller facility. “In Indiana, we can confirm we are exploring a potential development in Morgan County, Indiana,” a Google spokesperson said, following confirmation from the Morgan County Economic Development Corporation. The land, made up of 18 parcels owned by 10 entities, was approved for rezoning in late September.
Local officials expressed support, with Mike Dellinger saying the project could bring jobs and investment “without raising taxes on our residents.” Google is already expanding its footprint in Indiana, including a $2bn campus in Fort Wayne and previously explored a development in Franklin Township before withdrawing due to community pushback.
Hong Kong’s Grand Ming nears deal to sell data center business to Actis
Hong Kong real estate firm Grand Ming is close to selling its four data center assets to London-based fund manager Actis for around HKD$5.25 billion (US$675 million), according to sources cited by Mingtiandi. The portfolio includes two live facilities — iTech Tower and iTech Tower 2 — and two under development, iTech Tower 3.1 and 3.2, all located in Hong Kong. Grand Ming had previously been in talks with Bain Capital, but that deal collapsed in September after the parties “were unable to align on certain key commercial terms.”
Under the new proposed agreement, Actis would acquire 100 percent equity in Grand Ming subsidiaries linked to the data center business. Grand Ming first signaled a sale last month via a non-binding indicative term sheet with an unnamed buyer, now identified as Actis. The fund has been actively investing in digital infrastructure globally, including acquiring Telkom’s Swiftnet towers in South Africa and launching its Epoch Digital platform in Asia.
OpenAI, Oracle and Vantage to build $15 billion Wisconsin data centre campus
OpenAI, Oracle, and Vantage Data Centers are investing over $15 billion to build a hyperscale data center campus in Port Washington, Wisconsin — part of the broader Stargate program to deploy up to 4.5GW of AI capacity in the US. The “Lighthouse” campus will consist of four facilities totaling nearly 1GW, with construction starting soon and completion targeted for 2028. The project is expected to generate more than 4,000 construction jobs and over 1,000 long-term positions, run largely on zero-emission energy without increasing local rates, and contribute about $2.7 billion to the regional GDP. Vantage will deploy closed-loop liquid cooling, fund water restoration for water positivity, and preserve portions of the 672-acre site.
Mahesh Thiagarajan, executive vice president of Oracle Cloud Infrastructure, said: “We’re pleased to work with Vantage Data Centers as we continue to rapidly expand our cloud capacity to meet the growing demand for AI. Oracle’s highly performant, secure, and cost-effective AI infrastructure is fuelling a new era of innovation that will fortify American leadership in AI worldwide.”
Alibaba Cloud launches second data centre in Dubai, backed by $53 billion investments
Alibaba Cloud has launched its second data center in Dubai during GITEX Global 2025 as part of a wider expansion plan backed by a US$53 billion investment in AI and cloud infrastructure over the next three years. The new facility will increase capacity for cloud-native, AI, and big data services, improving resilience, network performance, and disaster recovery for regional customers. Eric Wan, vice president of Alibaba Cloud International, said the Middle East’s rapid AI adoption and collaborative ecosystem make it a strategic market for growth.
The company also revealed new partnerships across finance, healthcare, gaming, media, and internet sectors, including Wio Bank and BYOND Asia, which will leverage Alibaba’s UAE infrastructure for AI deployment and scalable workloads. Beyond the UAE, Alibaba Cloud also operates two data centers in Riyadh through its Saudi Cloud Computing Company joint venture.
Meta forms $27bn joint venture with Blue Owl to fund gigawatt-scale AI data center campus in Louisiana
Meta has formed a $27bn joint venture with Blue Owl Capital to fund and build the Hyperion AI data center campus in Louisiana, which could scale to several gigawatts. Blue Owl will own 80% and Meta 20%, with Meta leasing all facilities once built and guaranteeing the JV for 16 years if leases are not renewed. Construction will run in phases through 2030.
In July, Meta CEO Mark Zuckerberg said the company plans to spend “hundreds of billions of dollars” on AI data centers and is building several multi-gigawatt clusters: “We’re calling the first one Prometheus… We’re also building Hyperion, which will be able to scale up to 5GW… Just one of these covers a significant part of the footprint of Manhattan.”
BGO secures $260m for US data center development
Real estate investment firm BGO has raised a $260 million co-investment vehicle — alongside its $800m US Industrial Strategies I fund — to accelerate data center development in the United States. Working with partner NorthPoint Development, BGO says it is close to securing power for up to 800MW of capacity, enabling as much as 3.2 million sq ft of new data center space across several shovel-ready sites with access to substations, transmission lines, and fiber.
The Industrial Strategies I portfolio spans more than 1,500 acres and eight projects, including three data center sites. To date, 6.4 million sq ft has been built and 5 million sq ft leased to institutional tenants. BGO’s co-CEO John Carrafiell said investor conviction reflects the firm’s ability to deliver “state-of-the-art, power-hungry digital infrastructure” by combining real estate execution with energy expertise. BGO also invests in Nordic operator Bulk and two former IBM facilities in Canada, and has launched its European BGO DataCenters platform.
STT GDC India to invest up to ₹ 5,000 crores in Maharashtra
ST Telemedia Global Data Centres (India) has signed an MoU with the Government of Maharashtra to invest up to ₹5,000 crore (~US$569 million) to expand its data center parks in Mumbai and Pune, including a new 27-acre AI-ready campus in Palava. The project is expected to create more than 500 skilled jobs and around 2,000 indirect employment opportunities. “We are honored to work with the Government of Maharashtra and deepen our presence in this vibrant state,” said Bruno Lopez, President and Group CEO, ST Telemedia Global Data Centres. “This collaboration underscores our shared commitment to accelerating digital transformation and positioning Maharashtra as a preferred destination for global technology infrastructure.”
Bimal Khandelwal said the new sites will be “scalable, sustainable and AI-ready data centre campuses featuring advanced liquid cooling technologies,” while Maharashtra Chief Minister Devendra Fadnavis called the deal “a major milestone in advancing the State’s digital ambitions” and pledged government support for timely execution. The expansion strengthens STT GDC India’s national footprint across 10 Indian cities.
Datavault and T4 expand DC operations in New Zealand
Datavault is expanding in New Zealand, taking over operations of Vital’s Wellington data center at Lambton Quay under an O&M agreement with plans to modernize it to Tier III and integrate it into its Auckland/Hamilton portfolio. The company also opened a fourth hall in Auckland and continues to position itself as a sustainable, carrier-neutral provider with low PUE and high-density support.
T4 New Zealand Data Centres has launched “Tihi,” a Tier 3+ facility in Auckland designed by IBM and certified for government workloads, located outside volcanic, flood, and flight-risk zones. The site offers ~500 racks, dual power and fiber, ISO certifications, and chilled-water capacity “ready for AI.” Chorus also launched Express Connect at the site. T4 is 100% NZ-owned with partial Māori ownership, emphasizing sovereign data infrastructure.
Goodman acquires San Jose property being rezoned for data center development
Goodman has acquired a 46.8-acre property in San Jose, California, for $200 million as the site undergoes rezoning for data center development. The land at 350 and 370 W. Trimble Road — currently occupied by Lumileds — was previously filed by LBA Realty for plans to build two data centers totaling more than 414,000 sq ft (38,500 sqm), along with offices and a substation. The purchase comes as Goodman continues expanding into the data center market, with projects across multiple regions and a claimed 5GW global power bank in various stages of development.
Starcloud aims to deploy first orbital AI data centre in November launch
Starcloud, incubated by Nvidia and Google, plans to launch its first orbital AI data center prototype in November as part of a vision to build 4km-long, solar-powered data centers in low Earth orbit that could generate 5GW each and operate with far less cooling and emissions than Earth facilities. “In space, you have access to a low-cost, almost limitless renewable energy source,” said founder Philip Johnston. “The only environmental cost will be the launch itself.”
The first module will carry Nvidia H100s to process satellite data in orbit, speeding tasks like weather forecasting and wildfire detection. “The systems combining cameras, hyperspectral imaging sensors and synthetic aperture radars generate vast data flows – up to 10 gigabytes per second,” Johnston said. Future versions are planned with Nvidia Blackwell GPUs as Starcloud bets orbital compute could supplement terrestrial capacity within the decade.
