Data Center Investment News — 03/07/2026

July 3, 2026

Written by Angela Cáceres, Ensar Aljimi

Kuok Group Plans $5.3bn Milan Data Campus Investment

Singapore-based conglomerate Kuok Group has unveiled plans for a $5.3 billion data center campus in Milan, marking a significant push by the diversified investment group into Europe’s digital infrastructure sector. The project underscores growing interest from non-traditional infrastructure investors in the region’s colocation and hyperscale capacity, as Italy continues to position itself as an emerging alternative to more saturated markets like Frankfurt, London, and Amsterdam.

The Milan campus is expected to serve both hyperscale cloud tenants and enterprise customers, capitalizing on the city’s improving connectivity and proximity to major fiber routes linking northern Europe to the Mediterranean. As power availability becomes an increasingly decisive factor in site selection across the continent, the scale of this commitment signals confidence in Milan’s long-term grid capacity and renewable energy pipeline.

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Australian Stargate Data Center in Sydney Will Offer 612MW of Capacity

A newly disclosed data center project in Sydney, developed under the Stargate banner, will deliver 612MW of capacity, placing it among the largest AI-focused facilities announced in the Asia-Pacific region to date. The development reflects the accelerating global race to secure gigawatt-scale power allocations for AI training and inference workloads, with Australia emerging as a credible contender given its renewable energy resources and stable regulatory environment.

The scale of the Sydney project also highlights the increasingly international footprint of the Stargate initiative, which has primarily been associated with US-based buildouts. Local utilities and grid operators will face mounting pressure to expedite interconnection approvals as similar hyperscale proposals multiply across the country’s east coast.

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South Korea Announces $9.19bn Investment Into Three Mega Projects, Plans to Build 18.4GW Worth of Data Centers by 2035

South Korea has outlined a national strategy to invest $9.19 billion across three flagship data center mega-projects, part of a broader ambition to build out 18.4GW of data center capacity by 2035. The plan represents one of the most aggressive government-backed digital infrastructure commitments announced in Asia, positioning the country to compete directly with the US and China for AI compute leadership.

The initiative is expected to combine public and private capital, with an emphasis on securing dedicated power generation and grid upgrades to support the scale of the buildout. If realized, the program would substantially reshape South Korea’s energy planning and reinforce Seoul’s ambitions to become a regional hub for AI infrastructure and semiconductor-adjacent industries.

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Gigawatt-Scale Behind-the-Meter Data Center Campus Proposed in Australia’s Northern Territory

A gigawatt-scale data center campus has been proposed for Australia’s Northern Territory, with developers pursuing a behind-the-meter power arrangement to bypass constraints on the public grid. The approach, increasingly common among AI-focused hyperscale projects, allows developers to co-locate generation assets directly with compute infrastructure, sidestepping lengthy interconnection queues.

The Northern Territory’s abundant land and renewable energy potential make it an attractive, if unconventional, location for large-scale digital infrastructure. Should the project advance, it would mark one of the most significant industrial investments in the region’s history and could accelerate similar behind-the-meter proposals elsewhere in Australia.

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Digital Realty to Acquire Blackstone’s Stake in Three Virginia Data Centers for $3.5 Billion

Digital Realty has agreed to acquire Blackstone’s stake in three Virginia data centers for $3.5 billion, consolidating full ownership of assets located in the world’s largest data center market, Northern Virginia. The transaction reflects continued consolidation among institutional owners as demand for hyperscale capacity in the region shows no sign of slowing.

The deal also illustrates the growing appetite among REITs and infrastructure funds to buy out joint-venture partners as asset valuations climb. With Northern Virginia facing persistent power constraints, full ownership of stabilized, already-energized capacity carries a premium, and this acquisition is likely to be closely watched as a benchmark for future transactions in the corridor.

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Virtus to Develop 325MW Data Center in Slough, UK

Virtus Data Centres has announced plans to develop a 325MW data center in Slough, reinforcing the Thames Valley town’s status as one of the UK’s most established data center clusters. The project adds meaningfully to the pipeline of new capacity in a market where grid connection availability remains one of the primary bottlenecks to growth.

The scale of the Slough development points to sustained hyperscale and enterprise demand in the London metro area, even as developers increasingly look further afield to secure power. Virtus’s continued investment in the region signals confidence that connection upgrades and renewable procurement will keep pace with the UK’s broader digital infrastructure ambitions.

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Crusoe to Invest $10bn in Data Centers in Israel Over Next 10-15 Years: Report

Crusoe Energy is reportedly planning to invest $10 billion in data center infrastructure in Israel over the next decade to fifteen years, according to a new report. The move would represent one of the largest foreign direct investments in Israeli digital infrastructure to date and reflects Crusoe’s ongoing expansion beyond its origins as a flared-gas-powered compute provider.

If confirmed, the investment would position Israel as a notable new front in the global AI infrastructure buildout, leveraging the country’s strong technology sector and government interest in attracting large-scale capital. The long investment horizon suggests a phased development strategy, likely tied to power procurement and site acquisition milestones.

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1.5GW Data Center Campus Proposed in Devon, UK

A proposed 1.5GW data center campus in Devon would rank among the largest single-site developments ever put forward in the UK, extending the hyperscale buildout well beyond the traditional London and Slough corridors. The scale of the proposal reflects developers’ growing willingness to pursue greenfield sites in less conventional locations where power and land are more readily available.

Devon’s rural setting presents both opportunities and challenges: while the region offers space and potential renewable generation capacity, developers will need to navigate local planning processes and demonstrate that grid infrastructure can be upgraded to support gigawatt-scale demand. The outcome could serve as a bellwether for further regional expansion of UK data center development.

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Galaxy Digital Eyes Second Texas Data Center Site, Buys Land Outside Waco

Galaxy Digital has acquired land outside Waco, Texas, for a second data center site in the state, building on its existing digital infrastructure footprint as it pivots further into AI and high-performance computing hosting. The move reflects Galaxy’s broader strategic shift from its crypto-mining roots toward diversified digital infrastructure services.

Texas continues to attract data center developers thanks to its favorable regulatory environment, competitive power pricing, and independent grid operator, ERCOT. Galaxy’s expansion into a second site suggests strong customer demand for its existing Texas capacity and confidence in the state’s ability to support continued growth despite well-documented grid strain concerns.

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Plans Announced for Hyperscale Data Center in Philippsburg, Germany

Plans have been unveiled for a hyperscale data center in Philippsburg, Germany, a town notable for its former nuclear power plant site, which may offer developers existing grid connection infrastructure well-suited to large-scale power draws. The project adds to a wave of German data center announcements as operators seek sites with strong power access amid the country’s broader energy transition.

Germany remains one of Europe’s most important data center markets, but capacity growth has been constrained by lengthy grid connection timelines and stringent planning requirements. A site with pre-existing high-voltage infrastructure, such as a decommissioned power plant location, could offer a faster path to energization than a typical greenfield development.

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Mystery Tech Firm Looks to Build 800-Acre Data Center Campus Outside Grand Rapids, Michigan

An unnamed technology company is reportedly pursuing an 800-acre data center campus outside Grand Rapids, Michigan, continuing a pattern of large hyperscale developments being pursued under confidentiality agreements before a tenant is publicly disclosed. The scale of the land acquisition suggests plans for a multi-phase, gigawatt-class campus rather than a single facility.

Michigan has increasingly courted data center investment through tax incentives and its access to Great Lakes water resources for cooling, making it an attractive alternative to more established Midwest markets. Local officials and community members will be watching closely for further details on the developer’s identity and the project’s ultimate power requirements.

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Alto Infrastructure Launches a 70MW AI Campus in Granada With a Potential Investment of 3,000 Million

Alto Infrastructure has launched a 70MW AI-focused campus in Granada, Spain, with a potential total investment of 3,000 million, extending the wave of AI infrastructure development into southern Europe. The project adds to a growing list of Spanish data center announcements as the country leverages competitive renewable energy pricing and available land to attract digital infrastructure capital.

Granada’s emergence as a data center location reflects a broader trend of AI campus development moving beyond established European hubs in search of power availability and lower costs. Alto’s investment could catalyze further interest in the region from hyperscale and AI-native tenants seeking alternatives to congested northern European markets.

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Ada Infrastructure Breaks Ground on Data Center Campus in São Paulo, Brazil

Ada Infrastructure has broken ground on a new data center campus in São Paulo, marking further expansion of hyperscale and colocation capacity in Latin America’s largest data center market. The project reflects sustained investor confidence in Brazil’s digital infrastructure sector, driven by rising cloud adoption and growing demand for AI-ready facilities across the region.

São Paulo has solidified its position as the primary gateway for data center investment in South America, supported by improving international connectivity and a maturing regulatory environment. Ada’s groundbreaking adds to a broader trend of global operators and infrastructure funds deepening their presence in Brazil as regional demand for compute capacity accelerates.

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