ASP DC acquires site of planned 300MW data center campus in Pori, Finland
Norwegian operator ASP DC has acquired the 37-hectare CompassForge Real Estate I site in Pori, Finland, a planned data center project with up to 300–400MW of potential capacity. Construction is scheduled to begin in 2026, with the first 150MW phase expected to go live in early 2027; the campus, located in the Kupariteollisuuspuisto industrial area, may include up to six buildings and will integrate on-site energy solutions, including heat reuse.
“We are very pleased to have found an experienced new owner that is well-positioned to further enhance and drive future growth opportunities for the Pori data center project,” said Juuso Virtanen, chairman of CompassForge Ventures. Magnus Asp, owner and chairman of ASP DC, added: “The acquisition makes it possible to continue our exceptional journey… Our aim for Pori is that the data center will become the leading data center location in the Nordics, both in terms of technology and scale.” Seppo Ihalainen, partner at Ecogrid.Energy, noted: “The collaboration demonstrates that Finnish value-added innovation is in strong international demand… the data center plays an important role in supporting the power grid, rather than merely consuming electricity.”
India’s Adani Group set to invest up to $5bn in Google data center campus in Visakhapatnam
India’s Adani Group is set to invest up to $5 billion in Google’s planned hyperscale data center campus in Visakhapatnam through its joint venture AdaniConneX with EdgeConneX. According to Bloomberg, the total investment required for the gigawatt-scale campus is expected to reach $15 billion over a five-year period starting in 2026, making it one of India’s largest data center developments.
The project reflects growing interest among Indian conglomerates in expanding into AI and digital infrastructure. India’s data center pipeline continues to outpace live capacity, with just 1.2GW operational compared to 7.7GW currently under construction or in early development stages, highlighting strong demand for new hyperscale facilities.
600MW natural gas-powered data center campus proposed in Hubbard, Texas
A 600MW natural gas-powered data center campus has been proposed by Nexus Data Centers for a 2,000-acre site outside Hubbard, Texas, between Highway 171 and County Road 3369. The behind-the-meter facility would use natural gas turbines and backup diesel generators, and the company has already applied for permits for the power infrastructure. Project financing, timelines, and end customers have not been disclosed, though the scale suggests a hyperscaler target. Local officials were told the development could generate “significant tax revenue” and create hundreds of construction and operational jobs.
Nexus has partnered with AirJoule Technologies to deploy water-harvesting systems that use waste heat from onsite power generation and data center operations to extract water for use in cooling and electricity production, with deployment planned for the second half of 2026. “Identifying Nexus as our AI hyperscale collaborator underscores the progress we’ve made under our June Memorandum of Understanding and our path toward a first deployment of an industrial-scale water purchase agreement,” said Matt Jore, AirJoule Technologies CEO. Nexus CEO Ivan Van der Walt added: “Water sustainability is a critical consideration for data center operators. AirJoule’s waste-heat-to-water approach provides a superior solution by utilizing thermal energy we are already generating to produce high-purity water for electricity production and cooling systems, and the WPA framework aligns well with our financial objectives.”
Actis launches Latam-focused data center business
Actis has launched a new Latin America–focused data center platform called Terranova, which plans to invest $1.5 billion over the next three years to develop campuses across Brazil, Mexico, and Chile, with additional markets under review. The platform reportedly already has land and power secured totaling up to 1GW of capacity, with its first site in Querétaro, Mexico scheduled to come online in Q1 2026, followed by campuses in Campinas, Brazil in 2027 and in Chile between 2027 and 2028.
“Latin America is entering a new cycle of digital infrastructure growth, driven by cloud, AI, and enterprise demand,” said José Eduardo Quintella, CEO of Terranova. “Our focus is on disciplined growth – building reliable, scalable data centers that earn our clients’ trust through delivery, efficiency, and performance.” Mauricio Giusti, partner at Actis, added: “Terranova builds on Actis’ proven global track record in both energy and digital infrastructure. We see strong synergies between our existing data center operations in Asia and Terranova’s growth in Latin America. This collaboration allows us to deliver scalable, energy-efficient, and sustainable solutions for global and regional clients.”
Equinix gets green light for data center campus at former paint factory in Slough, UK
Equinix has received outline planning approval to redevelop the former AkzoNobel paint factory site in Slough, UK, into a data center campus after the local council granted permission for the change of use. The project will occupy around half of the Wexham Road site and is planned to include three data center buildings, each with dedicated data halls. Equinix must now submit a detailed application covering the final design, scale, and landscaping of the development.
The site was originally a paint manufacturing facility dating back to the post-World War I era and was sold by AkzoNobel in 2019, later being purchased by Slough Council for redevelopment before being sold again to an unnamed data center buyer — later revealed to be Equinix. Council leader James Swindlehurst previously described the sale as “probably the single biggest beneficial transaction I’ve ever seen” for the council. The project adds to Equinix’s extensive footprint in Slough, where it already operates multiple data centers and has additional facilities in development.
CBRE’s Trammell Crow files to develop 12 million sq ft data center campus outside Atlanta, Georgia
CBRE-owned Trammell Crow has filed a Developments of Regional Impact application for the Forsyth Technology Campus, a massive data center project proposed on a 1,630-acre site about 60 miles south of Atlanta. The company plans to develop up to 12 million sq ft of facilities, with potential investment reaching $8.4 billion, and construction could continue in phases through 2037. The land is owned by local timber firm H & H, which is partnering on the development.
The project adds to a wave of large data center proposals across the Atlanta region, now one of the fastest-growing US markets for digital infrastructure. Nearby developments include Cloverleaf’s planned Rumble Technology Campus and land purchases by Google in Monroe County. Beyond Georgia, Trammell Crow is also evaluating a potential data center campus in West Richland, Washington, on part of the Lewis & Clark Ranch site.
OpenAI must find $207bn to meet AI data center spending commitments – HSBC
HSBC analysts say OpenAI will need $207bn in new funding by 2030 to meet its data center and infrastructure spending commitments tied to massive deals with Nvidia, Microsoft, Oracle, and AWS that support its planned Stargate global data center network.
HSBC warned the company “would need $207bn of new financing by 2030,” noting that funding requirements may depend on OpenAI’s ability to adjust commitments, secure capital injections, issue debt, or generate higher revenues, even as ChatGPT’s user base is expected to reach three billion by the end of the decade.
Digital Realty and Equinix vying to acquire atNorth – report
Digital Realty and Equinix are reportedly competing to acquire Nordic data center operator atNorth, which is being marketed for around €4.5 billion by owner Partners Group. Bloomberg reports that Digital Realty and a consortium including Equinix and the Canada Pension Plan Investment Board have advanced to the next round of bidding.
AtNorth operates seven facilities across Sweden, Iceland, and Finland, with additional developments planned in Denmark, Sweden, and potentially Norway. An acquisition would allow Digital Realty to expand into Finland and enter Iceland for the first time, while Equinix would add Denmark and Iceland to its European footprint, strengthening both firms’ coverage across the Nordic region.
Singapore opens up 200MW in second Data Center – Call For Application
Singapore has launched its second Data Centre – Call for Application, making at least 200MW of new capacity available as part of plans to support sustainable digital infrastructure growth. Authorities stated the capacity could increase through new “green energy pathways,” while prioritizing projects that strengthen Singapore’s position as a trusted hub for AI and data center investment.
Applicants will be assessed on economic contribution, innovation, talent development, and sustainability, with strict efficiency requirements including a PUE of 1.25 and BCA-IMDA Green Mark Platinum certification, as well as a mandate that facilities run on at least 50 percent eligible green energy sources.
Google targets 2027 for launch of space data centres
Google CEO Sundar Pichai has confirmed that the company aims to begin deploying solar-powered space-based data centers by 2027 as part of its Project Suncatcher initiative. He told Fox News: “We are taking our first step in ’27,” adding that Google will send “tiny, tiny racks of machines” into satellites to test the concept before scaling further.
Pichai said the long-term ambition is to build fully operational off-planet data centers to harness solar power more efficiently, stating, “One of our moonshots is to, how do we one day have data centres in space so that we can better harness the energy from the sun that is 100 trillion times more energy than what we produce on all of Earth today?” Amazon CEO Jeff Bezos echoed similar views, predicting gigawatt-scale data centers in space supported by constant solar power.
Oracle in talks for $38 billion loan to support Vantage Data Centers-led campus
Oracle is reportedly in talks to secure a $38 billion loan to support projects developed with Vantage Data Centers, including a major Wisconsin campus tied to the 4.5GW Stargate US pipeline led with OpenAI. The move comes as hyperscalers increasingly rely on debt to fund AI infrastructure, with industry borrowing in 2025 approaching $120 billion according to BofA Securities, reversing prior strategies based mainly on cash reserves.
Ionic Digital Appoints Andy Stewart as Chief Executive Officer
Ionic Digital has appointed Andy Stewart as its new Chief Executive Officer, effective immediately, succeeding interim CEO Anthony McKiernan. Stewart brings nearly 25 years of experience in digital infrastructure, most recently leading Evoque Data Center Solutions, where he optimized data center assets and secured more than $300 million in growth capital. His background includes senior leadership roles at TierPoint, Morgan Stanley Infrastructure Partners, and Flexential, positioning him to lead Ionic Digital as it expands its focus on AI and high-performance computing infrastructure. Chair of the Board Elizabeth LaPuma said: “His expertise in optimizing complex infrastructure portfolios and securing capital for growth will be critical as we meet the surging demand from AI and hyperscale customers.”
Stewart said: “I am excited to join Ionic Digital at this pivotal moment. Our position at the intersection of energy, infrastructure, and innovation gives us a powerful edge in this era of AI-driven disruption. We will shape how digital platforms create value through our strategy of developing powered land, advancing high-performance computing, and leveraging Bitcoin mining as a complementary monetization tool. My immediate priority is to build a world-class team capable of accelerating Ionic Digital’s growth and unlocking shareholder liquidity.”
