10/27/2024 What I Read Last Week
#DigitalInfrastructure news: Cologix, Nuclear in Iowa, CoreWeave, Vantage, Quantum Computing
Weekly Edition of curated news about Digital Infrastructure
[Link] Cologix secures $1.5 Billion in capital through a combination of debt and equity financing to fuel its next phase of strategic growth. Cologix will use the capital to support the ongoing build-out of large-scale campuses in its core markets, including Ashburn, Columbus, and Montréal, as well as begin new builds on recently acquired land in Columbus, Des Moines, and Vancouver, which upon full build-out can support over 650 megawatts of sellable capacity. 👀
[Link] On its third-quarter earnings call last week NextEra CEO John Ketchum said the company is considering restarting the Duane Arnold nuclear plant in Iowa thanks to strong interest from data centers. The site is northwest of Cedar Rapids and shut down in 2020 after more than 40 years of service.
[Link] Core Scientific announced that CoreWeave has exercised its final option to contract for additional infrastructure pursuant to the terms provided as part of the previously announced 200 megawatt hosting contract for high performance computing entered into with CoreWeave on June 3, 2024. This increases potential cumulative revenue for Core Scientific to $8.7 Billion over 12 year contract terms.
[Link] Vantage Data Centers breaks ground on a 192MW campus, and enters a growing Ohio data center market with an over $2 billion investment in Hyperscale Digital Infrastructure.
[Link] Datacenter United enters Belgian data center market by acquiring Proximus data centers.
[Link] The University of Toronto will receive more than $52 million to upgrade one of the fastest supercomputers in Canada – a shared resource housed at the university that allows researchers across the country to address key challenges in areas such as healthcare, drug discovery, sustainable transportation, AI and advanced manufacturing.
[Link] At the International Aeronautical Congress Spire Global and Mission Control announced a mission to explore the power of artificial intelligence in space. The Persistence Mission is expected to showcase how AI can be reliably used onboard satellites over a long period to generate actionable insights in real time.
🤯 [Link] It took me 3 or 4 times reading this before truly grasping what is being described here, and the incredible potential that this technology holds. Nu Quantum has announced a proof-of-principle prototype that advances the development of modular, distributed quantum computers by enabling connections across different qubit modalities and providers. The technology, known as the Qubit-Photon Interface, functions similarly to Network Interface Cards in classical computing, facilitating communication between quantum computers over a network and supporting the potential growth of quantum infrastructure akin to the impact NICs have had on the Cloud and AI markets.
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