With data center news moving faster than ever, we want to make it easy for data center professionals to cut through the noise and find the most important stories of the week.
The Data Center Knowledge News Roundup brings you the latest news and developments across the data center industry—from investments and mergers to security threats and industry trends.
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Security Threats to Government and Private Companies Alike
Rarely is there a dull moment in the world of data center cybersecurity.
On Monday, an advisory report from Resecurity summarized the impact of a series of cyberattacks on two of the largest data center operators in Asia. Hackers have been selling the login credentials for these data centers, reportedly obtained through a combination of brute force attacks and phishing scams, on the dark web.
State-side, sensitive U.S. military emails and files were exposed through a misconfigured Department of Defense email server hosted on Microsoft Azure’s government cloud service. According to cybersecurity researchers, the exposed data includes confidential information on military contracts and clearance records.
Despite Cost Cutting Initiatives, the Data Center Industry Is Growing
Following a wave of layoffs, Google has asked Cloud staff to share desks in an effort to maximize space efficiency and curb real estate costs.
Despite budget cuts among prominent data center players, analysts have predicted strong industry growth. A 2023 Business Wire Report found that the global hyperscale data center market is expected to grow to $76.73 billion in 2027 at a compound annual growth rate of 16.5%.
Along these lines, this week has seen a number of data center investments, including deals across Asia and the U.S.:
- Princeton Digital, a Singapore-based data center operator, plans to spend $1 billion to build new data centers in Southeast Asia over the next 18 months.
- Real estate investment firms Gaw Capital Partners and A3 Capital have formed a joint venture to invest in data centers in “greenfield and underperforming data centers” in Southeast Asia, including Indonesia, Malaysia, and Singapore.
- Backed by revenue from its data center leases and ownership interests, colo provider DataBank is looking to raise $715 million to grow its data center footprint.
- Quantum Loophole, a developer of data center communities, has shifted its focus from Virginia to Maryland, where it plans to build a 2,100-acre development.
- In an effort to reduce the industry’s carbon footprint, NE Edge and Dominion Energy are planning a 1.5 million square foot nuclear-powered data center campus in Waterford, Connecticut.
Which of these stories is most important to you? Let us know in the comments below!