Latest news with #greenDataCenters
Yahoo
08-07-2025
- Business
- Yahoo
Soluna Holdings Stock Rises on Data Center Expansion With 'Top-Tier Bitcoin Miner'
Soluna Holdings shares rose in early trading Tuesday after the maker of green data centers announced an expansion of its Texas site with a company it called a 'top-tier Bitcoin miner." 'With this deal, Project Dorothy 2 is now fully marketed and contracted,' Soluna said. Soluna shares have fallen almost 70% this Holdings (SLNH) shares rose in early trading Tuesday after the maker of green data centers announced an expansion of its Texas site with a company it called a 'top-tier Bitcoin miner.' 'With this deal, Project Dorothy 2 is now fully marketed and contracted,' Soluna said. The data center developer said it has expanded its flagship project site Project Dorothy 2 by 30 megawatts in its third buildout with this customer, which it didn't name. 'It's a major milestone in our growth pipeline, bringing 100% of our active facilities to full capacity,' Soluna CEO John Belizaire said. Soluna shares rose 4.6% in early trading Tuesday. The company's shares have fallen almost 70% so far this year. Read the original article on Investopedia
Bloomberg
11-06-2025
- Business
- Bloomberg
DayOne Secures $3.5 Billion Financing for Johor Data Centers
DayOne Data Centers Singapore Pte. secured 15 billion ringgit ($3.5 billion) of multicurrency financing to support its green data centers in Malaysia's Johor state, according to a statement from Oversea-Chinese Banking Corporation Ltd. OCBC and its Malaysian unit OCBC Bank (Malaysia) Bhd. acted as joint coordinators for the syndicated financing, which comprises a 7.5 billion ringgit Islamic financing and a $1.7 billion offshore term-loan facility, the bank said.
Free Malaysia Today
28-05-2025
- Business
- Free Malaysia Today
Renewable firm Vena's spinoff eyes green data centres in Asia
Vena Nexus is expected to construct and operate green digital infrastructure across the Asia-Pacific region. (Freepik pic) SINGAPORE : Singapore-based renewables developer, Vena Group, sees the city-state, Malaysia, and Japan as key markets in which to build green data centres to cater to the booming AI sector. 'The group's newly-launched subsidiary Vena Nexus is in talks with 10 technology companies from the US and Asia to develop large-scale data facilities powered by clean energy,' said Simone Grasso, the offshoot's global head and CIO of Vena Group. He declined to name the companies. Power producers are rushing to keep up with rapid growth in energy demand from the AI sector, which runs on massive amounts of data housed in facilities that need stable electricity and constant cooling. Tech giants like Microsoft Corp are tapping renewables to run such infrastructure, while others, like Chevron Corp, are looking to natural gas. 'After the AI breakthrough in 2023, we noticed a lot more demand for power,' Grasso told Bloomberg News in an interview, highlighting that Vena wants to play a key role in meeting that demand in Asia. He added the firm is also discussing a number of small-scale projects, without providing details. Vena Nexus inherits a pipeline of about 3GW of data centre developments from the group's renewables unit Vena Energy, according to a press release. 'The firm will construct and operate green digital infrastructure across the Asia-Pacific region,' it said, adding the group has already developed 38GW in solar and wind projects.
Bloomberg
28-05-2025
- Business
- Bloomberg
Renewable Firm Vena's Spinoff Eyes Green Data Centers in Asia
Singapore-based renewables developer, Vena Group, sees the city-state, Malaysia, and Japan as key markets in which to build green data centers to cater to the booming AI sector. The group's newly-launched subsidiary Vena Nexus is in talks with 10 technology companies from the US and Asia to develop large-scale data facilities powered by clean energy, said Simone Grasso, the offshoot's global head and chief investment officer of Vena Group. He declined to name the companies.
