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The Global Data Centre Boom Is Underway

March 11, 2024
x min read
The Global Data Centre Boom Is Underway

There is a new boom for data centres. And it might just be the very beginning.

What’s happening:

  • Bitcoin mining companies, artificial intelligence startups and quantum computing ventures have been creating a recent influx of new investments into data centres globally

Why it matters:

  • Data centres are becoming critically important as the foundational infrastructure of Bitcoin mining companies and artificial intelligence startups who require access to hosting facilities for their hardware
  • Cloud computing and on demand access to GPUs has also created a new paradigm for the importance of data centre facilities globally as more venture backed startups are requiring computing power

Who is making moves:

  • Starwood Capital, one of the largest private investment companies in the United States, just announced they are launching a new venture aimed solely at new data centres called Starwood Digital Ventures
  • Amazon (NASDAQ: AMZN) just recently purchased a new data centre campus, which is powered entirely by nuclear energy
  • EdgeCore Digital Infrastructure recently landed debt financing to build one of the largest data centres in the United States, which will span over 3M square feet in Phoenix, Arizona
  • Microsoft (NASDAQ: MSFT) recently announced a multi billion dollar deal to expand their cloud computing arm through the construction of new data centres in the United Kingdom

Going deeper:

  • The next large catalyst for data centres beyond hosting GPUs for artificial intelligence computing power and Bitcoin mining hardware is quantum computing, which is now reaching the point of requiring data centres to host quantum computing hardware
  • Cybersecurity companies are also deepening their investments into data centres, with leading cybersecurity company Coro recently announcing their plans to launch new data centres in both Germany and Canada

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