Tritax Big Box taps investors for £350m London data centre splurge Tech Listed real estate investor Tritax Big Box has revealed plans to raise £350m through a new share issue to pump into the construction of London data centres. The FTSE 100 company told investors it had nearly doubled its pipeline of grid connection agreements to 507 megawatts and would use the fresh funding to “unlock the [...]
OpenAI pauses Stargate UK project over energy costs and regulation AI OpenAI has paused plans to develop a major AI data centre project in the UK, citing high energy costs and regulatory uncertainty. The US firm confirmed that its ‘Stargate UK’ infrastructure initiative, first announced in September, has been put on hold as it reassesses the conditions needed for long-term investment. “We see huge potential for [...]
Microsoft to build ‘hyperscale’ datacentre near Leeds after £106m deal TECH Tech giant Microsoft is one step closer to building a 'hyperscale' datacentre near Leeds after it purchased a 48-acre site from British property developer Harworth Group.