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DataBank Announces ~$2 Billion Equity Raise. Read the press release.

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DataBank in the News

DataBank in the News

See what thought leaders, editors, and experts across the industry are saying about DataBank.

Industry Coverage of DataBank

November 18, 2024
Tech and energy clash in the race to meet AI demand: Raul Martynek weighs in

Raul Martynek, CEO of DataBank, noted on Bloomberg Radio that “Utilities think in 10-year cycles, while our customers operate in 12-month cycles.” With $2 billion raised for expansion, he emphasized the need for collaboration to meet AI-driven energy demands effectively.

November 4, 2024
DataBank’s Role in Sustainable Data Center Growth Amidst Rising Concrete Demand

As AI demand rises, data centers like DataBank’s ATL4 near Atlanta are expanding, raising concerns about concrete’s environmental impact, which accounts for about 6% of global emissions. DataBank is seeking low-carbon alternatives and innovative construction practices to balance growth with sustainability.

InformationWeek
November 1, 2024
Ensuring IT Resilience Amid Natural Disasters

DataBank’s Jenny Gerson emphasizes proactive site selection and robust infrastructure to safeguard data centers against natural disasters. She highlights flood barriers, backup power, and regular maintenance as key strategies to ensure DataBank’s IT resilience.

October 24, 2024
DataBank Raises $2 Billion for AI Data Center Expansion

DataBank secured nearly $2 billion, including $1.5 billion from AustralianSuper, to expand AI-focused data centers in the U.S. Kevin Ooley, President and CFO, highlighted plans to meet AI demand with major projects, including a large campus in Red Oak, Texas.

October 22, 2024
Raul Martynek Discusses $2 Billion Investment to Expand DataBank’s AI Infrastructure

Raul Martynek, CEO of DataBank, appeared on Bloomberg TV to discuss the company’s $2 billion investment aimed at expanding U.S. data centers. This move will address the growing demand for AI infrastructure, supported by backing from AustralianSuper and DigitalBridge.

October 18, 2024
Raul Martynek Discusses $2 Billion Data Center Expansion

Raul Martynek, CEO of DataBank, discusses the $2 billion investment to expand U.S. data centers and meet the increasing demand for AI infrastructure on Bloomberg Interactive Broker Studio.

October 16, 2024
Raul Martynek Highlights AI’s Power Demands as Amazon, Google, and Microsoft Turn to Nuclear Energy

In a New York Times article, Raul Martynek, CEO of DataBank, emphasized that AI workloads require significantly more power, with advanced chips demanding over 100 kilowatts per server rack. Nuclear energy is seen as a reliable, emissions-free solution to meet the growing energy demands.

October 15, 2024
AI Boom Sparks $2 Billion Bet on DataBank Led by Australian Pension Fund

In a recent Bloomberg article, DataBank announced a $2 billion investment led by AustralianSuper and backed by DigitalBridge to expand its US data centers. This investment will fund the development of three major facilities to meet the growing demand for AI-driven workloads.

October 15, 2024
DataBank Secures $2 Billion Investment Led by AustralianSuper to Expand U.S. Data Centers

DataBank has raised $2 billion in equity, including a $1.5 billion commitment from AustralianSuper, to fuel its data center expansion across the U.S. This strategic investment positions DataBank to meet the rising demand for AI and cloud computing services.

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