87 Equinix, a leading digital infrastructure company, and PGIM Real Estate, the real estate investment arm of Prudential Financial asset management business, have announced a groundbreaking $600 million joint venture. The collaboration aims to develop and operate the inaugural Scale data center in the United States, situated in California’s Silicon Valley region. Named SV12x, the two-story facility will undergo construction in two phases, ultimately boasting over 28 megawatts (MW) of power capacity upon completion. Positioned within Equinix’s Great Oaks data center campus in San Jose, SV12x will complement four existing Equinix International Business ExchangeTM (IBX®) data centers. The initial phase of construction is slated for completion in Q2 2024. Equinix xScale data centers offer hyperscale companies the opportunity to enhance their core deployments within Equinix IBX data centers. This integration facilitates streamlined growth on a unified platform spanning over 70 global metros, providing direct interconnection to an extensive ecosystem of over 10,000 customers. You Might Be Interested In Sheffield’s Sitehop Raises £5m to Advance Cybersecurity Encryption U.S. Bank Freight Payment Index: Compared to a year earlier, first quarter 2024 spending fell 27.9% while shipment volume dropped 21.6% U.S. PACCAR Acknowledges Outstanding Suppliers in North America Dell Technologies Shares Surge 4% Following Strong AI Server Demand and Raised Forecasts Bain Capital Acquires PowerSchool for $5.6 Billion Nigeria Food Banks Reduce Handouts Amid Soaring Prices
