Vantage increased its capital by 300 million dollars to strengthen the construction of data center
Hong Kong VPS On February 21, it was reported that Vantage had paid 295 million dollars for the construction of data centers in Silicon Valley and Washington State.
Today, the existing data center space in some major American markets (including Silicon Valley) is insufficient, and some data center suppliers have competed to expand the data center space inventory. For example, a customer of Vantage decided to reduce the capacity of its leased Santa Clara Data Center Park in California, so the data center supplier can immediately provide a new data center, which is currently in the seller's market. This is welcome news for Vantage.
Although data center suppliers enjoyed the construction boom last year, the stock of the entire technology industry has dropped sharply recently, which may affect the demand of enterprises for wholesale data center space in 2016. The sell-off of technology stocks dragged down the stock prices of Vantage's main listed competitors, and affected the stock prices of CoreSite Real Estate Company, Digital Real Estate Trust Company and DuPont Fabros Technology Company to varying degrees.
The new financing increased Vantage's credit line from $275 million to $570 million. The expansion of credit financing led to the expansion of RBC capital market.
Vantage released the capacity of an existing customer's 12MW data center in January 2015. Vantage began to build the first data center in Santa Clara Data Center Park. The project with a power capacity of 6MW is expected to be put into operation in the fourth quarter of 2016.
Surrell, President and CEO of Vantage? In a statement, Jokes said that the company will also expand the capacity of Quincy Data Center Park in Washington State and prepare to enter potential emerging markets.
Last year, the space demand for wholesale data centers in North America rose sharply. Some major network content providers, cloud services, and other technology companies are expanding their capacity to meet the growing demand of the market.
The demand for wholesale data center space in North America exploded last year. As a major supplier of web content and cloud services, and other technology companies, they expanded their production capacity to support their growth.
According to a report on data centers in North America by a commercial real estate company focusing on data centers, Vantage signed at least four large lease contracts in Santa Clara last year. The data center power capacity of these transactions includes 3MW of Microsoft, 10MW of Arista Networks, 2MW of VMware, and 2MW of Symantec
