Fresh off the long 4th of July holiday weekend here in the US, the Citi Banking, Capital Markets & Advisory Global Communications Team is out with their June 2024 Data Center Monthly Update. The Citi Global Coverage Team does a great job keeping institutional clients (and the OCOLO team) apprised of all the DC-related news, transaction activity and equity and debt trading performance each month from the 30,000-foot down to the company-specific level.
This month’s newsletter demonstrates there was no downtime for the DC sector in June! The key themes underpinning the sector’s growth are not just intact, they continue to accelerate at a feverish pace:
The Citi team also shared some of their insights on executing the KKR-led consortium’s $1.3B investment (on behalf of KKR funds and Singtel in STT Group Telemedia GDC, which was announced on June 18th.
In addition, the June newsletter packed in 12 pages of company-specific updates from the month – including 40 new site announcements from US Tier 1 and 2 locations to spots further afield, such as Barcelona (AQ Compute – Data Centers) (AQ Compute), Fortaleza, Brazil (Scala Data Centers), Chennai, India (Equinix), Bangkok (Edgnex Data Centers by DAMAC), Accra, Ghana (Africa Data Centres), Bishkek, Kyrgyzstan (DataDome), Abovyan, Armenia (Ovio) and many more all over the world.
Finally, where would we all be without another reminder of NVIDIA’s world domination?
To demonstrate the leadership role NVIDIA has played in supplying the air and liquid cooling technology needed for high-density AI computing, and how they are leading the way today in developing new, cutting-edge immersion cooling technology, the newsletter shared the below exhibits:
Such a simple philosophy to get to 92% market share… if only we could all have conceived of and followed it…😊
Many thanks to the Citi Global Sector Coverage Team for sharing their June 2024 Data Center Industry Monthly Review with us: Raimund Riedl, Rick Piket, Marion Miller, Frank Collier III
