Data Center View - April 2, 2025 - Eaton to acquire Fibrebond in $1.4 billion deal

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NEWS ROUNDUP

M&A: Eaton to acquire Fibrebond for $1.4 billion. Eaton has announced plans to acquire Fibrebond Corporation in a $1.4 billion deal aimed at expanding Eaton’s reach into the booming data center market. The acquisition, expected to close in the third quarter of 2025, highlights Eaton’s strategic efforts to tap into the rapidly growing demand for energy-intensive data centers driven by advancements in artificial intelligence and cloud computing. Fibrebond, headquartered in Minden, Louisiana, specializes in designing and building equipment for data centers, industrials, utilities, and communications companies.

DEVELOPMENT: Cerebras announces six data centers across North America and Europe. Cerebras Systems has announced the launch of six new AI inference data centers powered by its Cerebras Wafer-Scale Engines. Cerebras' AI inference data centers include operational facilities in Santa Clara, CA; Stockton, CA; and Dallas, TX. New sites are scheduled to go live in Minneapolis, MN (Q2 2025), Oklahoma City, OK (Q3 2025), and Montreal, Canada (Q3 2025), with additional centers planned for the Midwest/Eastern US and Europe by Q4 2025. According to Dhiraj Mallick, COO of Cerebras Systems, “Cerebras is turbocharging the future of U.S. AI leadership with unmatched performance, scale and efficiency – these new global datacenters will serve as the backbone for the next wave of AI innovation.”

DEVELOPMENT: 2.1-million-SF campus proposed in Georgia. A major technology campus known as Project Splice is being proposed in south-central Georgia by Red Wolf DCD Properties. The company recently filed a Development of Regional Impact application with the Georgia Department of State Affairs, outlining plans for a sprawling technology campus located outside Cordele in Crisp County. The ambitious project is expected to span 2.1 million square feet across seven buildings, each measuring 300,000 square feet. The $6 billion development will also feature a substation and other utility improvements necessary to serve the campus, with construction slated to be completed in phases. Phase I is targeted for completion by 2029, followed by Phase II in 2031, and Phase III in 2033.

DEVELOPMENT: IREN plans 2GW hub in Texas. Data center company IREN is expanding its presence in Sweetwater, Texas, with the development of a second site aimed at creating a 2GW data center hub designed to support bitcoin mining, AI cloud services, and other high-performance computing operations. This new facility, dubbed Sweetwater 2, will be located approximately 28 miles from the company’s existing Sweetwater 1 project and will function as a large-scale data center hub, housing multiple interconnected data centers within a single location. IREN’s Co-Founder and Co-CEO, Daniel Roberts, announced the project during the company’s Q2 FY25 report, emphasizing its strategic importance within IREN’s broader growth initiatives.

DEVELOPMENT: Amazon to build $1 billion data center in Ohio. AWS is set to invest $1 billion in Marysville, Ohio, as part of a major data center expansion that will include the development of two new data center buildings totaling approximately 500,000 square feet. The facilities will be located on a 55-acre site currently owned by the city, which will be transferred to AWS according to city documents. The Marysville City Council recently approved a community reinvestment area agreement, granting AWS a 30-year, 100% property tax exemption on the assessed value of the new facilities. Construction is scheduled to begin in August, with completion anticipated by 2027. AWS estimates that the new data centers will create 25 jobs within the first two to three years of operations, contributing an additional $2.25 million to the city’s annual payroll. Roger Wehner, Vice President of Economic Development at AWS, emphasized the company’s long-term commitment to Ohio.

READ: AI drove $57 billion in data center investment in 2024.

DATA CENTER PROPERTY FOR SALE 

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4.21 Acres | 25 MW Capacity | Already Leased, 3 Years Left on Lease Term | Built in 2016

DATA CENTER PROPERTY FOR LEASE 

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90K SF - Divisible | Ameren Energy has multiple feeds to the building with a current 8MW | Ameren can provide an additional 7.5MW within 12 months and another 20MW within 14 months | Available immediately

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