Mubadala Investment Company has announced that it will invest in Yondr Group for the development of large-scale data centers.
Publish dateWednesday 21 August 2024 - 18:20
The company provides scalable data center infrastructure to major blue-chip technology players and has a contracted and reserved capacity of 878 MW, of which 58 MW is currently in operation.
Mubadala's investment supports Yondr's ambitious growth strategy, which has been developed in line with the rapidly growing demand for superscale data centers.
Global aggregated data center demand is expected to grow at a compound annual growth rate (CAGR) of 11% through 2032, driven by advances in artificial intelligence (AI), 5G technology, and the Internet of Things (IoT).
The investment builds on Mubadala's rapidly growing portfolio of leading global data center assets in its digital infrastructure infrastructure.
amacnews.com/vdce.z8zbjh8xpk1ij.html
Source : news agency wam
Latest News
Most viewed
