logo
DigitalBridge-Backed Portfolio Company Vantage Data Centers Launches $25 Billion Texas 'Frontier' Mega-Campus

DigitalBridge-Backed Portfolio Company Vantage Data Centers Launches $25 Billion Texas 'Frontier' Mega-Campus

Business Wirea day ago
BOCA RATON, Fla.--(BUSINESS WIRE)--DigitalBridge Group, Inc. (NYSE: DBRG), a leading global alternative asset manager dedicated to investing in digital infrastructure, today announced its portfolio company Vantage Data Centers' largest project to date: Frontier, a $25 billion, 1.4GW hyperscale data center campus in Shackelford County, Texas. The Frontier campus will serve as a cornerstone in the rapidly growing Texas AI hub, supporting global hyperscale customers and bringing significant economic benefits to the region.
'Frontier represents an important milestone for Vantage Data Centers and for the broader digital infrastructure ecosystem,' said Jon Mauck, Senior Managing Director and Head of Data Centers at DigitalBridge. 'As investors, we are proud to support Vantage in expanding its platform with a project of this scale, which not only enables the growth of AI but also creates meaningful local impact through jobs and community investment.'
The Shackelford County development will include 10 data centers totaling 3.7 million square feet, designed to support ultra-high-density GPU workloads with advanced liquid cooling systems. In line with Vantage's sustainable by design approach, the project will incorporate resource-efficient technologies and pursue LEED certification.
Marc Ganzi, CEO of DigitalBridge, added:
'At DigitalBridge, we see power and scale as the defining challenges of the AI era. Vantage's Frontier campus is a direct response to those needs and reflects the playbook we've built over the last three decades of investing in data centers and digital infrastructure: backing market leaders, enabling them to scale, and delivering long-term value for customers and communities.'
DigitalBridge's continued investment in Vantage reflects the firm's broader strategy of building and scaling global platforms across hyperscale, AI, private cloud, edge data centers, fiber, towers, and digital power.
About DigitalBridge
DigitalBridge (NYSE: DBRG) is a leading global alternative asset manager dedicated to investing in digital infrastructure. With 30 years investing in and operating businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages $106 billion of infrastructure assets on behalf of its limited partners and shareholders. For more information, visit: www.digitalbridge.com.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Eli Lilly (LLY) Partners with Superluminal for AI Drug Discovery
Eli Lilly (LLY) Partners with Superluminal for AI Drug Discovery

Yahoo

time27 minutes ago

  • Yahoo

Eli Lilly (LLY) Partners with Superluminal for AI Drug Discovery

Eli Lilly and Company (NYSE:LLY) is one of the 9 Best NYSE Stocks to Buy According to Hedge Funds. On August 14, Reuters reported that Eli Lilly and Company (NYSE:LLY) has entered into a deal worth $1.3 billion with Superluminal Medicines, a privately held company. The aim of this deal is to use AI to discover and develop small-molecule drugs for obesity and other cardiometabolic diseases. As per the report by Reuters, Eli Lilly and Company (NYSE:LLY) is already leading the obesity treatment market, which is expected to be worth $150 billion by the next decade. The company is looking to solidify its foothold in this area by developing next-generation drugs, making acquisitions, and entering into partnerships. The deal allows Eli Lilly and Company (NYSE:LLY) to have exclusive rights to develop and commercialize drug candidates discovered with the help of Superluminal's proprietary AI-driven platform targeting G-protein-coupled receptors (GPCR). These proteins can influence physiological processes including metabolism, cell growth, and immune responses. Eli Lilly and Company (NYSE:LLY) is an American multinational pharmaceutical company focused on discovering, developing, and delivering innovative medicines. While we acknowledge the potential of LLY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Best Revenue Growth Stocks to Buy Now and 14 Best Aggressive Growth Stocks to Buy According to Analysts. Disclosure: None. This article is originally published at Insider Monkey.

New Buy Rating for Block (XYZ), the Technology Giant
New Buy Rating for Block (XYZ), the Technology Giant

Business Insider

time29 minutes ago

  • Business Insider

New Buy Rating for Block (XYZ), the Technology Giant

Evercore ISI analyst Adam Frisch maintained a Buy rating on Block yesterday and set a price target of $96.00. The company's shares closed yesterday at $74.30. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Frisch covers the Technology sector, focusing on stocks such as Block, Shift4 Payments, and Toast Inc. According to TipRanks, Frisch has an average return of 36.0% and a 100.00% success rate on recommended stocks. In addition to Evercore ISI, Block also received a Buy from TR | OpenAI – 4o's Elisa Scalantra in a report issued yesterday. However, on August 14, Compass Point maintained a Sell rating on Block (NYSE: XYZ). Based on Block's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $6.05 billion and a net profit of $538.46 million. In comparison, last year the company earned a revenue of $6.16 billion and had a net profit of $195.27 million Based on the recent corporate insider activity of 114 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of XYZ in relation to earlier this year. Last month, Owen Britton Jennings, the Business Lead of XYZ sold 1,050.00 shares for a total of $72,723.00.

SQM net profit slumps nearly 60% in Q2 on falling lithium prices
SQM net profit slumps nearly 60% in Q2 on falling lithium prices

Yahoo

time33 minutes ago

  • Yahoo

SQM net profit slumps nearly 60% in Q2 on falling lithium prices

-- Chile's SQM (NYSE:SQM) reported a steep drop in profit for the second quarter as weaker lithium prices weighed on results. The world's second-largest lithium producer's net profit fell 59% to $88.4 million, well below analysts' expectations of $143.01 million, according to LSEG data. Revenue came in at $1.04 billion, roughly in line with the $1.064 billion forecast. The company said lithium prices declined about 34% from a year earlier. SQM's gross profit in Q2 fell 34% to $253.6 million from $383.9 million in the year-ago period. 'As anticipated, during the second quarter, we navigated a period of lower lithium market prices than those observed in previous quarters. In this context, some of the contracts we had in place, hit the lower limits set in those contracts, affecting the volumes agreed," CEO Ricardo Ramos said in the release. For the first six months of the year, the miner reported net income of $226 million, compared with a loss of $655.9 million a year earlier. Revenue fell 12.6% to $2.08 billion from $2.38 billion in the same period of 2024. Related articles SQM net profit slumps nearly 60% in Q2 on falling lithium prices After soaring 149%, this stock is back in our AI's favor - & already +25% in July 7 Undervalued Stocks on the Rise With 50%+ Upside Potential

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store