tiprankstipranks
Iron Mountain expands planned data center capacity in Virginia
The Fly

Iron Mountain expands planned data center capacity in Virginia

Iron Mountain (IRM) has acquired two data center development sites in Virginia – adding significant planned capacity to support its rapid growth in the data center market. These latest acquisitions bring more than 100 acres to Iron Mountain’s data center development portfolio, and add an estimated 350+ megawatts of planned future capacity – taking the company’s total data center capacity to in excess of 1.2 gigawatts globally when fully developed. Iron Mountain’s acquisition of a 66-acre development site in Richmond, VA will enable it to build a new data center campus with more than 200 MW of expected capacity. The company’s acquisition of a 40-acre development site in Manassas, VA enables two planned new data center buildings at its further expanded Manassas campus, offering an estimated 150 MW of additional capacity. This acquisition includes the planned development of an electricity substation to ensure continued uninterrupted power supply across the Manassas campus.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App