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WHTop → 📋 News → Vancouver Startup Wafr Raises $100M for AI Data Cooling
Jul, 2026 : Vancouver Startup Wafr Raises $100M for AI Data Cooling
📅 - Vancouver-based startup Wafr Technologies has raised $100 million from private investors to develop cooling technology for AI data centers, as power-hungry compute sites strain electricity grids and water systems, while the company seeks another $200 million from public and private sources to move a thermal battery concept into commercial infrastructure deals with overseas partners already showing interest.
The Canadian company is working on what it describes as a thermal battery. The idea is simple enough to understand and hard enough to prove: store cooling capacity when grid power is cheaper, then release it when demand and pricing rise.
For AI data center operators, that could [...][... Check source for end of article ...]
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📅 - SK Telecom Targets 15GW AI Data Center Capacity Across Korea - SK Telecom said it will pursue up to 15GW of AI data center capacity in South Korea, starting with Ulsan and expanding across regional clusters, a staggering power target that places the carrier at the center of Korea's attempt to turn energy, memory chips and construction discipline into national AI infrastructure leverage from 2029 onward at scale.
For enterprise buyers, cloud operators and governments watching Asia's infrastructure map, the number is the story and also the problem. Fifteen gigawatts is not an ordinary data center expansion plan. It is power system language. Industrial policy language. It puts SKT's telecom roots in a different category, closer to national [...]
📅 - Crusoe Eyes $3B Round at Possible $30B Valuation - Crusoe Energy Systems is in talks to raise $3 billion at a valuation that could reach $30 billion, a sharp rerating for a data center operator riding the shortage of AI compute, power access and hyperscale contracts - even as parts of its project pipeline show how fragile the economics can already get under investor scrutiny today.
The reported round, still not closed, would mark one of the larger private financings around AI infrastructure this year. It would also put a fairly young company, founded in 2018, in a different conversation from the commodity colocation market. Crusoe is not selling another chatbot interface. It is selling the thing everyone claims to need before the software [...]
📅 - TeraWulf Signs $19B Anthropic Data Center Lease - TeraWulf has signed a 20-year AI infrastructure lease with Anthropic expected to generate roughly $19 billion in contracted revenue while simultaneously selling its majority stake in a Texas joint venture, reshaping the company's capital strategy around wholly owned AI campuses rather than shared developments as infrastructure financing accelerates across hyperscale computing markets and customer demand.
Two announcements arrived together. They are connected.
One secures a long-term tenant with one of the world's highest-profile AI developers. The other exits a project before it reaches full maturity. Together they say something broader about where AI infrastructure economics appear to [...]
📅 - QTS Drops Virginia Data Center Plan Despite Billions at Stake - QTS has abandoned its proposed Digital Gateway data center development in Virginia, ending years of legal battles and community opposition despite securing local approval, in a setback that highlights how land use, permitting and public resistance are becoming as critical to AI infrastructure as power, fiber and available capital for future expansion projects.
For years, the Digital Gateway proposal symbolized Virginia's complicated relationship with the industry that helped make the state the world's largest concentration of data centers. Now it represents something else. Even large operators with substantial financial backing are discovering that local acceptance has become another [...]
📅 - Amsterdam Approves Equinix Data Center Despite Power Limits - Equinix has secured permission to build a large data center in Amsterdam-Zuidoost, despite the city's freeze on new facilities, with only one of four towers moving ahead as power constraints delay the full project and sharpen questions over grid capacity, drinking water use, housing plans and who gets priority in urban infrastructure through 2036 and possibly beyond.
For Amsterdam, this is less a real estate story than an allocation fight. The city wants more homes in Amstel III, an old office and industrial zone being remade into a mixed residential and employment district. Thousands of apartments are planned. At the same time, a major American data center operator has a preexisting path [...]