Issue #12
8 July 2026
Editor's Note
This week's newsletter covers a busy period across all three regions, with some announcements that are worth sitting with for a moment. The Anthropic and TeraWulf deal in Kentucky stands out, not just for the $19 billion headline, but for what it represents. A former crypto miner is now the landlord for one of the world's leading AI companies on a 20-year lease. The pivot from bitcoin mining to AI infrastructure is a pattern we are seeing more broadly, and it speaks to how quickly capital is finding new structures to meet demand that existing platforms cannot keep up with.
CPP Investments committing $1.75 billion alongside EQT and EdgeConneX in the same week reinforces the same theme. Institutional capital at pension fund scale is now flowing directly into AI infrastructure buildout. When a fund managing money for 22 million contributors decides this is where long-term value accumulates, it tends to signal something durable rather than speculative. The projects, the capital structures, and the geographies are all evolving fast. The people needed to deliver them are not keeping pace.
North America
- Anthropic signs $19bn, 20-year lease for Kentucky data center with TeraWulf
A former crypto miner becoming the long-term landlord for one of the world's leading AI companies tells you how quickly the infrastructure landscape is being reshaped. The lease structure itself, 20 years with renewal options, is becoming the new template for how AI companies secure compute at scale.
- Orbital files for 100,000 space data satellites for 10GW compute constellation
Early stage and highly ambitious, but worth watching. If orbital compute becomes a real category, it represents a fundamentally different kind of infrastructure challenge than anything the industry has built for before.
- CPP Investments to pump $1.75 billion into EQT and EdgeConneX's AI data center build-out
When pension funds managing retirement savings for millions of people start allocating at this scale into data center infrastructure, it says something about where long-term value is expected to accumulate in the digital economy.
EMEA
- 300MW data center campus proposed in Kent, UK
The UK pipeline is growing outside London, which matters for a market that has historically been constrained by land and power availability in the core. Kent's proximity to London with better land economics makes it a logical next step.
- Shell Energy and Kao Data Renew UK AI Power Deal
Long-term energy partnerships between utilities and operators are becoming a more structured part of how AI infrastructure gets financed and de-risked in the UK market.
- Data center opened inside the UAE’s 'Innovation City’
The Gulf is quietly building serious digital infrastructure credentials. Abu Dhabi and Dubai are increasingly viewed as genuine emerging markets rather than aspirational ones, and projects like this reinforce that positioning.
Asia Pacific
- SK Telecom Plans for South Korean Data Centre and AI Hub
Telco-led platforms bring carrier relationships and connectivity assets that pure-play operators do not have. South Korea has the grid stability and technical workforce to support serious AI infrastructure development.
- Digital Edge looking to develop 270MW data center near Mumbai, India
India's data center market is one of the most interesting growth stories in APAC right now. Demand is real, investment is accelerating, and Mumbai is emerging as a market that serious operators are treating as a long-term platform rather than a test.
- Indosat spins off fiber business as CEO extends tenure by five more years
Fiber is increasingly being treated as a standalone infrastructure asset class in Southeast Asia. For data center developers in the region, carrier-neutral access to quality connectivity is becoming a real competitive differentiator.
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