Hyper-Converged Infrastructure, Windows Systems and Network
businesswire | July 17, 2023
StratCap announce today that in Q2 2023 the Company acquired nearly $90 million of essential digital infrastructure assets including 13 cell towers and a data center.
The 13 cell tower acquisitions included both individual and portfolio transactions with towers located throughout Missouri, Wisconsin, Florida, Tennessee, and New York. Primary tenants on the towers include the three major broadband carriers, AT&T, Verizon and T-Mobile, as well as Dish, Wisconsin Electric Power Company, Wisconsin Power & Light, and an AT&T affiliate that supports AT&T’s First Net Network, which is dedicated to first responders (police, fire, rescue, etc.). Todd Rowley, head of StratCap’s Wireless Infrastructure Platform stated, “The ongoing deployment of 5G networks and continuous increases in mobile data usage are catalyzing both growth and investor appetite in what we believe is a very resilient sector.”
The Company also acquired a 127,000 square foot data center in Toronto, Canada. The facility boasts two premier credit-rated tenants, ready access to rich fiber connectivity and 10MVA of installed critical capacity, with plans to increase to 27MVA. The acquisition was part of an institutional joint venture wherein StratCap took a minority stake in the property, yet led the acquisition process and will continue to manage the overall facility. Bryan Marsh, head of StratCap's Global Data Center Platform commented, "This is a mission critical facility that plays a vital role in the digital economy. We are excited to align ourselves with a valued institutional partner to participate in such a dynamic asset with in-place rental income, exceptional tenants, and a value-add growth opportunity though potential expansion."
StratCap remains bullish on digital infrastructure given demand drivers like the increasing number of connected devices, growing mobile data usage, the essential role of connectivity in our lives, and new technologies like 5G, autonomous cars, artificial intelligence, and more. Jim Condon, Managing Partner of StratCap, stated, “Digital transformation is moving deeper into all aspects of the global economy and our personal lives. Digital infrastructure assets like cell towers, data centers, fiber networks, and the like, play a mission critical role in making it all work, as well as creating a solid, scalable foundation for the future.”
About StratCap
StratCap is a privately held, global investment management platform committed to providing access to dynamic asset classes and highly experienced investment professionals. The company is focused on a wide range of digital economy assets with an emphasis on digital infrastructure, sustainability, and technology-centric sectors. StratCap Wireless is an affiliate company focused on acquiring, developing, and managing a variety of telecommunications infrastructure assets that support mobile communications, internet connectivity and data storage.
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Hyper-Converged Infrastructure, Windows Systems and Network
businesswire | July 13, 2023
Rambus Inc. a premier chip and silicon IP provider making data faster and safer, today announced the first in a family of Quantum Safe security IP products with its next-generation Root of Trust for data center and communications security. Quantum computers will be able to rapidly break current asymmetric encryption, placing important data and assets at risk. The Rambus Root of Trust IP offers customers a complete Post Quantum Cryptography (PQC) hardware security solution that protects valuable data center and AI/ML assets and systems.
“To ensure today’s data remains protected into the future, we must implement now security solutions that safeguard against quantum attacks,” said Neeraj Paliwal, general manager of Security IP at Rambus. “This new generation of the Rambus Root of Trust is a flagship product in our Quantum Safe IP portfolio that offers customers complete security solutions for the data center and advanced workloads like generative AI.”
“Since 2016, NIST has done pioneering efforts to identify post-quantum cryptographic algorithms which will be better suited for protecting critical government and public infrastructure from entities looking to steal data now to decrypt later using quantum computing,” said Heather West, PhD, research manager of Quantum Computing Research at IDC. “Now that NIST has announced its first four post-quantum computing recommendations, it is important that system designers begin implementing quantum-resistant cryptography to ensure that data and hardware remain secure in the quantum computing era.”
Rambus Root of Trust IP with Quantum Safe Cryptography uses the quantum-compute resistant cryptographic algorithms selected by the National Institute of Standards and Technology (NIST): CRYSTALS-Kyber for key-encapsulation and CRYSTALS-Dilithium for digital signatures. In addition, Rambus Root of Trust IP supports the Commercial National Security Algorithm Suite (CNSA) algorithms for software and firmware updates including XMSS/LMS stateful hash firmware signatures, CNSA symmetric-key algorithms, and CNSA quantum-resistant public-key algorithms.
About Rambus Inc.
Rambus is a provider of industry-leading chips and silicon IP making data faster and safer. With over 30 years of advanced semiconductor experience, we are a pioneer in high-performance memory subsystems that solve the bottleneck between memory and processing for data-intensive systems. Whether in the cloud, at the edge or in your hand, real-time and immersive applications depend on data throughput and integrity. Rambus products and innovations deliver the increased bandwidth, capacity and security required to meet the world’s data needs and drive ever-greater end-user experiences.
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Hyper-Converged Infrastructure, Windows Systems and Network
prnewswire | July 20, 2023
Midas Immersion Cooling, LLC ("Midas Immersion" or "Midas"), an industry leader in immersion cooling technology solutions for Bitcoin ("BTC") miners and Data Centers, with the largest deployed single-phase immersion cooling capacity of any manufacturer, announced today that it has entered into a long-term supply agreement (the "Agreement") with Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot"), an industry leader in BTC mining and Data Center hosting. Under the Agreement, Midas has secured an initial order of 200 megawatts (MW) of its latest generation of immersion cooling systems, as well as associated equipment and adiabatic coolers for Riot's Corsicana, Texas, operations. Midas designed the ASICE 2.0 immersion cooling systems in Texas, for manufacture in North America.
The Agreement provides delivery of the new immersion cooling systems by the end of 2023. Upon commissioning, the initial 200 MW of immersion cooling systems will bring the total deployed capacity of Midas immersion cooling systems to over 500 MW (0.5 GW).
Under the Agreement, Midas has also granted Riot the option to purchase up to 400 MW of additional ASICE 2.0 immersion cooling systems and ancillary equipment from Midas, on the same terms as the initial order. Assuming full exercise of Riot's option, the total worldwide deployed capacity of Midas immersion cooling systems would be in excess of 900 MW, upon commissioning. Riot may exercise the option, in whole or in part, through December 31, 2024.
"Midas is pleased to announce this landmark deal to continue as a trusted supplier to Riot," said Scott Sickmiller, CEO of Midas. "We remain committed to offering the best engineering, equipment performance, and customer support among immersion cooling providers."
"Riot is pleased to partner with Midas Immersion for our Corsicana Facility," said Jason Les, CEO of Riot. "Partnering with Midas will enhance Riot's approach in diversifying our immersion capabilities to ensure efficiency across our mining infrastructure, prolonging the life of our miners, while also increasing our ability to maintain low cost of power by eliminating the need for costly forced-air cooling."
About Midas Immersion Cooling
Midas Immersion Cooling is a leader in engineering design and integration of single-phase immersion cooling equipment solutions for ASIC miners and data servers. Midas Immersion's patented cooling tanks increase miner and server density, decrease power consumption, and significantly reduce cooling and infrastructure costs compared to traditional air-cooled environments.
About Riot Platforms, Inc.
Riot's vision is to be the world's leading Bitcoin-driven infrastructure platform. Our mission is to positively impact the sectors, networks, and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes. Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The Company has data center hosting operations in central Texas, Bitcoin mining operations in central Texas, and electrical switchgear engineering and fabrication operations in Denver, Colorado.
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