Mitsubishi Corporation has acquired a majority stake in two fully leased data centers developments in Dallas, Texas, for a combined cost of around $800 million.
The investment represents Mitsubishi’s first overseas venture in its data center business.
Mitsubishi first made a commitment to Japan’s data center industry in 2017 by partnering with the largest DC-focused REIT in the US, Digital Realty Trust, to establish the joint-venture company MC Digital Realty.
In addition to providing companies engaged in generative artificial intelligence (AI) with data center services that can accommodate the processing capabilities of the very latest AI semiconductors, MC Digital Realty claims it has also partially decarbonised its power sources.
Mitsubishi said it made this strategic decision to enter the US due to it not only being the world’s largest data center market, but also the most advanced, with recent technological developments enhancing the country;s “mega-market” potential.
Both the newly-acquired data centers are located in Texas, a state in which Mitsubishi claims to have a “strong business history” through its real-estate projects for more than three decades.
“Data centers and other digital infrastructure support the growth of new technologies that promise to revolutionise our daily lives and businesses,” the company said in a statement.
“By building expansive data center operations in the US and using the experience and expertise gained from them to establish similar operations in Japan and other regions, Mitsubishi Corporation is aiming to grow our data center business both domestically and internationally, focusing on peripheral advanced fields such as generative AI, semiconductors, and communication technologies, while taking into account their ripple effects.”
-
Shruti Khairnar is a seasoned B2B reporter with a diverse background in financial journalism. She has written for prominent B2B publications including FinTech Futures, ESG Investor, Sustainabonds and more.
