Data center industry
Coverage of Data center industry in the Nexus archive.
- Virginia General Assembly approves Spanberger’s budget amendments, ending monthslong impasse
The Virginia General Assembly approved Gov. Abigail Spanberger’s budget amendments, resolving a months-long impasse before the new fiscal year. The $207 billion biennial budget includes technical corrections and policy revisions, such as data center adjustments, utility rebates, and law enforcement rules, and becomes law without the governor’s signature.
- Virginia lawmakers return Monday to weigh Spanberger budget amendments before fiscal deadline
Virginia lawmakers will reconvene in Richmond to consider Gov. Abigail Spanberger’s 14 budget amendments ahead of the July 1 fiscal deadline. The amendments include reducing the state’s unappropriated surplus, increasing pay for home-care workers, and introducing water-conservation requirements for data centers.
- Senate budget proposal keeps data center sales tax exemption, adds new tax for industry
The Virginia Senate's budget proposal maintains a sales tax exemption for data centers but introduces a tiered tax on diesel generators used by the industry, projected to generate $1.8 billion for the state. The tax aims to address pollution concerns and offset lost revenue from the exemption, with varying rates based on generator types.
- Data Center Firm Csquare Files Confidentially for US IPO
Csquare, a data center firm, has filed confidentially for a US initial public offering (IPO), indicating growing interest among data center companies to enter public markets in the coming year.