GIGA Data Centers, LLC (GIGA) has announced that Jake Ring, company CEO, has been selected to address attendees of CAPRE’s second annual Carolinas Data Center and Cloud Infrastructure Summit. To be held on May 14th at the Omni Charlotte Hotel, Charlotte, NC, Mr. Ring will discuss how debt/equity return requirements have changed, why capital investments and flows are affecting valuations, the evolution of the Carolinas market and data center regional development and site selection.
CAPRE is the organizer of the longest-running regional data center conference series in North America. Titled, “Carolinas Data Center Market 360: An Overview of Capital Raising, Regional Development and Site Selection Advantages,” Ring will join a panel of industry executives from 9:20 to 10:20 a.m., as they highlight rents, revenues, margins and the need for cost reduction, among many important financial considerations within the Carolinas’ data center market.
According to Datacenters.com, there are currently 15 providers and 32 data centers in North Carolina. This includes 30 colocation facilities and 23 cloud nodes. South Carolina has three providers and seven data centers. This includes seven colocation facilities and six cloud nodes. By offering the flexibility to support up to 50kW per rack/cabinet yet still deliver a Power Use Efficiency (PUE) rating of 1.15, and a planned 60MW of capacity at below 5₵ per kWhr, GIGA’s new Mooresville, NC data center stands as the ideal next-generation colocation data center within the region.
“The Carolinas region holds tremendous growth potential for new data center demand,” Ring said. “However, as this market continues to expand, we need to build more efficient facilities that offer a better value for colocation through better flexibility in server rack power density and greater efficiency. I am honored to be selected by CAPRE to address these important issues.”