Tag: Data center

BusinessInfrastructure

Mongolia’s Sovereign Wealth Fund Seeks Data Center Development Partners

Mongolia’s $1.4 billion sovereign wealth fund is actively courting data center developers to capitalize on the country’s favorable climate and available clean energy. The initiative includes developing special economic zones as part of the massive Hunnu City smart city project outside Ulaanbaatar.

Mongolia’s sovereign wealth fund is actively pursuing data center development opportunities, leveraging the country’s vast land resources and favorable climate conditions to attract international investors. The Chinggis Khaan Sovereign Wealth Fund, named after the legendary Genghis Khan, sees significant potential in transforming Mongolia into a regional hub for digital infrastructure.

Strategic Advantages for Data Center Development

by Desai Priyanka
Assistive TechnologyInfrastructure

Verne Sells Finnish Data Centers to Glesys in Nordic Expansion Deal

Verne has sold its Finnish data centers in Pori and Tampere to Nordic cloud provider Glesys. The strategic move allows Verne to focus on AI-ready colocation expansion while Glesys strengthens its regional footprint. Both companies aim to meet growing demand for sustainable digital infrastructure.

Nordic data center firm Verne has sold two Finnish facilities and its managed private cloud operations to fellow Nordic provider Glesys, marking a significant strategic realignment in the region’s digital infrastructure landscape. The transaction includes Verne’s facilities in Pori and Tampere, strengthening Glesys’ position in the Finnish market while enabling Verne to focus on its expansion plans for AI-ready infrastructure.

Strategic Expansion Across Nordic Countries

by Desai Priyanka
Arts and EntertainmentBusiness

Why This 9.9% Yielding AI Utility Fund Is Dangerously Overvalued

The AI data center boom has sent utility stocks soaring, but one popular closed-end fund trading at nearly double its net asset value poses significant risks for income investors. Learn why GUT’s 9.9% yield comes with substantial overvaluation concerns.

Artificial intelligence infrastructure investments are reshaping the global economy, creating both opportunities and pitfalls for income investors. While the AI data center buildout drives unprecedented power demand, one particular utility-focused closed-end fund has become dangerously disconnected from its underlying value. The Gabelli Utility Trust (GUT) currently yields an attractive 9.9%, but our analysis reveals it’s trading at nearly double its net asset value, making this popular AI play approximately 90% overvalued.

The AI Data Center Revolution Driving Power Demand

by Desai Priyanka