DataBank

About DataBank

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Company Overview

Recent Activity

• RegulatoryAug 27, 2026

  Orangetown enacts six-month data center moratorium

  The Orangetown Town Board in Rockland County, New York has enacted a six-month moratorium on new data center applications and battery energy storage system installations, citing concerns about noise, air emissions, visual impact, energy consumption, and proximity to residential areas. The moratorium exempts a Phase 2 expansion by DataBank at its existing 34-acre campus in Orangeburg, which was under review before the moratorium was passed; the expanded facility would add 77,862 square feet of data center space and consume enough electricity to power approximately 34,000 homes annually.

• RegulatoryJul 16, 2026

  Orangetown Planning Board Requires Environmental Impact Statement for DataBank Expansion

  The Orangetown Planning Board has unanimously voted to require a full Environmental Impact Statement (EIS) for the proposed Phase 2 expansion of the DataBank hyperscale data center complex. This decision, driven by significant public opposition and environmental concerns, particularly regarding water consumption and proximity to Lake Tappan, effectively halts the project indefinitely. The vote aligns with recent state-level actions, including Governor Hochul's executive order establishing a moratorium on new hyperscale data centers to develop stronger regulatory standards.

• M&A / fundingSep 14, 2023$2.2B

  DigitalBridge Completes $2.2B DataBank Recapitalization

  DigitalBridge Group completed a $2.2 billion recapitalization of DataBank, a leading edge data center operator with 65+ facilities across 27 markets. New investors including Swiss Life Asset Management, EDF Invest, and IMCO joined existing backers, with DigitalBridge receiving $479 million in gross cash proceeds and retaining ownership stake. The recapitalization will result in DataBank's deconsolidation from DigitalBridge's balance sheet, enabling independent growth driven by AI-driven demand for data center capacity.

• M&A / fundingNov 6, 2020$2.8B

  Colony Capital Completes Hospitality Sale and DataBank Acquisition of zColo

  Colony Capital announced the completion of its hospitality business sale for $2.8 billion, significantly reducing its debt and simplifying its business profile. Concurrently, Colony Capital led the $1.4 billion acquisition of zColo by DataBank, positioning DataBank as a leading U.S. edge colocation operator. This strategic move involves Colony Capital investing $145 million from its balance sheet and raising $500 million in co-investment capital, aiming to focus exclusively on digital infrastructure assets.

• Stage changeNov 6, 2020$317M

  Colony Capital Announces Third Quarter 2020 Financial Results

  Colony Capital announced its third quarter 2020 financial results on November 6, 2020. The company reported total revenues of $317 million and a GAAP net loss of $206 million. Notably, Colony Capital achieved positive Core FFO excluding gains/losses of $4.8 million, driven by progress in its digital transformation strategy. Key highlights include the acquisition of zColo by DataBank, the closing of the Vantage hyperscale data center acquisition, and raising over $1 billion in new capital.

• M&A / fundingOct 13, 2020$1.4B

  Colony Capital's zColo Acquisition by DataBank

  Colony Capital is filing an exhibit related to the pending acquisition of zColo by DataBank. The transaction overview highlights the strategic rationale, including zColo's complementary nature to DataBank's platform, creating a scaled U.S. edge colocation operator. The combined entity will have a larger footprint, an expanded customer base, and enhanced financial profiles. The deal is valued at $1.4 billion, with Colony Capital maintaining a 20% stake.

Platform & Sustainability