ISLAND INFORMATION & Technology, Inc. (IS) said one of its subsidiaries is planning to develop a site within the Clark complex to host data centers. In a disclosureISLAND INFORMATION & Technology, Inc. (IS) said one of its subsidiaries is planning to develop a site within the Clark complex to host data centers. In a disclosure
Plans announced to develop Clark data center site
ISLAND INFORMATION & Technology, Inc. (IS) said one of its subsidiaries is planning to develop a site within the Clark complex to host data centers.
In a disclosure on Monday, IS said its Island Data Centers (IDC), Inc. unit entered into a memorandum of agreement with a firm called Y-I Corp. to jointly establish a property management company on a 50:40 basis whose main asset will be property rights to a three-hectare site leased from Clark Development Corp.
According to the agreement, the partners are hoping to sign up two data centers to establish operations on the site.
IS said the site management company has received “tentative interest to invest over P1 billion subject to contract from various investors and operators.”
IDC has also obtained a commitment from Clark Electric Distribution Corp. to service the data centers’ electricity requirements via a 69-kilovolt sub-transmission line. — Sheldeen Joy Talavera
Market Opportunity
Nifty Island Price(ISLAND)
$0,00596
$0,00596$0,00596
USD
Nifty Island (ISLAND) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Legendary Trader Peter Brandt Spots ‘Very Reliable’ Bitcoin Pattern as $90,000 Break Fails to Hold
The post Legendary Trader Peter Brandt Spots ‘Very Reliable’ Bitcoin Pattern as $90,000 Break Fails to Hold appeared on BitcoinEthereumNews.com. Legendary trader
Share
BitcoinEthereumNews2025/12/23 10:42
Fed Decides On Interest Rates Today—Here’s What To Watch For
The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
Elon Musk’s xAI partners with Pentagon to implement AI in US military systems
The post Elon Musk’s xAI partners with Pentagon to implement AI in US military systems appeared on BitcoinEthereumNews.com. Key Takeaways Elon Musk’s xAI will provide
Share
BitcoinEthereumNews2025/12/23 09:46