In This Article:
Dr. Ishnella Azad CEO & Founder Data Journey
HOUSTON, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Data Journey LLC, a leading woman and minority-owned data center provider, is proud to announce the acquisition of its third property, the Spartanburg site, from Greenidge Generation Holdings Inc. (Nasdaq: GREE) for $12.1 million. The purchase is a significant milestone for Data Journey as it marks their entry into the South Carolina market and supports the company’s aggressive growth trajectory.
Under the leadership of CEO and Founder Dr. Ishnella Kaur Azad, Data Journey is focused on building a more inclusive, sustainable, and scalable future for the data center industry. As the first woman and minority-owned company in this sector, Data Journey is uniquely positioned to look at the entire ecosystem, ensuring that their operations not only meet the growing demands of their customers but also promote environmentally and socially responsible practices that benefit both the company and the community.
"I’m excited about the acquisition of the Spartanburg property, which marks an important step in Data Journey's expansion and our mission to provide cutting-edge IT infrastructure solutions," said Dr. Ishnella Kaur Azad, CEO of Data Journey. “This acquisition not only accelerates our growth in the South Carolina market but also strengthens our commitment to sustainable practices across all stages of our operations. The foundation laid by Greenidge at this site allows us to move quickly toward developing a state-of-the-art data center that will deliver unmatched scalability, security, and efficiency for our customers.”
The Spartanburg property, which spans 152 acres, offers a strategic location with significant power access, initially providing 60 MW of capacity, scalable up to 100 MW. Greenidge previously purchased the site in 2021 for $15 million, recognizing its potential as a power-rich industrial location. Following a series of transactions, including the 2023 sale of 23 subdivided acres to NYDIG ABL LLC, the property’s remaining land is now poised for its next chapter as a key data center hub for Data Journey.
“Data Journey’s purchase of the Spartanburg site marks an exciting milestone in our growth journey,” Dr. Azad continued. “We’re not just building data centers; we’re creating sustainable, forward-thinking infrastructure that supports our customers while minimizing our environmental footprint. As we continue to expand, we’ll ensure that our practices remain centered around the long-term well-being of both our stakeholders and the communities we serve.”