BILLION-DOLLAR ADVICE
A $2.8 billion investment will establish national investment firm NorthMark Strategies’ first South Carolina-based operations in Spartanburg. The company’s facility will provide a high-performance computing center that will support businesses within the engineering and technology sectors with strategic advice, asset management and value-added services. “Of the more than 100 locations across the country we considered, Spartanburg stood out for its strong community, skilled workforce, dynamic economy and strategic advantages,” said NorthMark Strategies President Jen Byrne. “Our investment in this high-performance computing center solidifies our commitment to building for future growth and being prepared to meet the growing demand for HPC capabilities among our current and future investment partners head-on.” This project brings the company’s U.S. portfolio to five locations across the nation. It is anticipated that operations will begin in late 2026, creating 27 new jobs.
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BROKEN GROUND IN TEXAS
Global data center developer CyrusOne, based in Dallas, announced construction has officially begun on the company’s new data center in Fort Worth, Texas. “As the second largest data center market in the U.S., the Dallas-Fort Worth metroplex is a strategic investment for CyrusOne and our customers, expanding our portfolio with total capital investments in the state of Texas exceeding $2.4 billion,” said CyrusOne CEO Eric Schwartz. “Our new Fort Worth location will enable us to continue to bring innovative solutions to meet the growing needs of our customers.” Named “DFW7,” the planned $200 million, 70-megawatt campus will feature multiple buildings on a site in Tarrant County. The data center will span 1.9 million sq. ft. once complete. The project was initially slated to break ground in 2024 with completion slated for 2026, although it is unclear whether the postponed groundbreaking will affect the original timeline. CyrusOne operates more than 55 data center locations in the U.S., Europe and Japan.
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CHINESE FIRM REINVESTS IN THE CONGO
China-based Tengyuan Cobalt Industry New Materials will introduce a new $134.2 million mineral processing plant in the Democratic Republic of the Congo by late 2026. The EV battery materials manufacturer’s investment will support a planned joint venture the company will pursue with local partner SAWA Congo Mining to develop operations in the Lualaba province, located in southern Congo. The plant will produce 30,000 tons of refined copper and 2,000 tons of cobalt salt per year. The construction of this facility joins the company’s first mineral refining plant in the DRC, which became operational in 2023, producing 60,000 tons of refined copper and 10,000 tons of cobalt salts. This move aims to aid Tengyuan in securing raw material supplies, lowering procurement costs and boosting production capacity.
Reports compiled and written by Alexis Elmore
