Sabey Data Centers Explained

Sabey Data Centers
Industry:Technology
Hq Location City:Tukwila, Washington
Hq Location Country:USA

Sabey Data Centers is a private company based in Tukwila, Washington. It owns or operates data centers in Virginia (Ashburn), Washington State (Quincy, East Wenatchee, Seattle) and in New York City, running a total of more than three million square feet of data center operations as of 2020. The company owns New York's largest special purpose data center, 375 Pearl Street.

Sabey was worth $600 million in 2012. The company negotiated a 30-year hydroelectric power contract from Bonneville Power Administration at the remarkably low price of 2.25 cents per kilowatt. In May 2020 the company issued $800 million in debt for expansion.[1]

Notes and References

  1. News: Sabey Data Centers issues $800 million in securitized notes. May 1, 2020 . Sebastian Moss. Data Center Dynamics. October 17, 2020.