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Quantum Loophole has appointed Rick Keiner as Chief Financial Officer, bringing 20 years of experience from high-growth environments. He played a key role in negotiating financing for the Quantum Frederick project in Maryland, which spans over 2,100 acres dedicated to data center development. Keiner's background includes vital positions at CyrusOne and Cincinnati Bell, where he contributed to their IPOs and financial strategies. His leadership is expected to enhance Quantum Loophole's financing, investment strategies, and sales pipeline, particularly with the upcoming QLoop fiber-optic network.
CyrusOne has completed its approximately $15 billion acquisition by KKR and Global Infrastructure Partners. Following the acquisition, trading of CyrusOne's shares has been suspended on NASDAQ and a delisting request has been filed. This transaction marks a pivotal moment for CyrusOne, which now anticipates leveraging the extensive resources and expertise of KKR and GIP to support its global expansion and capitalize on rising demand for data center solutions. The company aims to enhance its market position and deliver more value to stakeholders.
CyrusOne Inc. has completed the sale of its four Houston data center assets to DataBank Holdings for approximately $670 million, with a lease agreement for the Houston West III shell to support a hyperscale customer. This transaction is part of CyrusOne's capital recycling initiative aimed at funding growth. The company continues to optimize its portfolio, focusing on redeploying capital into developments that provide substantial returns.
CyrusOne Inc. (NASDAQ: CONE) reported 4Q21 revenue of $318.4 million, marking a 19% increase year-over-year. Full-year revenue reached $1.2057 billion, a 17% growth from FY20. Despite a net loss of $7 million in 4Q21, the company achieved records in leasing with 101 MW and 530,000 CSF leased, generating $104.3 million in annualized GAAP revenue. The company has a backlog of approximately $177 million in annualized GAAP revenue. CyrusOne announced a dividend of $0.52 per share for 1Q22, conditional on merger closure.
CyrusOne (NASDAQ: CONE), a top-tier global data center REIT, has appointed Anthony Rizzo as Vice President, Public Sector. Based in Northern Virginia, Rizzo brings over 20 years of experience in data center public sector solutions. His leadership aims to enhance collaboration with public sector clients, focusing on cloud computing deployments. CyrusOne operates eight data centers in Northern Virginia, covering over 1.9 million square feet, supporting its strategic position in the market.
CyrusOne (NASDAQ: CONE) announced it will release Q4 2021 results after market hours on February 16, 2022. Following a definitive merger agreement, in which KKR and GIP will acquire all outstanding shares of CyrusOne, there will be no fourth quarter earnings conference call. Stockholders approved the merger proposal on February 1. As a leading global data center REIT, CyrusOne operates over 50 high-performance data centers and serves around 1,000 clients, including roughly 200 Fortune 1000 companies.
CyrusOne Inc. (NASDAQ: CONE) announced that its stockholders approved the merger with funds managed by KKR and Global Infrastructure Partners. The merger received 78.41% approval from common stock entitled to vote, with over 99.5% of votes cast in favor. Upon closing, shareholders will receive $90.50 per share in a transaction valued at approximately $15 billion, including debt. The merger is expected to close in Q2 2022, subject to customary conditions.
CyrusOne (NASDAQ: CONE) announced its first disclosure of environmental impact through CDP, emphasizing its commitment to sustainability. The company shared its progress in addressing climate change risks, highlighted by a 67% reduction in water consumption at its Carrollton, Texas data center. With over 13,000 companies disclosing through CDP, CyrusOne positions itself in line with industry norms. The company has expanded its net-positive water commitment, aiming to secure environmental transparency while maintaining competitiveness in the data center sector.
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