Iron Mountain Signs 2.4 Megawatt Lease with Fortune 100 Technology Customer At Western Pennsylvania Data Center

Rhea-AI Summary

Iron Mountain (NYSE: IRM) announced a 2.4 megawatt lease with a major hyperscale enterprise software provider at its WPA-1 data center in Pennsylvania. This agreement, commencing Q1 2022 and lasting ten years, adds to Iron Mountain's extensive data center portfolio. The WPA-1 facility offers over 300,000 square feet of space and operates on 100% renewable energy, featuring geothermal cooling for sustainability. The firm also recently signed a 6 megawatt lease in Virginia, highlighting increasing demand for secure, compliant data center services amidst privacy regulations.

Positive

• Secured a 2.4 megawatt lease with a leading hyperscale software provider.
• Lease terms of ten years signify long-term commitment and revenue stability.
• WPA-1 facility operates on 100% renewable energy, attracting eco-conscious clients.
• Geothermal cooling enhances operational efficiency and sustainability.

Negative

• None.

Iron Mountain (NYSE: IRM), the global leader in innovative storage and information management services, today announced that it has signed a 2.4 megawatt lease with a leading hyperscale enterprise software provider. The customer will deploy at Iron Mountain’s WPA-1 data center in Boyers, Pennsylvania, and has existing deployments at other Iron Mountain data centers. Iron Mountain’s data center solution met the security, resiliency, scalability and interconnection requirements of the customer. The lease is expected to commence in the first quarter of 2022, and has a term of ten years.

Located 60 minutes north of Pittsburgh, WPA-1 is a 200-acre facility based 220 feet underground. The facility offers the full breadth of Iron Mountain services including over 300,000+ square feet of data center space with a total potential IT capacity of more than 15 megawatts. The facility is protected by federal grade security and is a highly compliant location that mitigates man-made & natural disasters, and offers long-term scalability. The data center leverages water from an underground lake that provides geothermal cooling to enable a highly efficient and sustainable environment.

Like all Iron Mountain data centers, WPA-1 is powered by 100% renewable energy and offers customers access to Green Power Pass. The Green Power pass enables data center users to reduce their reportable greenhouse gas emissions and meet their public green power and/or carbon reduction goals. Iron Mountain Data Centers also adhere to one the most comprehensive compliance programs in the industry including enterprise-wide certified ISO 14001 and 50001 environmental and energy management systems.

As previously disclosed, Iron Mountain recently signed a 6 megawatt lease with a leading hyperscaler at its data center campus in Manassas, Virginia. This customer is a new logo to Iron Mountain’s data center platform, and will enhance the already rich ecosystem of the campus. The lease is expected to commence in the fourth quarter of 2021, and has a term of five years.

“As public and private sector organizations face increasing privacy, security and environmental regulations for their data center needs, our data centers in Western Pennsylvania and Northern Virginia are in high demand as the ideal option for connecting and protecting critical IT infrastructure and applications,” said Rick Crutchley, Vice President & General Manager, North America at Iron Mountain Data Centers. “We are pleased to welcome a key new customer to the Iron Mountain ecosystem and we are honored that our existing customer chose to continue to expand with us. Both of these locations are ideal for a wide range of core retail enterprise and hyperscale colocation customers, and we look forward to continuing to support them across our global platform.”

For more information on Iron Mountain Data Centers, visit https://www.ironmountain.com/data-centers.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is the global leader in innovative storage and information management services, storing and protecting billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain helps customers CLIMB HIGHER™ to transform their businesses. Through a range of services including digital transformation, data centers, secure records storage, information management, secure destruction, and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.

To learn more about Iron Mountain, please visit: www.IronMountain.com and follow @IronMountain on Twitter and LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210809005141/en/

FAQ

What is the significance of Iron Mountain's new lease in Pennsylvania?

Iron Mountain signed a 2.4 megawatt lease with a hyperscale enterprise software provider for its WPA-1 data center, enhancing revenue stability and expanding its customer base.

When does the new lease at Iron Mountain's WPA-1 data center begin?

The lease is expected to commence in the first quarter of 2022.

How does Iron Mountain's WPA-1 data center ensure sustainability?

WPA-1 operates on 100% renewable energy and uses geothermal cooling, promoting a sustainable environment.

What recent leases has Iron Mountain secured besides the Pennsylvania lease?

Iron Mountain recently signed a 6 megawatt lease at its data center campus in Manassas, Virginia.

How large is the WPA-1 data center facility?

The WPA-1 facility spans over 300,000 square feet with a total potential IT capacity exceeding 15 megawatts.