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In its 8-K, the Grapevine, Texas-based company said it had signed a deal with Tarantula Ventures LLC " to lease approximately 36,700 square feet of raised floor space and approximately 10,000 square feet of office and storage space in a data center facility located in the Chicago, Illinois, area."
The 15-year deal will cost Rackspace between $140 million and $150 million. The facility "will be provided with maximum critical load power of 5.633 megawatts." By way of comparison, the New York Independent System Operators routinely provides loads of between 17,000 and 21,000 megawatts.
In June, Rackspace frustrated customers and suffered its own financial harm when it went through power outages at its Texas facility. In a separate SEC filing in June, the company reported that it would have to pay out "make goods" of between $2.5 million and $3.5 million to customers impacted by those outages.
Rackspace provides server hosting services and has been particularly popular with those interested in cloud computing models. Last month, Rackspace announced it was releasing a public beta of its Cloud Servers API " which it said would allow developers to build applications that could detect loads and scale server numbers up and down in an "on-demand" fashion.
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