Why Facebook Needs Money: Data Centers

[qi:013] It is only a matter of time before Facebook gets some insane amount of money from someone like Microsoft (MSFT), but one thing is clear: it isn’t going to sit in the bank for very long. The company is growing way too fast and it needs a lot of servers and data center space. (OK if they want to be like Google (GOOG), they need to spend like Google.)

Data Center Knowledge blog is reporting that the company just signed a lease for new data center space in Virginia, which is on its way to becoming what seems like the data center capital of the world.

The deal for the 10,000 square feet of space in a new facility built by DuPont Fabros Technology (DFT), known as ACC4, was signed on Monday. It’s not clear when Facebook will start moving gear into the new space. I am keeping close tabs on Facebook’s cap-ex spending and if you have any special insights (or tips), send them my way.