Today we've deployed a new server in Singapore to double the capacity and redundancy of our Asian infrastructure. We're doing this because last month we had an ill-timed fault with our only Asian server which we weren't able to resolve for about 10 days and so we wanted to expand our Asian infrastructure so that our customers don't face higher latency if the same thing were to occur again and also if we're performing scheduled maintenance.

You may have seen in the news recently that the price of memory and to a lesser extent storage has increased in price due to demand far exceeding worldwide supply. This has had an impact on our urgency to add an extra server before the pricing became completely unreasonable, already this server while being the same specification as our other Singaporean server will cost us twice as much every month and it had a significant up-front allocation fee when in the past no fee was imposed.

In addition, while Singapore is a great place to host servers as it has great network connectivity to surrounding countries and a stable government it has some of the highest square-meter land costs in the world and as a result datacenter space is sold at an extreme premium. We are looking to pay eight times higher prices for servers in Singapore when compared to India and three times higher costs compared to Europe. So us having multiple servers there is a significant monetary investment but one we know will benefit our growing customer base.

So that's the update for today, the new server called PLUTO is live and accepting requests right now. As always, thanks for reading and have a wonderful week.