The server is running and is running well. Players will now notice significantly reduced lag while playing on the server.
The initial migration is complete and the server is running. The status page will reflect that the server is down for about 15 more minutes as a couple things are checked on the server to ensure that the migration was completed smoothly.
With the purchase of a new server, the Minecraft server will be migrated over to a new, more powerful server. Downtime will begin at Tue, 21 Jul 2020 16:00:00 +0800 and is expected to take an hour and a half.
The new server is still only designated New Gamma. It will eventually become the primary Gamma server but the overall migration is expected to take a week.
After the update, players can expect much better performance/less lag while playing on the server.