Gnax have released an official explanation for this, im sure glowhost will update shortly. To cut a very very long story short it was a series of freak events. A main utility company supplying the datacentre failed causing a complte outage, the backup generators kicked in an most things rebooted. However both battery systems failed (the main and redundant) causing the complate failure. Once running multiple hardware failures and router problems caused a catalog of problems which had to be fixed.
That is a very very short version of what happened!