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Latest coverage of energy, compute, and markets
The $1.6 billion transaction with Dell includes GPUs, servers, storage, networking, and ancillary equipment, as well as integration services and warranties. Payment terms for the agreement are structured on a post-shipment basis, and IREN is currently advancing GPU financing in connection with the purchase.
Core Scientific appointed former Equinix Chief Executive Officer Steve Smith to its board, adding a veteran data center executive as the company tries to scale one of the largest AI infrastructure buildouts among former Bitcoin miners.
TeraWulf shares rose about 8% in pre-market trading on Tuesday after the company said it acquired a large-scale data center development site in Eastern Kentucky, expanding its pipeline for artificial intelligence and high-performance computing infrastructure.
In the final installment of our Bitcoin-AI convergence series, we examine how miners are actively evolving into energy-backed compute infrastructure operators a...
Bitcoin mining entrepreneur Chun Wang, who commanded SpaceX’s Fram2 polar-orbit mission, is set to fly on Starship’s planned commercial missions around the Moon...
New West Data plans to acquire Alberta oil and gas assets that would triple production and lift off-grid power capacity to 35 MW for Bitcoin mining and AI compu...
Situational Awareness’ Q1 filing shows the rising AI fund loading up on bitcoin miners with cheap monetized megawatts and still-unpriced HPC upside. ...
Applied Digital announced on Wednesday that it has entered into a 15-year take-or-pay lease agreement with a U.S.-based high investment-grade hyperscaler for its Polaris Forge 3 campus, located in a northern state. The lease covers 300 megawatts of critical IT load and is valued at approximately $7.5 billion in base-term revenue, with potential total value reaching $18.2 billion if all renewal options are exercised.
Under the terms of the agreement, NextEra Energy Chairman and CEO John Ketchum will lead the combined company as chairman, president, and CEO. Dominion Energy Chair, President, and CEO Bob Blue will transition to the role of president and CEO of Regulated Utilities. In this capacity, Blue will oversee Florida Power & Light (FPL) alongside Dominion's existing utility operations in Virginia, North Carolina, and South Carolina.