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Foundry CEO Mike Colyer is stepping down after seven years as the Bitcoin pool’s block share retreats and miners shift infrastructure toward AI. ...
Applied Digital Corporation (Nasdaq: APLD) reported its financial results for the fiscal first quarter of 2027 today, posting total revenues of $341.9 million. This top-line figure represents a 322% year-over-year increase, driven heavily by tenant fit-out services and hardware sales.
DarkHorse Technologies Inc., through its wholly owned subsidiary Pennyrile Holdings, LLC, has entered into a power agreement with the Electric Plant Board of Hopkinsville (HES) to supply up to 50 MW for a new superintelligence factory in Kentucky. This commitment doubles the company's contracted power in the Tennessee Valley Authority (TVA) region to roughly 100 MW.
Nscale Limited announced on October 6, 2026, that Amy Banse has joined its Board of Directors and will lead its Compensation Committee. Banse possesses more than 30 years of experience in corporate strategy and investment, currently serving on the boards of Adobe, Lennar Corporation, and On Holding AG. Her professional history includes executive leadership at Comcast Corporation and Comcast Ventures, as well as prior board roles at Clorox and several high-growth startups such as Nextdoor and Quantifind.
Applied Digital has reached an agreement to access up to 1 gigawatt (GW) of power capacity in Finland for its first international development project. The Dallas-based firm, which specializes in purpose-built data centers, intends to develop a large-scale "AI Factory" in the Nordic region to support high-performance computing (HPC) and machine learning applications.
Fortitude Mining has signed a non-binding agreement to buy up to $100 million of next-generation Zcash mining equipment from Bitmain, while parent Digital Currency Group increased its credit facility to $70 million.
Bitcoin miners’ lost hashrate represents $1.5 billion in hardware at $20 per TH/s, exposing the earlier investment behind rising AI revenue. ...
A New Jersey bankruptcy judge approved another round of bidding for Poolin’s Texas mining and data center assets after a dispute over the selection of Hut 8. ...
AIB Data Centers signed a binding agreement to supply Nebius with 50 megawatts of data center capacity in the southeastern United States, securing a long-term customer for its AI infrastructure expansion.