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TeraWulf Secures Google Credit Backstop for $19 Billion Anthropic AI Lease
TeraWulf has secured Google credit support for planned debt financing of a Kentucky data-center campus leased to Anthropic, advancing funding arrangements for a project expected to generate about $19 billion in revenue over 20 years.
Riot Sold 10,599 Bitcoin in Third Quarter as AI Expansion Accelerated
Riot Platforms sold 10,599 Bitcoin in the third quarter, drawing down its cryptocurrency reserves as it expanded into data centers and signed a $28 billion lease for its Corsicana campus in Texas.
27 min ago
Hut 8 Achieves $189.5 Million Q3 Profit and Secures $1.07 Billion Credit Facility
Hut 8 Corp. (Nasdaq, TSX: HUT) reported its financial performance for the quarter ended September 30, 2026, highlighting a net income of $189.5 million. This figure represents a sharp rise from the $50.6 million recorded in the prior year's third quarter, primarily attributed to $413.8 million in gains from digital asset holdings. Revenue for the period stood at $71.1 million, while Adjusted EBITDA improved slightly to $33.0 million.
1h ago
WhiteFiber Closes $60M Data Center Acquisition as NC-1 Delays Full Revenue Ramp
WhiteFiber (NASDAQ: WYFI) has completed the $60 million acquisition of two industrial properties in North Carolina for conversion into AI data centers, expanding its development pipeline even as commissioning problems at an existing facility continue to delay full revenue generation.
15h ago
Nvidia Tells Cloud Clients to Reduce Chinese Business: FT
Nvidia has reportedly told its cloud computing customers to sell at least 51% of their services to non-Chinese companies, potentially narrowing Chinese technology groups’ access to advanced AI computing overseas.
23h agoTEM Explainer Series
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Riot Sold 10,599 Bitcoin in Third Quarter as AI Expansion Accelerated
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Hut 8 Achieves $189.5 Million Q3 Profit and Secures $1.07 Billion Credit Facility
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OpenAI Plans ‘Compute Campus’ Rebrand as Data Center Opposition Grows
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Cipher Digital Books First HPC Revenue as Data Center Buildout Advances
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Soluna Repays $28.7 Million Credit Facility to Generate Capital
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