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Latest coverage of energy, compute, and markets
Nebius Group has secured approximately $775 million through its first senior secured debt facility, using deployed graphics-processing infrastructure and contracted customer payments as collateral as the AI cloud company looks to recycle capital into further expansion.
Galaxy Digital Inc. (Nasdaq: GLXY) announced a landmark 15-year naming rights partnership with Texas Tech University to rebrand the home of Red Raider Football as Galaxy Stadium starting with the 2026 season. The agreement comes at a pivotal time for Texas Tech, following a Big 12 title and College Football Playoff appearance, and will create a new revenue stream for the athletics department.
Braiins and Enel North America have launched a software-based energy management service for bitcoin miners, adding to an industry push to extract more revenue from existing fleets as depressed hashprice leaves operators with little room for inefficiency.
Soluna Holdings has appointed former Microsoft data center construction executive Ryan Carver as chief development officer, adding hyperscale development experience as the bitcoin mining operator advances two planned artificial intelligence and high-performance computing campuses in Texas.
New York’s data center moratorium, PJM’s capacity shortfall and delayed projects show the AI power crunch is now slowing real-world infrastructure growth. ...
IREN has appointed former Nutanix security executive Eric Hammersley as chief information security officer, adding another senior hire as the company expands its AI cloud business across data center infrastructure, computing hardware and software.
Keel Infrastructure has secured municipal approval to consolidate 96 megawatts of power currently used by three bitcoin mining facilities into a planned high-performance computing and artificial intelligence data center campus in Sherbrooke, Québec.
Galaxy Digital has appointed former Xerox Chief Executive Officer Steven Bandrowczak to its board of directors, adding an enterprise-technology veteran as the company expands beyond digital assets into large-scale data center infrastructure.
CleanSpark signed a 20-year data center lease expected to generate $6.6 billion in revenue, while placing its 885 MW Texas portfolio under exclusivity. ...