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Latest articles from EnergyMag covering energy, digital mining, and AI infrastructure.
Galaxy Digital’s proposed Caspian data center will have to compete for transmission capacity under a Texas grid review, a setback to the company’s requested treatment as it expands beyond its Helios campus.
Sphere 3D has priced a $5 million private placement and agreed to sell non-core mining assets for another $5 million as it redirects capital toward AI and high-performance computing infrastructure in Tennessee and Kentucky.
Soluna Holdings completed its 83-megawatt Kati 1 bitcoin-hosting facility in Texas and received conditional grid classification for the broader campus, including a planned artificial intelligence expansion.
IREN said its 2-gigawatt Sweetwater data center hub in Texas received conditional base load classification under ERCOT’s Batch Zero process, a step in its grid review that remains subject to further approvals.
According to a Form 6-K filed with the SEC on September 3, 2026, Nolan's exit involves a separation agreement with the company's US-based operating unit, Argo Operating US LLC. Under the terms of the deal, Nolan will receive a one-time cash payment of $250,000, subject to standard tax withholdings. The agreement becomes final following a seven-day period during which the revocation right must remain unexercised. The settlement includes mutual releases and does not constitute an admission of liability or wrongdoing by any party involved.
Nscale and Figure have entered a multi-year strategic partnership to provide compute infrastructure for humanoid robotics. The deal includes an initial $3.5 billion commitment for compute resources, with the intent to scale to over $6 billion. As part of the agreement, Nscale will become a shareholder in Figure and serve as the company's preferred compute provider.
Nscale is telling prospective investors that its signed contracts represent about $103 billion in future revenue as the British AI infrastructure provider prepares for a potential US initial public offering, according to documents reviewed by The Information.
Cipher Digital Inc. (NASDAQ: CIFR) has commenced the development of lateral pipelines to deliver natural gas to multiple data center sites. The infrastructure is designed to facilitate "bring-your-own-generation" (BYOG) capacity, supporting the on-site production of up to 2.5 gigawatts (GW) of electricity.
On September 2, 2026, NVIDIA finalized an agreement to buy Hugging Face, Inc. for a base price of roughly $11.9 billion. Beyond the purchase price, the deal includes an equity-based retention package worth up to $1.0 billion for Hugging Face staff who transition to NVIDIA. The acquisition is expected to conclude in the first six months of 2027, provided it receives the necessary regulatory clearances.
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