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Latest articles from EnergyMag covering energy, digital mining, and AI infrastructure.
Bitcoin mining’s annual electricity consumption increased by an estimated 38% in the 18 months through December 2025, outpacing the rise in associated greenhouse-gas emissions as miners drew a larger share of their power from low-carbon sources, according to preliminary Cambridge research.
The planned expansion will take place at NAVER's GAK Sejong data center in Sejong, South Korea, where the NVIDIA DSX platform will be deployed to provide a full-stack AI factory infrastructure. The initial buildout of 55 megawatts, announced previously, will be increased to 200 megawatts by 2028, with NAVER targeting a future scale of 1 gigawatt. This development aims to support AI innovators in Korea and the U.S. by offering large-scale AI compute resources for next-generation AI models and services.
Galaxy Digital Inc. said on Wednesday that an indirect wholly owned subsidiary plans to offer $3.507 billion of senior secured notes due 2031 in a private placement to help fund the next phase of its Helios AI data center campus in Dickens County, Texas.
Bitdeer Technologies Group mined 990 bitcoin in June, up 7.5% from the previous month, as the company continued deploying its proprietary mining machines while expanding its artificial-intelligence cloud business.
Ionic Digital said it expects as much as $195 million in revenue this year, offering investors a first financial outlook days before the bitcoin miner-turned-digital infrastructure company is set to begin trading on Nasdaq.
Ionic Digital expects its shares to begin trading on the Nasdaq Global Select Market on July 28 after the US Securities and Exchange Commission declared its registration statement effective, clearing the final major regulatory step for the company’s long-planned public debut.
IREN has raised its year-end AI Cloud annualized revenue target to more than $4 billion from $3.7 billion after signing new multi-year agreements with AI developers.
Hut 8 Corp. (Nasdaq, TSX: HUT) announced the full commercialization of its Beacon Point AI data center campus located in Nueces County, Texas. This follows the execution of a second 15-year triple-net lease valued at $9.8 billion. The deal doubles the IT capacity footprint for the existing tenant, adding 352 megawatts (MW) to their previous commitment.
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.
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