Finance News – Data Centers
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Vistra sees electricity demand trending like it’s the 1990s, fueled by AI and crypto
Vistra Corp. increased its profit forecast for the upcoming year due to growing electricity consumption driven by data centers supporting artificial intelligence and cryptocurrency...
Read Full Article →iPhone maker Foxconn joins $1 trillion AI data center market with new alliance
Foxconn's investment in TECO and commitment to global data center development, including in the U.S., marks a strategic move into the rapidly expanding AI infrastructure sector val...
Read Full Article →Microsoft's next big AI test is here as it cuts thousands of jobs
Despite workforce reductions, the company’s substantial investment in data infrastructure positions it for potentially increased income from its growing artificial intelligence ini...
Read Full Article →Blockchain startup Bitzero raises $25m
Bitzero has obtained $25 million in investment to enhance its revenue stream and advance its goal of developing environmentally friendly and efficient mining facilities worldwide.
Read Full Article →Nvidia addresses AI chip smuggling, says bootleg data centers are a 'losing proposition'
Nvidia’s decision to resume chip sales to China following regulatory progress reflects a strategic move to protect its market share and revenue amid challenges posed by unauthorize...
Read Full Article →Bitcoin miners pivot to HPC: Bitzero raises $25M to expand into high-margin data centers
Bitzero’s recent $25 million funding round supports its shift toward high-performance computing and data centers, highlighting a growing trend among cryptocurrency miners seeking m...
Read Full Article →Norway Plans Ban on New Crypto Mining Data Centers to Preserve Power
The government’s decision to halt new cryptocurrency mining facilities aims to manage rising energy consumption, potentially affecting electricity costs and investment opportunitie...
Read Full Article →Bitcoin, Dogecoin Targeted as Norway Eyes Ban on New Crypto Mining Operations
Norway’s consideration to temporarily halt new data centers for cryptocurrency extraction could impact the digital asset market and influence investment decisions within the blockc...
Read Full Article →In race to attract data centers, states forfeit hundreds of millions of dollars in tax revenue to te...
Several states offer substantial tax breaks to major technology firms for data center development, resulting in significant reductions in public revenue to encourage investment in...
Read Full Article →Riot Platforms Boosts Bitcoin Output to 514 BTC as Hashrate and Expansion Plans Ramp Higher
Riot Platforms increased its Bitcoin production to 514 BTC while simultaneously enhancing its processing power and progressing with large-scale data center developments in Texas ai...
Read Full Article →Riot Platforms Taps Data Center Veteran to Expand Beyond Bitcoin Mining
Riot Platforms is diversifying its business by appointing Jonathan Gibbs to develop large-scale data center operations focused on artificial intelligence and cloud services, potent...
Read Full Article →Pakistan announces Bitcoin strategic reserve
Pakistan’s decision to hold a sizable digital currency reserve highlights a strategic effort to integrate cryptocurrency into its national economy and attract international investm...
Read Full Article →The AI data center race is getting way more complicated
Recent shifts in major technology companies’ data center strategies reflect growing financial caution amid evolving market dynamics and uncertainty about long-term demand for AI-re...
Read Full Article →Pakistan to allocate 2,000 MW for Bitcoin mining and AI data centers
The decision to dedicate a substantial power supply to cryptocurrency mining and AI infrastructure is expected to impact energy markets and attract related investment opportunities...
Read Full Article →Pakistan Taps Surplus Power Capacity to Fuel Bitcoin Mining, AI Data Centers
Pakistan aims to generate additional revenue by using underutilized coal power plants operating well below capacity to support cryptocurrency mining and artificial intelligence dat...
Read Full Article →CoreWeave shares soar 19% after $2 billion debt offering
The company’s recent $2 billion debt issuance led to a notable increase in its stock price, reflecting investor interest and potential confidence in its financial strategy.
Read Full Article →Nvidia's Future Vision: 'AI Factories' With Millions of Agents and Robots Working With Humans
Nvidia's plan to transform data centers into collaborative environments integrating millions of AI agents and robots alongside humans could potentially drive significant growth and...
Read Full Article →AI's GPU obsession blinds us to a cheaper, smarter solution
Leveraging existing idle CPUs via decentralized networks can substantially reduce AI infrastructure costs and improve resource utilization, offering a more economical alternative t...
Read Full Article →Mark Zuckerberg's Meta dreams, Microsoft's earnings smash, and Reddit's surprise: Tech news roundup
Major technology companies have invested heavily in AI infrastructure over the last two years, but recent developments indicate a potential slowdown in spending despite ongoing exp...
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