Revenue Growth & Expectations - Trillion-dollar companies, Microsoft and Meta, are posting over 20% revenue growth quarter-on-quarter, exceeding expectations [1] - Microsoft is experiencing 18% growth [1] - Meta is signaling a potential 25% growth for the next quarter [1] Capital Expenditure (CapEx) & Investment - Microsoft's ASEAN number is $75 billion, revealing CapEx spending for generative AI [2] - Companies are committing to higher CapEx spending, indicating firepower for further investment in AI [3] - Meta's generative AI is improving ad performance, leading to a 9% increase in ad pricing [3] - Companies are investing heavily in talent, including $200 million pay packages, to scale AI [4] AI & Superintelligence - Companies are focusing on making AI more personable, aiming for a superintelligence helper for personal use [4] - Meta is articulating the implications of superintelligence lapse for their business [3] - The vindication in CapEx comes through increased app usage driven by AI advancements [5]

Financial Data and Key Metrics Changes - Adjusted diluted earnings per share (EPS) was $0.95, up approximately 42% year-on-year, primarily driven by higher adjusted operating profit [12][29] - Organic sales grew 34% year-on-year, with strong performance in the Americas (up mid-40s) and APAC (up mid-30s), while EMEA delivered high single-digit growth [13][30] - Adjusted operating profit was $489 million, up 28% year-on-year, with an adjusted operating margin of 18.5%, approximately 110 basis points lower than the prior year due to tariffs [15][30] - Free cash flow for Q2 was $277 million, down year-on-year, but adjusted free cash flow for the first half was $542 million, a robust growth of 24% year-on-year [16][32] - Full-year adjusted free cash flow guidance raised to $1.4 billion, with net sales guidance increased by $550 million to $10 billion [17][37] Business Line Data and Key Metrics Changes - Americas organic sales increased by 43%, driven by strength in colocation and hyperscale markets, with an adjusted operating margin of 24% [32] - APAC saw a 37% organic sales increase, with margin expansion to 10.6% [32] - EMEA's organic sales grew 7%, but the region is expected to be flat for the full year due to operational execution challenges and investments in fixed costs [34][35] Market Data and Key Metrics Changes - The backlog stands strong at $8.5 billion, up 21% year-on-year and 7% sequentially from Q1, supporting increased guidance for the year [18] - The regulatory environment is becoming more conducive to AI infrastructure investment, positively impacting customer discussions and pipeline [19][110] Company Strategy and Development Direction - The company maintains a strategy of driving growth through organic expansion and strategic acquisitions, with a robust M&A pipeline [10] - Recent acquisition of Great Lakes is expected to enhance the company's capabilities in high-end rack solutions and AI infrastructure [26] - Ongoing investments in R&D and capacity expansion are aimed at staying ahead of market demand and delivering innovative solutions [11][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's performance and future trajectory, highlighting the digital revolution and the fundamental role of data centers [10] - The company anticipates that operational inefficiencies and execution challenges will be resolved by year-end, leading to improved margins in 2026 [31][102] - The management is optimistic about the growth trajectory and market share gains, particularly in the context of AI infrastructure [40][130] Other Important Information - The company plans to change how it communicates orders, providing projected full-year orders rather than quarterly orders to better align with business operations [19] - The tariff situation remains dynamic, with ongoing countermeasures being executed to mitigate impacts [20][21] Q&A Session Summary Question: Margin expectations for 2026 - Management believes that 2026 could be a more normal year for margins, with a positive long-term trajectory expected [48] Question: Strength in backlog and order duration - Backlog duration remains similar to historical trends, with some customers seeking earlier deliveries, indicating a healthy demand [52][53] Question: Impact of tariffs and inflation on pricing - Management indicated that they have the commercial leverage to recover tariffs, despite delays in converting orders to sales [57] Question: Win rates and procurement changes among hyperscalers - Win rates remain stable, with no significant changes in procurement methods among hyperscalers [66][68] Question: Operational inefficiencies - Inefficiencies are attributed to tariff transitions and the need for new sources, compounded by significant growth [75][78] Question: Growth rates for thermal service contracts - Management expects strong growth in thermal service contracts, particularly related to liquid cooling systems [88] Question: Evolution of product offerings for data centers - The company is evolving its product footprint to accommodate higher voltage power distribution and increasing rack density [92][94] Question: Gross margin expectations - Management expects gross margins to improve in Q4 due to operational leverage and resolution of inefficiencies [102][121] Question: Capital allocation priorities post-acquisition - M&A will remain a key part of the capital allocation strategy, with a strong process and active pipeline in place [136]

Financial Data and Key Metrics Changes - Adjusted diluted earnings per share (EPS) was $0.95, up approximately 42% from Q2 2024, primarily driven by higher adjusted operating profit [9][27] - Organic sales grew 34% year-on-year, with strong performance in The Americas (up mid-40s) and APAC (up mid-30s), while EMEA delivered high single-digit growth [10][28] - Adjusted operating profit was $489 million, up 28% year-on-year, with an adjusted operating margin of 18.5%, approximately 110 basis points lower than the prior year due to tariffs [12][28] - Free cash flow for Q2 was $277 million, lower year-on-year, but adjusted free cash flow for the first half was $542 million, a robust growth of 24% year-on-year [13][30] - Full-year adjusted free cash flow guidance raised to $1.4 billion, with net sales guidance increased by $550 million to $10 billion [14][36] Business Line Data and Key Metrics Changes - Americas organic sales increased by 43%, driven by strength in colocation and hyperscale markets, with an adjusted operating margin of 24% [30] - APAC saw a 37% organic sales increase, with margin expansion to 10.6% [30] - EMEA's organic sales grew 7%, but are expected to be flat for the full year due to operational execution challenges and investments in fixed costs [31][32] Market Data and Key Metrics Changes - Q2 orders were up approximately 15% from Q2 2024 and up 11% sequentially from Q1 2025, with a trailing twelve-month organic orders growth of 11% [11][15] - Backlog stood at $8.5 billion, up 21% year-on-year and 7% sequentially from Q1, supporting increased guidance for the year [15][36] Company Strategy and Development Direction - The company continues to focus on organic expansion and strategic acquisitions to extend market leadership, with the recent acquisition of Great Lakes showcasing this approach [7][24] - Investments in R&D and capacity expansion are aimed at staying ahead of market demand and delivering innovative solutions [8][18] - The company is adapting to a changing regulatory environment that is becoming more conducive to AI infrastructure investment [16][104] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to capitalize on long-term opportunities in the digital revolution and data center market [6][8] - The operational challenges faced in Q2 are expected to be resolved by year-end, with a projected adjusted operating margin improvement in Q4 [29][96] - The company anticipates continued strong growth in 2025, raising guidance for adjusted diluted EPS and net sales [14][35] Other Important Information - The company plans to communicate projected full-year orders rather than quarterly orders starting from Q4 2025 to better align with business operations [16] - The tariff situation remains dynamic, with ongoing countermeasures being executed to mitigate impacts [17][18] Q&A Session Summary Question: Margin expectations for 2026 - Management believes that 2026 could be a more normal year for margins, with a positive long-term trajectory expected [44][45] Question: Strength in backlog and order duration - Backlog duration remains similar to historical trends, with some customers seeking earlier deliveries, indicating a healthy demand [48][50] Question: Tariffs and inflation recovery - The company has commercial leverage to recover tariffs, and relationships with hyperscalers are strong, allowing for co-engineering opportunities [54][56] Question: Win rates and procurement changes - Win rates remain stable, with no significant changes in how hyperscalers procure equipment [62][66] Question: Operational inefficiencies - Inefficiencies are attributed to tariff transitions and the need for increased capacity to meet growth demands, with expectations for normalization [74][78] Question: Growth rates for thermal service contracts - Liquid cooling is expected to drive growth in thermal service contracts, as the complexity of systems increases [83][85] Question: Current product footprint evolution - The company is evolving its product offerings to accommodate higher voltage power distribution and increasing rack density [88][90] Question: Free cash flow allocation - Free cash flow will be prioritized for strategic acquisitions, with a strong process in place for capital allocation [129][131] Question: Modular and prefab solutions trend - There is an acceleration in modular business, with prefabrication of technology being a key focus for the company [134][135]

This news release constitutes a "designated news release for the purposes of the Company's amended and restated prospectus supplement dated May 14, 2025, to its short form base shelf prospectus dated September 11, 2024. San Antonio, Texas--(Newsfile Corp. - July 30, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a diversified multinational digital infrastructure company, is proud to announce that it has surpassed 14 Exahash per second ("EH/s") of Bit ...

Core Insights - Accelsius has experienced significant growth in the first half of 2025, marked by a five-fold increase in data center deployments and expansion into international markets [1][5][9] - The company has achieved industry-leading thermal performance with its NeuCool technology, capable of cooling up to 4,500W per GPU socket, addressing the demands of next-generation AI workloads [2][4][10] - Accelsius has doubled its product portfolio, introducing the MR250 multi-rack Coolant Distribution Unit (CDU) to meet the growing needs of hyperscale and AI infrastructure [13][14] Industry Trends - The data center industry is undergoing a transformation due to the increasing demands of AI infrastructure, necessitating advanced cooling solutions [2][4] - Traditional cooling methods are becoming inadequate as rack densities approach 600kW configurations, highlighting the need for innovative technologies like those offered by Accelsius [2][4] Product and Technology Developments - Accelsius successfully demonstrated its cooling technology by maintaining GPU temperatures below NVIDIA's thermal throttle limits in a 250kW rack of AI servers [3][4] - The NeuGuard program was launched to enhance cooling reliability for AI and advanced computing deployments, offering coverage for internal damage caused by leaks [11][12] Strategic Partnerships and Market Expansion - The company has established key partnerships in Europe and entered the Canadian market, enhancing its international presence [5][8][9] - Collaborations with major players like Equinix and Nordik Data Centers are set to bolster Accelsius's market position and facilitate the development of next-generation AI data centers [7][8] Sustainability and Energy Efficiency - Accelsius's technology can operate with facility water temperatures 6-8°C higher than competitors, leading to over 25% cooling energy savings and supporting sustainability goals [4][10]

Core Viewpoint - Digi Power X Inc. successfully closed a registered direct offering of 4,807,693 shares at a price of U.S.$3.12 per share, raising approximately U.S.$15 million, which strengthens its financial position with over U.S.$30 million in cash and no long-term debt [2][3][9] Financial Highlights - The offering generated gross proceeds of approximately U.S.$15 million before deducting fees and expenses [2][4] - Post-offering, the company holds over U.S.$30 million in cash and cash equivalents with zero long-term debt [3][8][9] Offering Details - The offering was made to a single new fundamental institutional investor, indicating growing interest in the company's scalable AI infrastructure strategy [3][9] - Titan Partners Group acted as the sole placement agent, receiving a 7% cash commission and purchase warrants [4][9] Strategic Use of Proceeds - Proceeds from the offering will be used to expand the deployment of NeoCloud Tier 3 AI infrastructure, accelerate manufacturing and global distribution of ARMS 200 pods, and support strategic joint ventures and energy deployments [9]

Real Estate & Space Industry Trends - Data centers are a rapidly growing sector in real estate, driven by AI, cloud computing, and online activities, but their high energy consumption poses a challenge [1] - Private capital is flowing into the space industry, with new companies emerging to serve various aspects of the sector from both public and private perspectives [3] - The space industry is experiencing a revolution, with companies seeking to monetize space through manufacturing and serving as a base for further space exploration, including potential data center production on the moon [6] - Space offers unlimited power from the sun, unlimited cooling from the vacuum, and unlimited real estate, potentially unlocking constraints faced on Earth and providing clean energy [9] - The current economic environment presents challenges for global development, with stagflation, higher rates, and slower growth making it difficult for developers to make projects financially viable [19][20] Technological Advancements & Infrastructure - Reusable rocket technology is advancing, with potential for 1,000 tons of launch capability, moving towards a million tons per year [32] - Robotics are becoming increasingly advanced and advantageous in the lunar environment due to the challenges of sustaining human life in space [31] - Ethos is developing technology to utilize lunar geological resources, such as anorthosite, to create building materials like synthetic igneous rock, which is twice as strong as concrete, for constructing landing pads, roads, and foundations on the moon [26][27][28][29] Energy & Power Consumption - Data centers are projected to consume a significant portion of US power generation, potentially reaching 40% by 2030, highlighting a serious infrastructure problem [42] - China has a significantly larger installed power base than the US and is investing heavily in solar energy, necessitating the exploration of new, non-Earth-bound power generation methods [44] - The cost of solar energy is declining rapidly, and nuclear energy is gaining traction, suggesting that energy problems will be solved, but the demand for power is infinite [47] Investment & Future Outlook - Capital is seeking great opportunities and returns, with space emerging as a promising area for investment [21] - Infrastructure investments require a long-term perspective, considering future disruptors and their potential interplay with the current world [14] - The space industry is in its early stages, similar to the railroad era, representing a major investment opportunity and creating new "rails" for the future [17]

Company Overview - Flex Ltd. (NASDAQ: FLEX) is a company that manufactures the physical hardware for various technologies, including electric vehicles, medical equipment, and cloud data centers [1]. Investment Insights - The article emphasizes the importance of seeking new investment opportunities rather than relying on promotions or traditional career advancements [1].

Core Viewpoints - The AI computing cloud industry is transitioning from technological exploration to a value explosion phase, with significant investments in infrastructure and operational costs [1][4] - The Chinese intelligent computing cloud market is experiencing explosive growth, with the infrastructure service market expected to reach 12.41 billion yuan in the second half of 2024, a year-on-year increase of 57.7% [2] - The emergence of "one degree of computing power" as a standardized measurement by companies like Nine Chapters Cloud is revolutionizing the billing model for AI services [3][20] Market Dynamics - The global GPU cloud market is projected to grow from $3.17 billion in 2024 to $47.24 billion by 2033, with a compound annual growth rate of approximately 35% [4] - Major players in the Chinese IaaS market include Alibaba Cloud with a 23% market share, followed by Huawei Cloud and Volcano Engine [2] - The traditional general-purpose computing services model is inefficient, leading to low resource utilization and high costs for small and medium enterprises [2] Company Insights - Nine Chapters Cloud, founded by Fang Lei, focuses on providing a comprehensive AI infrastructure platform, emphasizing the integration of big data and algorithms [6][8] - The company has completed multiple funding rounds, with significant investments from state-owned enterprises and venture capital, reflecting its potential in the AI infrastructure sector [10][15] - Nine Chapters Cloud's innovative approach includes a Serverless architecture and reinforcement learning to enhance computing efficiency, distinguishing it from traditional cloud service providers [20][21] Competitive Landscape - CoreWeave, a notable player in the vertical AI cloud market, has shown explosive revenue growth but remains in a loss-making position, highlighting the industry's rapid cash conversion potential [19][20] - Nine Chapters Cloud differentiates itself by focusing on specific AI training and inference needs, positioning itself as a "hidden champion" in the AI infrastructure space [22] - The valuation logic for Nine Chapters Cloud is expected to differ from that of general cloud giants like Alibaba Cloud, as it leverages its specialized technology and market depth [21][22]

Core Insights - Oracle Corporation has reached a pivotal moment with the launch of Oracle Database@AWS, establishing itself as a key player in bridging traditional enterprise computing and AI-driven cloud infrastructure [1][4] - The stock has increased by 43% year-to-date, reflecting successful execution of its cloud transformation strategy, with a forward P/E ratio of 17.7x amid high growth expectations [1] Financial Performance - In Q4 2025, Oracle reported total revenues of $15.9 billion, an 11% year-over-year increase, with cloud infrastructure revenue growth accelerating to 52% [2][9] - The company raised its fiscal 2026 guidance, projecting revenues exceeding $67 billion (16% growth) and cloud infrastructure growth surpassing 70% [2][8] - Oracle's remaining performance obligations (RPO) backlog stands at $138 billion, providing significant revenue visibility [2][10] Strategic Developments - The Oracle Database@AWS launch is a strategic completion of Oracle's "infrastructure anywhere" vision, allowing for native Oracle database services within AWS data centers [4] - Key differentiators include zero-ETL integration capabilities and Oracle Database 23ai with AI Vector Search, enhancing customer experience [5] - The partnership with AWS completes Oracle's coverage across all major cloud providers, addressing the trend of enterprises using multiple cloud services [6] Growth Drivers - Oracle's cloud services revenues reached $6.7 billion in Q4 2025, up 27% year-over-year, with cloud infrastructure revenues at $3.0 billion [7] - The company anticipates cloud infrastructure growth exceeding 70% in fiscal 2026, indicating strong demand for its services [8] - Oracle's infrastructure expansion includes 47 new data centers under construction, reflecting high customer demand for cloud capacity [13] Competitive Positioning - Oracle's strategic focus on AI infrastructure positions it as a critical enabler for enterprise AI adoption, highlighted by a $30 billion annual cloud deal with OpenAI [11] - The introduction of over 300 new AI-focused features in Oracle Database 23ai allows for running AI workloads alongside traditional database operations [12] - Oracle's premium valuation is reflected in its three-year EV/EBITDA multiple of 28.93x, above the industry average of 20.12x [14] Market Performance - Oracle shares have gained 40.4% year-to-date, outperforming the Zacks Computer and Technology sector's growth of 7% [17] - The company is viewed as a compelling long-term investment opportunity for those seeking exposure to AI infrastructure and enterprise cloud transformation [19]