Core Insights - Bitfarms Ltd. has converted a previously announced private debt facility of up to $300 million into a project-specific financing facility for the development of its Panther Creek data center campus in Pennsylvania [2][3] - The company plans to draw an additional $50 million from this facility, bringing the total drawn amount to $100 million, to expedite equipment purchases and advance HPC/AI development [2][3] Financing and Development - The financing facility will support the civil works and substation construction at Panther Creek, which is scheduled to begin in Q4 2025 [3] - The conversion of the debt facility to a project level allows Bitfarms to draw down the full amount, accelerating construction timelines and providing increased flexibility [3] - The Panther Creek campus is expected to have a capacity of 350 MW and is positioned to meet the growing demand for HPC/AI infrastructure in Pennsylvania [3] Market Position and Infrastructure - Pennsylvania is emerging as a new hub for AI infrastructure, with Bitfarms well-positioned to deliver advanced digital infrastructure for potential clients [3] - Bitfarms operates a 1.3 GW energy pipeline, with over 80% of its projects based in the U.S., focusing on areas with strong access to power and fiber infrastructure [4]

Financial Data and Key Metrics Changes - Revenues for the first fiscal quarter of 2026 were $64.2 million, up 84% from $34.8 million in the fiscal first quarter of 2025, primarily due to $26.3 million from tenant fit-out services [18][19] - Adjusted net loss was $7.6 million or $0.03 per share, while adjusted EBITDA was $0.5 million compared to $6.3 million the prior year [20][21] - The company ended the first fiscal quarter with $114.1 million in cash and $687.3 million in debt, excluding $362.5 million in proceeds from financing that occurred after the quarter end [21] Business Line Data and Key Metrics Changes - The HPC data center hosting segment expanded its long-term lease agreements with CoreWeave, increasing total contract value to approximately $11 billion [5][6] - The blockchain hosting business continues to operate 286 MW of fully contracted capacity across two North Dakota locations, with strong Bitcoin prices positively impacting customers [14] Market Data and Key Metrics Changes - Publicly traded hyperscalers are projected to invest over $350 billion in AI data centers this year, highlighting unprecedented investment in AI infrastructure [8] - The Department of Energy estimates a power shortfall for data centers in the range of 40 GW-50 GW, with some experts suggesting it could exceed 90 GW [23] Company Strategy and Development Direction - The company is focused on delivering purpose-built infrastructure for AI and high-performance computing sectors, with plans to scale beyond 1 GW starting in 2028 to 2030 [6][12] - The company aims to reach a goal of $1 billion in net operating income (NOI) run rate within five years, supported by long-term contracts with hyperscale tenants [22] Management's Comments on Operating Environment and Future Outlook - Management believes that the limiting factor in AI infrastructure deployment is the lack of suitable data centers, positioning the company to meet this challenge [9] - The company is actively evaluating new sites across additional states and regions to meet accelerating demand [23] Other Important Information - The company has secured an initial $112.5 million draw from a $5 billion preferred equity facility with Macquarie Asset Management to advance construction of Polaris Forge 1 [15][16] - The company has built and funded more than $1.6 billion in property and equipment, transitioning from a small Bitcoin hosting center to executing transactions with leading hyperscalers [16] Q&A Session Summary Question: What are the largest remaining factors for project financing? - Management indicated that project financing will entail both buildings coming online over the next year, with a focus on finalizing credit agreement documents [30] Question: What is the current status of power infrastructure at Polaris Forge 2? - Management confirmed that 280 MW of initial utility power is in place, with infrastructure being built to meet the timeline for coming online in 2026 and fully online in 2027 [32] Question: What is the timeline for new hyperscaler negotiations? - Management stated that negotiations are ongoing, with expectations for contracts to be in place in the near term as they continue to engage with new and existing customers [37] Question: What does the Macquarie Asset Management financing do for future growth? - The financing allows the company to scale larger, minimizing dilution at the public company level while unlocking significant capital for future projects [46] Question: How does the company define its active pipeline? - The active pipeline includes projects that are expected to move into construction within the next six to twelve months, with ongoing work on permitting and power [52] Question: What are the supply chain challenges faced by the company? - Management noted that while lead times have stretched in the industry, they secured necessary equipment two years ago, mitigating pricing inflation and supply chain issues [70]

Financial Data and Key Metrics Changes - Revenues for the first fiscal quarter of 2026 were $64.2 million, up 84% from $34.8 million in the fiscal first quarter of 2025, primarily due to $26.3 million from tenant fit-out services [18][19] - Adjusted net loss was $7.6 million or $0.03 per share, while adjusted EBITDA was $0.5 million compared to $6.3 million the prior year [20][21] - The company ended the first fiscal quarter with $114.1 million in cash and $687.3 million in debt, excluding $362.5 million in proceeds from financing that occurred after the quarter end [21] Business Line Data and Key Metrics Changes - The HPC data center hosting segment expanded its long-term lease agreements with CoreWeave, increasing total contract value to approximately $11 billion [5][6] - The blockchain hosting business continues to operate 286 megawatts of fully contracted capacity across two North Dakota locations, with strong Bitcoin prices positively impacting customers [14] - The cloud services business is under strategic review and classified as held for sale, with no further updates until a definitive plan is available [14] Market Data and Key Metrics Changes - Publicly traded hyperscalers are projected to invest over $350 billion in AI data centers this year, highlighting unprecedented investment levels in AI infrastructure [8] - The Department of Energy estimates a power shortfall for data centers in the range of 40 to 50 gigawatts, with some experts suggesting it could exceed 90 gigawatts [22] Company Strategy and Development Direction - The company aims to strengthen its market position by establishing long-term contracts with hyperscale tenants, targeting a net operating income run rate of $1 billion within five years [22] - The company is focused on scaling development and construction, with 4 gigawatts in the active development pipeline and plans to shorten construction timelines to 12 to 14 months [13][22] - The company is committed to minimizing environmental impact through innovative design and infrastructure upgrades [25] Management's Comments on Operating Environment and Future Outlook - Management believes that the limiting factor in AI infrastructure deployment is the lack of suitable data centers, positioning the company to meet this challenge [9] - The company expects to see significant increases in net operating income anchored by long-term contracts with hyperscale tenants [22] - Management anticipates potential delays in construction timelines for some competitors, which may benefit proven vendors and developers [83] Other Important Information - The company has secured an initial $112.5 million draw from a $5 billion preferred equity facility with Macquarie Asset Management to advance construction of Polaris Forge 1 [15][16] - The company is in advanced discussions with an investment-grade hyperscaler regarding a lease for Polaris Forge 2 [7][11] Q&A Session Summary Question: What are the largest remaining factors for project financing? - Management indicated that project financing will involve both buildings and is one of the largest tenant-backed financings occurring in the market [30] Question: What is the current status of power infrastructure at Polaris Forge 2? - The initial utility power for Polaris Forge 2 is 280 megawatts, with infrastructure being built to meet the timeline for coming online in 2026 [32] Question: What is the timeline for new hyperscaler negotiations? - Management stated that negotiations are ongoing and will be a constant process, with expectations for contracts in the near term [37] Question: What are the expected terms for project financing? - Management expects the loan-to-cost ratio to be around 70% with pricing between 400 to 450 basis points over SOFR [47] Question: What is the status of supply chain for long lead equipment? - Management noted that lead times have stretched in the industry, but they secured manufacturing capacity two years ago to mitigate potential issues [72] Question: Is there expected power availability in South Dakota? - Power will be available in South Dakota in 2026, with the main gating item being a sales tax exemption for IT equipment [77]

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks Jim Cramer put under the spotlight. Cramer discussed the company in light of its deal with OpenAI. He said: “Look, you either believe or you don’t believe. It is as simple as that. You either accept that OpenAI is going to pay for the billions of dollars of chips they just ordered from AMD, or you refuse to believe it, and you assume AMD will get stiffed because OpenAI doesn’t have the money or won’t need the chips. I prefer to accept the answ ...

Key Points Much of this had to do with the performance of its favored crypto. The coin was jumping in price Wednesday after a tumble from its peak. 10 stocks we like better than Cipher Mining › There was no mystery behind the rise of Cipher Mining (NASDAQ: CIFR) stock on Wednesday, as it easily surmounted the hump of Hump Day with a nearly 12% increase in price. The good performance of the crypto it mines and an encouraging operational update were the catalysts for that pop. Which, incidentally, tr ...

SCOTTSDALE, AZ, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Signing Day Sports, Inc. (“Signing Day Sports” or the “Company”) (NYSE American: SGN), the developer of the Signing Day Sports app and platform to aid high school athletes in the recruitment process, today provided an update on its Business Combination Agreement (“BCA”) with One Blockchain LLC (“One Blockchain”), One Blockchain’s affiliate, BlockchAIn Digital Infrastructure, Inc. (“BlockchAIn”), and certain other parties. Subject to satisfaction of required ...

Key Points An analyst upped his price target on the Bitcoin miner's shares, while maintaining his bullish outlook. This closely followed Riot's latest operational update. 10 stocks we like better than Riot Platforms › The combination of a positive operational update and an analyst's subsequent price target increase lit a fire under Riot Platforms as the trading week got off to a start. The Bitcoin mining and data center development company's share price saw a significant lift by almost 11% on these ...

GSI Technology, Inc. (GSIT) shares have surged 62% year to date, outpacing the industry’s 51.7% growth. The company has outperformed other industry players, including Pure Storage, Inc. (PSTG) and NetApp, Inc. (NTAP) , which posted increases of 41.4% and 2.3%, respectively, in the same time frame. GSIT benefits from rising AI-driven SRAM demand, defense sector traction, Gemini-II advancements, strong liquidity, and a diversified end-market strategy.Image Source: Zacks Investment ResearchA Key Look Into GSIT ...

Key Points CoreWeave stands out with its cloud servers designed specifically for AI workloads. Nvidia, OpenAI, and Meta Platforms each made multibillion-dollar deals with CoreWeave in September. Its considerable losses could overshadow the company's massive revenue growth. 10 stocks we like better than CoreWeave › CoreWeave (NASDAQ: CRWV) stock has logged considerable gains in September. It has benefited from high-profile deals. The first was with Nvidia, in which the chip giant agreed to purchas ...

Accessibility StatementSkip Navigation The SuperX XN9160-B300 AI Server is purpose-built to accelerate large-scale distributed AI training and AI inference workloads, providing extreme GPU performance for intensive, high-demand applications. Optimized for GPU-supported tasks, it excels in foundation model training and inference, including reinforcement learning (RL), distillation techniques, and multimodal AI models, while also delivering high performance for HPC workloads such as climate modeling, drug dis ...