A look at how Nexpace is building seamless digital infrastructure designed to power the interoperable ecosystems of tomorrow.“Games have to be community-led, built on open APIs and by global developers.” - Keith Kim, COO of NEXPACE on building the future of blockchain gaming https://t.co/DP3M9WxHex ...

We were talking before about my concerns about data centers as an real estate asset class and you had an interesting theory. >> I was trying to trace all these pretty Byzantine and somewhat incestuous commitments that are happening between the large tech companies between the digital infrastructure providers and it's actually very hard to trace who's going to ultimately pay for it all but ultimately it has to be paid for in the economy. If you looked at the amount of AI compute that would be required to fil ...

According to Blockworks, YZi Labs led a $25.5 million strategic funding round for digital infrastructure firm Sign, with participation from IDG Capital. Including its previous seed and Series A rounds, Sign has now raised over $55 million in total financing.https://t.co/nzJpgcbNv4 ...

The $524 billion Qatar Investment Authority is stepping up its investments in the US with high-profile commitments to artificial intelligence and digital infrastructure https://t.co/Eyk6keDSwL ...

Project Overview - A new digital infrastructure project is launching to support Indonesia's digital transformation [1] - The project targets a country with a population of over 280 million people [1] - The project is built on Polkadot [1] Company/Industry Focus - The project is named MandalaChain (@MandalaChain) [1]

Core Insights - Digital Realty Trust (DLR) reported a second-quarter 2025 core funds from operations (FFO) per share of $1.87, exceeding the Zacks Consensus Estimate of $1.74, with a year-over-year increase of 13.3% [1][9] - The company raised its 2025 core FFO guidance range to $7.15-$7.25 from the previous range of $7.05-$7.15, with the Zacks Consensus Estimate of $7.04 below the new guidance [12] Financial Performance - DLR's operating revenues for the second quarter reached $1.49 billion, surpassing the Zacks Consensus Estimate of $1.44 billion, and reflecting a year-over-year increase of 10.1% [2][9] - The company reported "Same-Capital" cash net operating income (NOI) growth of 4.4% [2] - Adjusted EBITDA for the quarter was $823.3 million, marking a 13.3% increase year over year [5] Leasing and Revenue Growth - DLR signed total bookings estimated to generate $135 million of annualized GAAP rental revenues, with significant contributions from the 0-1 megawatt category and interconnection services [4] - Renewal leases signed during the quarter resulted in $177 million of annualized cash rental revenues, with rental rates increasing by 7.3% on a cash basis and 9.9% on a GAAP basis [5] Strategic Partnerships and Initiatives - DLR partnered with Oracle Solution Centers to enhance digital infrastructure offerings, combining data center services with Oracle's deployment-ready frameworks [3] Portfolio Activity - During the quarter, DLR acquired land parcels in Atlanta and Dallas for $120 million and $11 million respectively, expected to support significant IT capacity [6] - Additional land parcels were acquired for around $6 million in the Chicago metro area to expand its Franklin Park campus [7] Capital and Debt Management - As of the end of the second quarter, DLR had cash and cash equivalents of $3.55 billion, up from $2.32 billion at the end of the first quarter [10] - The company had total debt outstanding of $18.5 billion, with a net debt-to-adjusted EBITDA ratio of 5.1X and a fixed charge coverage of 4.7X [10][11] Future Projections - DLR projects total revenues for 2025 in the range of $5.925-$6.025 billion, with adjusted EBITDA expected between $3.200-$3.300 billion [13]

Market Trend & Investment Opportunities - The market is close to all-time highs, and despite potential short-term weakness due to Treasury General account requequification, it's time to lean in, presenting buying opportunities [1][2] - The greatest capex boom is yet to come, driven by AI spending, with trillions of dollars still to be deployed in digital infrastructure [2][3] - Weakness in financials, industrials, utilities, and information technology sectors represents buying opportunities [4] - The S&P 500 has rallied almost 30% off the lows, and the NASDAQ has rallied 40% off the lows, indicating a strong profit cycle with potentially another double in the S&P [6][7] AI & Technology - Generative AI hitting the cost line helps margins expand, creating greater profitability and ROI in both public and private markets [8] - Data center buildout, requiring billions and ultimately trillions in spending, creates a catalyst for a full profit cycle [8] Financial Sector - The financial sector, including asset managers, advisors, and lenders, is a buy, supported by infrastructure rebuild and the increasing need for retirement investments [9][10][11] Valuation & Asset Management - An asset-light era is occurring, where companies with less fixed cost relative to labor, strong cash, and balance sheets should maintain higher multiples than historically seen [12] - Multiples sticky at current levels make sense [13]