Core Viewpoint - CoreWeave, Inc. is facing a securities class action lawsuit alleging that the company misled investors about its ability to scale its AI infrastructure and meet revenue guidance, leading to significant financial losses for shareholders [1][1]. Group 1: Allegations and Impact - The lawsuit claims that CoreWeave overstated its capacity to meet customer demand and concealed operational risks associated with reliance on a single third-party data center supplier [1][1]. - Following the revelation of delays at a critical data center in Denton, Texas, CoreWeave's market capitalization dropped by approximately $14 billion [1][1]. - The company experienced a 16% stock price decline on November 11 after lowering its revenue guidance, contributing to a series of stock drops that resulted in billions in lost shareholder value [1][1]. Group 2: Operational Concerns - Plaintiffs allege that CoreWeave's ability to recognize revenue from its multibillion-dollar backlog was dependent on infrastructure that management was aware was not on track for timely completion [1][1]. - The complaint highlights that CoreWeave downplayed significant delays at its Denton facility, contradicting management's claims of "rapid scaling" [1][1]. - A Wall Street Journal report indicated that the completion of the Denton facility had been delayed by several months due to severe construction hurdles [1][1]. Group 3: Legal Proceedings - Hagens Berman, the law firm representing the plaintiffs, is actively advising investors who purchased CoreWeave shares during the class period from March 28, 2025, to December 15, 2025, and suffered losses [1][1]. - The deadline for lead plaintiffs to submit their claims is set for March 13, 2026 [1][1].

Core Viewpoint - HIVE Digital Technologies Ltd. has received a recommendation from independent proxy advisory firm Institutional Shareholder Services (ISS) for shareholders to vote "FOR" all resolutions at the upcoming Annual General and Special Meeting scheduled for March 5, 2026 [1][3]. Company Overview - HIVE Digital Technologies Ltd. is the first publicly listed company focused on mining digital assets using green energy. The company operates next-generation Tier-I and Tier-III data centers in Canada, Sweden, and Paraguay, catering to Bitcoin and high-performance computing clients [7]. Shareholder Voting Information - The Board of Directors of HIVE encourages shareholders to vote "FOR" all resolutions [4]. - The proxy voting deadline is set for 11:00 a.m. (Pacific Time) on March 3, 2026, and shareholders are urged to vote early to ensure their votes are counted [5][9]. - Eligible shareholders are those recorded as of the close of business on January 16, 2026 [5]. Proxy Advisory Firm Details - ISS, the independent proxy advisory firm, serves approximately 3,400 clients, including many leading institutional investors, providing objective analysis for voting decisions [2]. Communication and Assistance - Shareholders with questions regarding the voting process can contact HIVE's proxy solicitation agent or reach out to Laurel Hill Advisory Group for assistance [9].

Core Insights - Blue Owl Capital is facing challenges in securing financing for a $4 billion data center project in Pennsylvania, which it is co-developing with CoreWeave, a rapidly expanding AI cloud computing service provider [1][2][3] Financing Challenges - The lack of lender interest in the Lancaster project is attributed to growing caution regarding AI companies with lower credit ratings, as CoreWeave holds a below-investment-grade rating of B+ from S&P Global Ratings [3] - A senior executive from a specialty lender indicated that they chose not to participate in the financing due to these concerns [3] Project Status - A spokesperson for Blue Owl stated that the Lancaster project is already under construction and is "fully funded, on time, and on budget," although it remains unclear if Blue Owl is solely funding the construction [7] - If Blue Owl cannot secure debt financing, it may face significant cash outlays for the project's construction [7] Market Context - The situation highlights the complexities and risks associated with financing infrastructure for AI computing, with analysts expressing concerns over the ability to raise debt for such projects [8] - Recent reports indicated that major banks struggled to sell off $38 billion of debt for two data center campuses anchored by Oracle, reflecting broader market hesitance [9][10] Strategic Partnerships - CoreWeave has committed to leasing 100 megawatts of capacity at the Lancaster data center, with potential expansion to 300 megawatts, and plans to invest up to $6 billion in the project [10] - In August, Chirisa Technology Parks announced a partnership with Blue Owl and Machine Investment Group to provide $4 billion in funding for the construction, separate from CoreWeave's investment [11] Innovative Financing Approaches - Blue Owl has been recognized for its creative financial strategies in the data center boom, including a previous partnership with Meta that raised $27.3 billion in investment-grade corporate bonds [12] - There are potential avenues for Blue Owl to explore alternative financing structures, such as leveraging the credit of investment-grade customers or pooling loans from institutional investors [13]

Indian data center–related shares rallied as Prime Minister Narendra Modi reiterated India's ambitions to emerge as a global AI hub in the presence of OpenAI’s Sam Altman and Anthropic’s Dario Amodei https://t.co/kgbLCW2L0V ...

Core Viewpoint - HIVE Digital Technologies Ltd. has received a recommendation from independent proxy advisory firms, including Institutional Shareholder Services (ISS), to vote "FOR" all resolutions at the upcoming Annual General and Special Meeting of Shareholders on March 5, 2026 [1][3]. Company Overview - HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy, operating next-generation data centers across Canada, Sweden, and Paraguay [7]. - The company serves both Bitcoin and high-performance computing clients, providing scalable and environmentally responsible solutions for the digital economy [7]. Shareholder Voting Information - The Board of Directors of HIVE recommends that shareholders vote "FOR" all resolutions [4]. - The proxy voting deadline is set for 11:00 a.m. (Pacific Time) on March 3, 2026, and shareholders are encouraged to vote in advance [5][9]. - Shareholders of record as of January 16, 2026, are eligible to vote at the meeting [5]. Proxy Advisory Firm Details - ISS, an independent proxy advisory firm, has approximately 3,400 clients, including many leading institutional investors who rely on its analysis for voting decisions [2].

Core Viewpoint - The Adani Group plans to invest $100 billion by 2035 in renewable energy-powered AI data centers, significantly expanding its data center capacity and catalyzing further investments in the AI ecosystem in India [1]. Investment Plans - The investment will increase AdaniConnex's data center capacity from 2 gigawatts (GW) to 5 GW across multiple campuses in India [1]. - This initiative is expected to catalyze an additional $150 billion in related investments, creating an estimated $250 billion AI ecosystem [1]. Strategic Partnerships - Adani Group is partnering with Google (Alphabet) to develop a multi-gigawatt AI data center campus in Visakhapatnam, Andhra Pradesh, and is also developing other campuses in Noida, Delhi NCR [1]. - Collaborations with Microsoft are underway for projects in Hyderabad and Pune, with discussions ongoing with other international tech companies for additional AI campuses [1]. Renewable Energy Infrastructure - The backbone of the renewable energy supply will be the Khavda project, which has a capacity of 30 GW, with over 10 GW already operational [1]. - The group has committed an additional $55 billion to expand its renewable energy portfolio, including large-scale battery energy storage systems [1]. Data Center Features - The data centers will feature advanced liquid cooling systems, high-efficiency energy designs, and dedicated capacity for Indian language models and national data initiatives to support data sovereignty [1]. - A portion of the GPU capacity will be allocated to Indian AI startups, research institutes, and deep tech innovators [1].

Core Insights - The diversified conglomerate aims to invest $100 billion in renewable energy-powered data center infrastructure by 2035 [1] Group 1 - The company is focusing on sustainable energy solutions to support its data center operations [1] - The investment reflects a significant commitment to renewable energy and infrastructure development [1] - This initiative aligns with global trends towards sustainability and reducing carbon footprints in the tech industry [1]

Core Insights - Equinix, Inc. (EQIX) reported a Q4 for FY'25 that fell short of revenue and earnings expectations, although the overall FY'25 performance was strong with significant revenue growth [1] Financial Performance - Q4 results missed both revenue and earnings expectations, indicating potential challenges in the short term [1] - Despite the Q4 miss, the full year FY'25 numbers were described as great, suggesting robust overall growth for the company [1] Investment Philosophy - The company is characterized by disciplined capital allocation and exceptional returns on capital, which are key factors for long-term investment potential [1]

Late last night, a meeting in the White House to map out a strategy for the midterms. Jackie Hinrich joining us. All right, Jackie, what came out of the meeting.>> Well, Stuart, White House Chief of Staff Susie Wilds and Deputy Chief of Staff James Blair met with most of the cabinet on Tuesday to map out a 2026 strategy to keep the House and the Senate as President Trump plans to make good on his promise to run as if he's on the ballot himself. Uh later today, the president's heading to Battleground, Georgi ...

Financial Data and Key Metrics Changes - Consolidated revenues for Q4 2025 were approximately $212 million, with adjusted EBITDA of $178 million and an adjusted EBITDA margin of 84% [15] - Free cash flow for Q4 was $119 million, and for the full year 2025, record free cash flow reached approximately $498 million, an 8% year-over-year increase [15][16] - Full year 2025 oil and gas royalty production increased by 29% year-over-year, while water sales daily volumes increased by 4% and produced water royalty daily volumes increased by 25% [15][16] Business Line Data and Key Metrics Changes - Oil and gas royalty production grew 23% year-over-year in Q4, while water sales volumes exceeded 1 million barrels per day for the first time, growing 36% year-over-year [4] - Produced water royalty volumes grew 22% year-over-year [4] - The company achieved a three-year compounded annual growth rate of 17% for oil and gas royalty production, 18% for water sales volumes, and 30% for produced water royalty volumes despite declining oil prices [5] Market Data and Key Metrics Changes - The Permian Basin experienced a decline in rig activity, with the horizontal rig count down approximately 26% [17] - Despite lower rig counts, production growth was sustained through a drawdown of drilled but uncompleted wells (DUCs), with an estimated 600 DUCs drawn down in 2025 [17][18] - The average lateral lengths of wells completed on TPL royalty acreage increased by 8% compared to the previous year, with new permits averaging 35% longer than in 2024 [19] Company Strategy and Development Direction - The company is focused on next-generation opportunities in data centers and produced water desalination, with a strategic investment in Bolt Data & Energy to develop large-scale solutions [6][7] - TPL aims to build multiple multi-gig energy campuses, leveraging its scale in land, gas, and water access [27] - The company plans to invest approximately $20 million in waste heat capture and data center cooling at its desalination facility [11][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth pipeline for 2026, emphasizing the ability to drive growth and extract value even in a weak oil price environment [11][12] - The company maintains a debt-free balance sheet and a $500 million undrawn credit facility, providing flexibility to invest opportunistically [12][21] - Management highlighted the importance of maximizing long-term intrinsic value per share and the robust opportunity set across legacy and next-gen businesses [12] Other Important Information - The company announced a regular dividend of $0.60 per share, representing a 12.5% increase from the previous quarter [16] - A shareholder event is scheduled for May 18th in Midland, Texas, to provide updates on company operations [13] Q&A Session Summary Question: Thoughts on power and data center development opportunities - Management noted that the opportunity set for power and data center development has evolved significantly, with ongoing commercial negotiations and promising projects [26][27] Question: Potential value from the Bolt Energy partnership - Management indicated that the water revenue potential from Bolt's 10-gigawatt data center campus could be substantial, with water usage varying based on facility design [29][31] Question: Strength in traditional water business amid broader activity contraction - Management attributed the strength in produced water volumes to legacy contracts and strategic implementation over the past few years, allowing for market capture despite activity level fluctuations [34][36] Question: Update on desalination process efficiencies - Management confirmed that the goal is to reduce energy consumption in desalination, with waste heat capture being a key focus to lower costs [45][46] Question: Exposure to rare earth exploration in Hudspeth County - Management acknowledged ongoing exploration projects in Hudspeth County, with promising early findings [48]