Multiple technology companies are seeking to build large data centers in Northern Louisiana after Meta announced plans to construct its largest AI-focused facility in the region, according to Entergy Louisiana Chief Executive Officer Phillip May https://t.co/K0cC4VYJTH ...

NEW YORK, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”), a leading developer and operator of industrial-scale data centers, today announced a transition in its Chief Financial Officer (“CFO”) role. Ed Farrell will become a Senior Advisor to the Company and Greg Mumford has been appointed incoming CFO. Both appointments will take effect upon Mr. Farrell’s retirement on October 14, 2025. Mr. Farrell was the Company’s first CFO and was instrumental in the Compa ...

We recently published 12 Stocks Jim Cramer Mentioned In An Episode Where He Briefly Commented On Data Centers. Fermi Inc. Common Stock (NASDAQ:FRMI) is one of the stocks Jim Cramer recently discussed. Fermi Inc. Common Stock (NASDAQ:FRMI)’s shares were listed for trading the day this episode was aired. It is a company seeking to target the growing needs of AI infrastructure by building a data center complex powered by nuclear, natural gas, and solar power. Through these power sources, Fermi Inc. Common St ...

joining us with his outlook this morning, Renaissance Macro Research Chairman Jeff Degraph. Jeff, welcome back. Good to see you again. >> Good to see you, Carl.Thank you. Um, >> we've seen a lot of, you know, charts trying to draw analoges to, uh, that era, but I wonder if you were surprised at how how explicit uh, Paul was today. >> I mean, it was a it was a refreshing reminder that it was a double in about a six-month period of time, right.So I think what it really belies and something that we certainly t ...

With IREN Limited (IREN) executing a bold transformation, its identity is swiftly shifting from a pure-play crypto miner into a serious contender in artificial intelligence (AI) infrastructure. Amid this, in a stunning vote of confidence, Roth/MKM recently catapulted its price target for IREN stock from $35 to $82. That price target leap suggests the stock could nearly double. With IREN rapidly advancing from crypto mining into high-powered AI cloud operations, and already accelerating GPU deployments, th ...

Core Insights - Pembina Pipeline Corporation is finalizing a significant deal to construct a large AI data center for Meta Platforms in Alberta, aiming to position the province as a major data hub for AI companies [1][6][8] - The project will utilize Alberta's abundant natural gas as a clean energy source to power the energy-intensive data center [1][4][12] Pembina's Partnerships and Infrastructure - Pembina is collaborating with Kineticor to supply natural gas-fired electricity for the Meta data center, with Beacon AI providing expertise in data center development [2][4] - The Greenlight Electricity Center, a 1,800-megawatt natural gas power station, is being developed to support AI infrastructure projects, with commercial operations expected by 2029 [5][6] Alberta's Strategic Positioning - The data center will be located in Alberta's Industrial Heartland, a region known for its industrial infrastructure and advanced carbon capture and storage technologies [3][11] - Alberta's government is actively attracting tech firms by leveraging its natural gas infrastructure and CCS technologies, exemplified by the Meta project [8][9] Energy Demand and Solutions - The energy demands of AI data centers are immense, leading many companies to consider natural gas as a practical interim solution due to the limitations of nuclear power [4][12] - Pembina's Alliance pipeline, a 3,800-kilometer network, is being explored for expansion to increase natural gas supply capacity for future AI projects [7][13] Meta's Expansion Plans - Meta's new AI data center in Alberta is part of its broader expansion strategy, which includes additional facilities in Louisiana and Ohio [10][11] - The strategic location in Alberta allows Meta to meet its significant power requirements while benefiting from proximity to carbon mitigation technologies [11][12]

Electricity demand is on the rise globally thanks to electrification, adoption of electric vehicles, wider use of air conditioning, and the rise of AI-related data centers. In the U.S., data centers are expected to drive roughly half of the overall increase in power demand to 2030, according to the International Energy Agency (IEA). In base case projections, the IEA expects U.S. data center power consumption to increase by 130% from 2024 to 2030. For context, a typical hyperscale AI data center uses the sam ...

Core Insights - Centersquare, owned by Brookfield Infrastructure, has completed a $1 billion acquisition of ten data centers in the US and Canada, expanding its portfolio to 80 facilities [1][2] - The acquisition includes eight colocation facilities located in Dallas, Tulsa, Nashville, Raleigh, Toronto, and Montreal, enhancing Centersquare's power and space capacity for high-density computing workloads [2][3] - The move is driven by increasing demand for scalable, energy-efficient, and resilient data center infrastructure, particularly due to the rise of AI adoption [3][4] Company Strategy - Centersquare is focusing on investments that support GPU-intensive workloads necessary for generative AI, machine learning, and advanced analytics [4] - The company is positioning itself to capture the growing demand for trusted, high-performance infrastructure by adding capacity in strategic markets [3][4] - Centersquare has experienced growth in its customer and revenue base over the last two years, developing a strong cost-efficient operating platform [5] Market Context - The acquisition comes at a time when enterprises are shifting off-premises, reevaluating public cloud strategies, and adopting AI-driven architectures that require higher power densities [4] - Centersquare operates colocation facilities across key North American and UK markets, providing infrastructure services to sectors such as technology, financial services, healthcare, and media [5]

Applied Digital Corporation anticipates an earnings per share loss of $0.11 with projected revenue of approximately $45.5 million.The company's financial metrics reveal challenges, including a negative P/E ratio of -23.1 and a high debt-to-equity ratio of 1.41.APLD's valuation ratios such as the price-to-sales ratio of 32.17 and enterprise value to sales ratio of 35.24 reflect high investor expectations despite its current lack of profitability.Applied Digital Corporation, trading on the NASDAQ:APLD, specia ...

Company Overview - Applied Digital has undergone several name changes, starting as Applied Science Products in 2021, then becoming Applied Blockchain, and finally rebranding to Applied Digital in 2022 [3] - The company specializes in designing, building, and operating high-performance, sustainably engineered data centers and colocation services, particularly for artificial intelligence, cloud, networking, and blockchain workloads [3] Investment Performance - An investment of $10,000 in Applied Digital shares in early October 2022 would have grown to approximately $144,500, reflecting an average annual growth rate of 144% [2] - In comparison, the S&P 500 index, which includes 500 of America's largest companies, averaged gains of 24% during the same period, turning $10,000 into $19,000 [2] Industry Context - The demand for data centers is significantly increasing due to the growing use of artificial intelligence, which bodes well for the future of Applied Digital [3] - Applied Digital has been recognized as the "Best Data Center in the Americas 2025" by Datacloud, highlighting its competitive position in the industry [3]