Core Viewpoint - EdgeMode, Inc. has signed a non-binding term sheet for a $4 million convertible note financing to support the acquisition of Blackberry AIF and the development of digital infrastructure sites in Sweden, aiming for a target enterprise valuation of $1 billion [1][2]. Financing Details - The proposed convertible note will bear an interest rate of 8% per annum and mature 12 months after funding, with a conversion option available 180 days post-closing at a 35% discount to the average of the two lowest closing bid prices over the prior 15 trading days [3]. - EdgeMode retains the option to prepay the note at a premium of 120% within the first 90 days and 125% between days 91 and 180 [3]. Acquisition and Development - The anticipated capital will facilitate the acquisition of Blackberry AIF and enhance EdgeMode's asset base by approximately $140 million as new digital infrastructure sites in Sweden are brought online [2]. - The company is focused on developing high-potential infrastructure assets to significantly increase revenue potential and shareholder value [3]. Company Overview - EdgeMode, Inc. specializes in high-performance computing data centers, emphasizing energy-efficient colocation facilities for AI, machine learning, and cloud computing [5]. - The company is actively building scalable, sustainable data centers, starting with its flagship campus in Marviken, Sweden, supported by strategic partnerships and long-term energy contracts [5].

Financial Data and Key Metrics Changes - The company reported fee revenue of $85 million for the second quarter, representing an 8% increase year-over-year [26] - Fee-related earnings (FRE) grew by 23% to $32 million compared to the same quarter last year [26] - Distributable earnings were negative $19 million due to a $40 million realized loss from an investment [27] - Fee earning equity under management increased to $39.7 billion, a 21% increase from the previous year [29] - The company maintained a strong balance sheet with approximately $1.6 billion in corporate assets [33] Business Line Data and Key Metrics Changes - The company raised $1.3 billion in new fee-earning commitments during the quarter, a 17% increase over the previous year [29] - The flagship DB3 strategy attracted $6.9 billion year-to-date, with a final close expected to exceed $7 billion [9] - The co-investment program saw fee rates increase by 30% year-to-date, averaging about 60 basis points compared to a historical average of 45 basis points [10] Market Data and Key Metrics Changes - The company is experiencing exceptional demand from limited partners (LPs) to invest in the digital economy, raising a total of $2.5 billion year-to-date [6] - The built and under-construction pipeline has grown to over 5.4 gigawatts, a 50% increase from the prior year [6] Company Strategy and Development Direction - The company focuses on three strategic pillars: fundraising, investing, and scaling [5] - New platforms, such as TACNOC and Yonder, have been established to address critical bottlenecks in the AI revolution [7][14] - The company aims to build predictable, recurring revenue for shareholders while addressing the growing demand for power and data center capacity [12][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in exceeding the $40 billion FEM target for 2025, driven by strong capital formation and investment strategies [11] - The demand for AI-related infrastructure is expected to continue growing, with significant capital deployment anticipated in the coming years [62] - The company is well-positioned to lead in the digital infrastructure space, with a focus on power solutions and data center capacity [39][62] Other Important Information - The company closed a multibillion-dollar acquisition of Yonder, enhancing its global hyperscale portfolio [15] - The company is committed to addressing the power crunch faced by customers, with a focus on developing power land and on-site dispatchable power solutions [44][46] Q&A Session Summary Question: Evidence of hyperscalers scaling up their focus on inference compute - Management indicated that they are in the early stages of inference workloads, with some customers starting to manifest these workloads in data centers [72][73] Question: How inference demand will drive financial results for Digital Bridge - Management noted that returns for inference workloads are expected to be higher than traditional training workloads, with significant interconnection capabilities being a key factor [79][80] Question: Strength in co-investment and future outlook - Management highlighted the importance of co-investment, noting that they have successfully attracted significant capital for large-scale projects, with expectations to exceed capital formation targets for the year [95][96]

Group 1: Project Overview - The initiative aims to provide four gigawatts of energy to the Intermountain West, featuring advanced power and cooling solutions with a liquid cooling architecture [1] - The project includes 1.1 gigawatt hours of battery energy storage and diverse backup power generation sources, enhancing its reliability [1] - The collaboration between Joule, Caterpillar, and Wheeler focuses on delivering gigawatt-scale capacity efficiently to meet the growing demand for compute power [3] Group 2: Company Profiles - Joule Capital Partners is developing a super-compute-ready campus in Central Utah, designed for AI workloads, set to launch with gigawatt capacity in 2026 [4] - Caterpillar Inc. reported sales and revenues of $64.8 billion in 2024, positioning itself as a leading manufacturer in construction and mining equipment, and is committed to sustainability [5] - Wheeler Machinery Co. has been serving Utah since 1951, specializing in Cat power systems and has extensive experience in power plant construction [6][7]

Financial Performance - DigitalBridge reported GAAP net income attributable to common stockholders of $17 million, or $0.10 per share, in Q2 2025[10, 15] - Fee revenues increased by 8% year-over-year to $854 million in Q2 2025[27, 55, 58] - Fee-Related Earnings (FRE) grew by 23% year-over-year to $32 million in Q2 2025, with a FRE margin of 37%[27, 55, 58, 59] - Distributable Earnings (DE) showed a loss of $186 million in Q2 2025, attributed to a $40 million realized loss from an InfraBridge fund investment[10, 55, 58] - Fee-Earning Equity Under Management (FEEUM) increased by 21% year-over-year to $397 billion as of June 30, 2025[29, 55, 56] Capital Formation and Investment - New capital formation reached $13 billion in Q2 2025, driven by new data center co-invest capital formation, and $25 billion YTD[24, 55] - The company committed $500 million in capital from DigitalBridge and ArcLight for the Takanock data center power infrastructure platform[36] - Capital raised since 2024 to accelerate growth, reduce borrowing costs, and retire acquisition-related debt reached $20 billion[39] Strategic Initiatives and Market Trends - Hyperscaler Capex has increased by 50% from $250 billion to $380 billion[42, 43] - The U S hyperscale data center leasing pipeline is approximately 49 GW[50] - DigitalBridge's data center portfolio has a total secured power of 209 GW, with 54 GW built and under construction[102]

Decisive step forward in 2025 strategy with measurable returns on first-quarter investments, structural evolution in asset commercialization profile, and significant near-term growth potential unlockedEarnings Release Highlights Revenue of $41.3 million, net income of $137.5 million, and Adjusted EBITDA of $221.2 million.Total energy capacity under management of 1,020 megawatts (“MW”) as of June 30, 2025.~10,800 MW development pipeline with ~3,100 MW of capacity under exclusivity1 as of June 30, 2025.Strate ...

NEW YORK, Aug. 6, 2025 /PRNewswire/ -- WhiteFiber, Inc. ("WhiteFiber" or the "Company"), today announced the pricing of its upsized initial public offering of 9,375,000 ordinary shares at a public offering price of $17.00 per share. In connection with the offering, WhiteFiber has granted the underwriters a 30-day option to purchase up to an additional 1,406,250 ordinary shares at the initial public offering price, less underwriting discounts and commissions. WhiteFiber is a provider of artificial intelligen ...

Market Trends & Investment Opportunities - Apollo is acquiring a majority stake in Stream Data Centers, capitalizing on the booming demand for digital infrastructure [1] - Alternative asset managers are investing heavily in data centers and data providers due to the rise of AI and the increasing demand for power and data [2] - Apollo's investment in Stream Data Centers follows a broader trend of investment firms acquiring digital infrastructure and renewable energy assets, exemplified by Apollo's earlier acquisition of Argo Infrastructure Partners [3] - The industry anticipates continued growth in demand for data centers driven by the ongoing expansion of artificial intelligence [5] Financial Performance & Business Strategy - Digital Bridge's revenue nearly tripled from 2022 to 2024, demonstrating the potential for significant growth in the data center sector [6] - Digital Bridge turned profitable, generating hundreds of millions of dollars in the last 12 months [6] - The industry is considering the potential benefits of owning both the energy supply and the data center to manage costs and improve margins [4] Key Considerations - The industry is focused on how data centers will manage rising power costs and whether these costs will be passed on to customers [4] - Contractual terms related to power costs are a key area of interest for the industry [3][4]

Financial Data and Key Metrics Changes - Revenue increased by 12% to $1.7 billion, adjusted EBITDA grew by 15% to $628 million, and AFFO increased by 15% to $370 million [5][20][21] - Adjusted EBITDA margin was 36.7%, up 120 basis points year on year, reflecting improved margins across all business segments [21][22] Business Line Data and Key Metrics Changes - Global Records and Information Management (RIM) business achieved record revenue of $1.32 billion, up $73 million year on year, with organic storage revenue up 6% [23][24] - Data center revenue was $189 million, an increase of $37 million year on year, with organic storage rental growth of 26% [25][26] - Asset Lifecycle Management (ALM) revenue was $153 million, a 70% increase year on year, with 42% organic growth [28] Market Data and Key Metrics Changes - The data center market remains strong, with pricing trends showing renewal pricing spreads of 13-20% on cash and GAAP basis [26] - The company expects data center revenue growth in excess of 25% in 2026, driven by a strong leasing backlog [27][31] Company Strategy and Development Direction - The company is focused on driving double-digit revenue growth supported by strong cross-selling opportunities in fragmented markets [31][33] - The acquisition of CRC India is expected to enhance the company's digital product portfolio and capitalize on growth opportunities in India [12][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining double-digit revenue and profit growth, supported by strong customer relationships and operational execution [18][31] - The company is increasing its financial guidance for the year based on strong second-quarter performance and positive outlook [31][32] Other Important Information - The company invested $477 million in the second quarter, with $442 million allocated to growth CapEx [29] - The quarterly dividend declared is $0.785 per share, with a payout ratio of 63% [29] Q&A Session Summary Question: Data center signings came in lighter than expected; can you elaborate on the slowdown? - Management noted that while the market remains strong, customers have been prioritizing large campuses for AI, which has affected leasing activity [35][36] Question: Is the slowdown in data center leasing just timing? - Management indicated that the focus on large language models has shifted back to their core markets, which should improve leasing activity going forward [38][40] Question: Can you break down the ALM growth in the quarter? - ALM growth was balanced between enterprise and data center, with volume being the primary driver of growth [45][48] Question: What are the dynamics in the hyperscale decommissioning sector? - Management highlighted their competitive advantage in providing secure and flexible decommissioning services, which has led to recent wins [52][54] Question: Can you discuss the margin trajectory and flow-through? - Management confirmed a 47% flow-through margin, driven by strong performance in the global RIM and data center businesses [60][62] Question: Can you clarify the revenue from the treasury contract? - Management stated that only $1 million of revenue was recognized in Q2, with expectations for more significant revenue in 2026 [64][69] Question: What are the targets for megawatts this year? - The expected range for new lease signings is 30 to 80 megawatts, with year-to-date signings at about 6 megawatts [72][74] Question: How is the company positioned in the data center ecosystem? - Management emphasized their focus on AI inference and cloud infrastructure, highlighting strong demand in key markets [78][82] Question: Can you elaborate on the growth in the digital business? - The digital business is experiencing strong growth due to unique capabilities in managing unstructured data, with a projected run rate of over $540 million [87][88]

Earnings season follows a predictable rhythm. Investors have now heard from many companies fueling the artificial intelligence (AI) revolution. This earnings season, hyperscalers like Amazon, Microsoft, and Meta Platforms have reiterated or increased their planned data center investments for 2025, among the mega-cap technology stocks. That coincides with a report from Grand Valley Research that forecasts the global data center market size to grow at a compound annual growth rate (CAGR) of 11.2% between 2025 ...

Apollo's Long-Term Capital to Accelerate Stream's 4+ GW Development Pipeline and Enable Deployment of Billions Into Critical U.S. Infrastructure NEW YORK and DALLAS, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds (the "Apollo Funds") have agreed to acquire a majority interest in Stream Data Centers ("SDC" or the "Company") from Stream Realty Partners ("SRP"). With Apollo's backing, SDC is positioned to execute on a multi-gigawatt pipeline while enabling Apollo ...