Financial Highlights - Record Core FFO per share of $1.87[6] - Net Income per share for 2Q25 is $2.94[7] - Total Revenue guidance updated to $5.925 - $6.025 billion[39] - Adjusted EBITDA guidance updated to $3.200 - $3.300 billion[39] - Core FFO per Share guidance updated to $7.15 - $7.25[39] Bookings and Backlog - Record 2Q Bookings from 0-1MW + IX (Interconnection) reached $90 million[10] - 66% of total 2Q bookings came from 0-1 MW + IX[10] - Total bookings at DLR share amounted to $135.3 million, with 0-1 MW contributing $72.5 million (54%), Interconnection $17.3 million (13%), and >1 MW $45.0 million (33%)[17] - Record commencements of $228 million[6] - Total bookings at 100% share reached $177 million[19] Capital & Sustainability - First U S Hyperscale Data Center Fund secured >$3 billion in LP Equity Commitments[6, 12] - The company has contracted 1.5 GW of renewable energy[13] - The company issued $7.2 billion in aggregate principal amount of green bonds[13]

Group 1 - The onsite water consumption for data center cooling is expected to increase by over 50% by 2030, despite a doubling of data center capacity during the same period [1] - Significant efficiency gains in water use are anticipated due to a shift towards water-efficient cooling technologies, which will require higher quality water [4] - There will be unprecedented double-digit annual growth in water-related technology and infrastructure spending for data centers [4] Group 2 - Hybrid air-water cooling systems and those designed for AI workloads are becoming standard in data centers, with a trend towards using lower-quality recycled water to reduce freshwater consumption [5] - In India, data center water use is projected to more than double by 2030, highlighting major risks in a country already experiencing extreme water stress [6] - Data centers can lower their onsite water footprint by adopting dry cooling methods, but this increases energy use and leads to greater indirect water consumption from power generation [7] Group 3 - Water-efficient cooling will be essential for the sustainable growth of data centers as power demand continues to rise through 2030 and beyond [7]

Frank Holland speaks with Vertiv CEO Gio Albertazzi and Oklo CEO Jacob DeWitte about a new agreement between the companies focused on creating power and heat management solutions for data centers and other digital infrastructure. ...

A modular data center startup called Armada has raised $131 million from investors. https://t.co/IofjQLJTdd ...

Group 1 - The U.S. Department of Energy has announced the selection of sites for artificial intelligence (AI) data centers [1] - These facilities will be located on certain federal lands [1]

Core Viewpoint - Digital Realty is collaborating with Oracle to enhance the adoption of hybrid IT and AI solutions through Oracle Cloud Solution Centers, aiming to accelerate deployment and reduce time to market for organizations globally [1][2]. Group 1: Collaboration and Benefits - The partnership emphasizes a shared commitment to simplifying the complexities of hybrid IT and AI adoption, leveraging Digital Realty's Pervasive Data Center Architecture (PDx®) alongside Oracle's technologies [2]. - Customers are experiencing significant benefits, such as Grupo Anaya reducing latency and network costs by approximately 75% and improving end-user performance by up to 40%, achieving these results a year ahead of schedule [3]. Group 2: Infrastructure and Solutions - Oracle Solution Centers provide a secure environment for customers to design, test, and validate hybrid and AI architectures, available globally through Digital Realty's PlatformDIGITAL® [7]. - A library of 15 infrastructure configurations has been developed to assist customers in modernizing their IT and leveraging the latest AI and cloud innovations [7]. Group 3: Industry Perspective - The collaboration is highlighted as a strong example of how ecosystem partnerships can facilitate the real-world adoption of data-driven infrastructure, helping enterprises reduce complexity and shorten deployment timelines [5].

Core Insights - Carrier Connect Data Solutions Inc. has completed the acquisition of Nexion W1 DC Pty Ltd, enhancing its international expansion strategy in the data center sector [1][2][3] Group 1: Acquisition Details - The acquisition involved 100% of the issued shares of Nexion W1 for an aggregate purchase price of AUD $2.5 million, which includes AUD $200,000 in cash at closing, AUD $100,000 payable six months later, and AUD $2.2 million under a secured vendor financing arrangement repayable over 25 years at 9% interest [3] - The Nexion W1 facility operates a 2 Megawatt Tier II/III data center in Perth, Australia, servicing the Asia Pacific region, marking a significant milestone for the company [2][3] Group 2: Strategic Importance - The acquisition strengthens the company's presence in the Asia-Pacific market and complements its Vancouver-based operations, allowing better service to AI companies and co-location enterprises [4] - The Nexion W1 facility is expected to generate sticky monthly recurring revenue of approximately AUD $65,000 and has the potential to generate up to AUD $350,000 per month in revenue without new capital investment, with current rack utilization at less than 20% [4] Group 3: Company Mission and Operations - Carrier Connect Data Solutions aims to consolidate Tier II/III data centers internationally, focusing on co-location and data center solutions for AI companies, service providers, enterprises, and small businesses [6] - The company operates as a carrier-neutral organization, with its principal markets being Vancouver, Canada, and Perth, Australia, serving clients who utilize its facilities as primary or ancillary data centers [6]

Core Viewpoint - Digi Power X Inc. successfully closed a registered direct offering of 4,807,693 shares at a price of U.S.$3.12 per share, raising approximately U.S.$15 million, which strengthens its financial position with over U.S.$30 million in cash and no long-term debt [2][3][9] Financial Highlights - The offering generated gross proceeds of approximately U.S.$15 million before deducting fees and expenses [2][4] - Post-offering, the company holds over U.S.$30 million in cash and cash equivalents with zero long-term debt [3][8][9] Offering Details - The offering was made to a single new fundamental institutional investor, indicating growing interest in the company's scalable AI infrastructure strategy [3][9] - Titan Partners Group acted as the sole placement agent, receiving a 7% cash commission and purchase warrants [4][9] Strategic Use of Proceeds - Proceeds from the offering will be used to expand the deployment of NeoCloud Tier 3 AI infrastructure, accelerate manufacturing and global distribution of ARMS 200 pods, and support strategic joint ventures and energy deployments [9]

Core Insights - Applied Digital (APLD) has secured a 250MW lease agreement with CoreWeave (CRWV) for its Ellendale campus, enhancing its position in the AI infrastructure market [1][9] - The new liquid-cooled facility at Ellendale is designed for AI workloads and is expected to commence operations in the fourth quarter of 2025 [2] - APLD's previous financial partnerships have unlocked up to $5.4 billion in financing, indicating strong confidence in its scalability [2][9] Infrastructure Development - The first 100MW facility at Ellendale is fully constructed, with an additional 150MW planned through 2026 [3] - APLD's early investments in power infrastructure and land banking provide a competitive edge in a market with high demand for AI data centers [3] Strategic Moves - APLD is considering a strategic sale of its Cloud Services business, which could streamline operations and facilitate a future conversion to a REIT [4] - This divestiture may lower the cost of capital and enhance the company's valuation [4] Market Position - APLD has a 1.4GW pipeline and is gaining credibility among top-tier AI clients, positioning itself as a key player in the AI compute sector [5] - The recent lease agreement with CoreWeave is expected to strengthen APLD's long-term cash flows and strategic relevance in the hyperscale AI market [5] Competitive Landscape - CoreWeave and Equinix (EQIX) are significant competitors, with both making substantial investments in hyperscale infrastructure [6] - Equinix has announced a joint venture to raise over $15 billion for expanding its xScale data centers, adding more than 1.5GW of capacity [7] Financial Performance - APLD's shares have increased by 43.3% year-to-date, outperforming the industry average gain of 6.6% [8] - The company trades at a forward price-to-earnings ratio of 8.94, above the industry average and its three-year median of 1.66 [11] - The Zacks Consensus Estimate for APLD's fiscal 2026 earnings suggests a 67.2% year-over-year increase [12]

Partnership & Industry Focus - Oklo and Vertiv Holdings are partnering to provide power and cooling solutions for AI data centers [1] - The partnership focuses on small, modular nuclear power reactors [1]