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WhiteFiber signs 10-year, 40 MW colocation deal with Nscale valued at about $865 million
Yahoo Finance· 2025-12-18 21:30
WhiteFiber (WYFI), a Nasdaq-listed data center and colocation provider focused on AI and high-performance computing, said its Enovum Data Centers subsidiary has signed a long-term colocation agreement with Nscale Global Holdings, an AI infrastructure and cloud services provider, in a press release Thursday. The shares rose 13% in after hours trading to $16.19 following news of the deal. The agreement covers 40 megawatts (MW) of critical IT load at WhiteFiber’s NC-1 data center campus in Madison, North C ...
WhiteFiber and Nscale Announce 10-Year, 40 MW Colocation Agreement Representing Approximately $865 Million in Total Contract Value at NC-1 AI Data Center Campus
Prnewswire· 2025-12-18 21:30
NEW YORK, Dec. 18, 2025 /PRNewswire/ -- WhiteFiber, Inc. (Nasdaq: WYFI) ("WhiteFiber" or the "Company"), a next-generation data center and colocation provider purpose-built for artificial intelligence (AI) and high-performance computing (HPC), today announced its subsidiary, Enovum Data Centers Corp., has executed a long-term colocation agreement with Nscale Global Holdings ("Nscale"), an AI infrastructure and cloud services provider serving enterprise and public sector customers. The agreement secures the ...
Applied Digital Sets Fiscal Second Quarter 2026 Conference Call for Wednesday, January 7, 2026, at 5:00 p.m. Eastern Time
Globenewswire· 2025-12-18 21:05
Core Viewpoint - Applied Digital Corporation will host a conference call on January 7, 2026, to discuss its operations and financial results for the fiscal second quarter ended November 30, 2025 [1][2]. Company Overview - Applied Digital is a designer, builder, and operator of high-performance, sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking, and blockchain workloads [4]. - The company was founded in 2021 and is headquartered in Dallas, TX [4]. - It has been recognized as the Best Data Center in the Americas 2025 by Datacloud [4]. - Applied Digital utilizes proprietary waterless cooling and rapid deployment capabilities to provide secure and scalable computing solutions [4]. Conference Call Details - The conference call will take place at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) [2]. - Participants can join by dialing 1-800-549-8228 and using Conference ID: 75943 [2]. - A replay of the call will be available from 8:00 p.m. Eastern Time on January 7, 2026, through January 14, 2026 [3].
House passes bill that would help advance AI data center buildout
CNBC Television· 2025-12-18 20:54
Scott, you know, you just talked about Micron, you've talked about AI. Both of those have just notched a major win in the House. They have just passed regul regulation that would basically help speed up data centers, the building of data centers as well as the building of transmission lines.And of course, the power and the energy that is much needed to power those data centers. And it actually passed the House with bipartisanship. You saw about 11 Democrats cross the aisle and vote with Republicans on that. ...
Hut 8 CEO says $7 billion data center deal with Google is 'first domino to fall'
Yahoo Finance· 2025-12-18 18:31
Core Insights - Hut 8 is transitioning from a "crypto miner" to an AI infrastructure provider, highlighted by a $7 billion deal to build a data center complex in Louisiana for Anthropic [1] - The company's stock surged approximately 20% following the announcement, reflecting investor confidence in its strategic shift and potential partnerships [2] - Year-to-date, Hut 8's stock has increased by 90%, driven by its energy assets and a strategic partnership with American Bitcoin [3] Financial and Strategic Details - The Louisiana project includes a financial guarantee from Google, ensuring payments for a 15-year lease, with a capacity of 245 megawatts (MW) that can scale up to 2,300 MW, potentially increasing the lease value to $17.7 billion [4] - Hut 8's CEO emphasized the importance of Google's involvement for securing favorable project financing from major banks like JPMorgan and Goldman Sachs [5] - The company is mitigating execution risks by establishing a conservative delivery schedule and utilizing local labor, with the first data hall expected to be delivered by Q2 2027 [6][7]
Elliott Management takes stake in Lululemon, Hut 8 CEO talks Anthropic data center partnership
Youtube· 2025-12-18 16:07
Good Thursday morning. Welcome to Opening Bid. I'm Yahoo Finance executive editor Brian Sazi.Let's get right after it. Here's what's on my mind right now. Inflation in President Trump's late night TV show.The consumer price index rose 2.7% in November according to new data out today. The headline result came in below estimates for a 3.1% increase. Consumers are still being pinched by high healthcare, rent, and food costs this holiday season, though.On the other end of the spectrum, we have President Trump d ...
X @Bloomberg
Bloomberg· 2025-12-18 15:22
Blackstone CEO Steve Schwarzman brushed aside talk of a bubble surrounding the data centers powering artificial intelligence, saying the business is conservative https://t.co/0Vq9gqJvAg ...
Blackstone CEO recollects company journey on 40-year anniversary
CNBC Television· 2025-12-18 14:20
Company Overview & Strategy - Blackstone was founded 40 years ago with $400,000 in capital, initially focusing on private equity (LBOs) [2][3] - The firm's strategy involves expanding into new money management areas to benefit customers and build large businesses [4] - Diversification is a key strategy to mitigate risks associated with focusing on a single business [5] - Blackstone has grown to offer 85 strategies, managing nearly $13 trillion in assets, starting from an initial $400,000 [6] - The company introduces approximately two new products per year, focusing on customer satisfaction and performance [7] Investment in Data Centers & AI - Blackstone aims to become a major owner of data centers, driven by the growth of AI [8] - The company recognized the potential of AI early on, similar to the impact of electricity [10][11] - Blackstone acquired QTS for $10 billion in 2021, which has since grown 14 times in size [11]
Here Are Thursday’s Top Wall Street Analyst Research Calls: Digital Realty, GE Vernova, Micron Technology, Merck & Co., Rivian, United Airlines, and More
Yahoo Finance· 2025-12-18 13:50
mezzotint / Shutterstock.com Quick Read Stocks took another beating on Wednesday amid concerns over the AI/Data Center trade. While inflation appears somewhat contained, any spike in the headline number today could send markets lower. Hopes for the “Santa Claus Rally” are diminishing as we enter the home stretch for 2025. If you’re thinking about retiring or know someone who is, there are three quick questions causing many Americans to realize they can retire earlier than expected. take 5 minutes ...
Applied Digital (APLD) Falls 9% on Investment Firms’ Growing AI Concerns
Yahoo Finance· 2025-12-18 13:15
We recently published 10 Big Names Investors Are Dumping. Applied Digital Corp. (NASDAQ:APLD) is one of the worst performers on Wednesday. Applied Digital slashed its share prices by 9.24 percent on Wednesday to close at $22 apiece as investors turned increasingly wary about the AI industry, supported by an investment firm’s withdrawal of its financial support for one of Oracle Corp.’s data center projects. On the same day, a report said that Blue Owl Capital backed out from a plan to support Oracle’s da ...