Iren (NASDAQ: Iren) has been one of the most volatile artificial intelligence (AI) stocks of the year. The stock had multiple 10%+ price swings in both directions over the past few days as its earnings date approaches. The AI data center provider reports earnings on Feb. 5, where some investors speculate it will announce another lucrative deal with a hyperscaler. However, not every investor is waiting for earnings to come out. The stock is already up by more than 20% year to date as investor enthusiasm bui ...

Galaxy Digital (NasdaqGS:GLXY) Q4 2025 Earnings call February 03, 2026 08:30 AM ET Company ParticipantsChristopher C. Ferraro - President and Chief Investment OfficerDevin Ryan - Head of Financial Technology ResearchGarrett Roberts - Managing Director- Head of Financing SalesGreg Lewis - Managing DirectorJames Faucette - Managing DirectorJames Yaro - Managing Director, Equity ResearchJoe Vafi - Managing Director, Equity ResearchJonathan Goldowsky - Head of Investor RelationsMartin Toner - Managing Director, ...

Core Viewpoint - Hagens Berman is alerting investors about a pending class action against CoreWeave, Inc. (NASDAQ: CRWV) for allegedly misleading the market regarding its AI infrastructure scalability and revenue guidance [1][3] Allegations of Misrepresentation - The lawsuit claims that CoreWeave overstated its capacity to meet customer demand and downplayed operational risks associated with reliance on a single third-party data center supplier [2][6] - Significant delays at the Denton, Texas data center were concealed, with completion pushed back by several months due to construction hurdles, contradicting management's claims of "rapid scaling" [6] Market Impact - Following the revelation of these delays, CoreWeave's market capitalization fell by approximately $14 billion, including a 16% drop on November 11 after the company lowered its guidance [2][6] - The stock's decline continued after a Wall Street Journal report highlighted the construction delays, resulting in substantial losses for shareholders [6] Legal Proceedings - The lead plaintiff deadline for the class action is set for March 13, 2026, and investors who purchased shares during the class period (March 28, 2025 – December 15, 2025) are encouraged to report their losses [4][5]

Investor.galaxy.com Q4 · 25 As of December 31, 2025 1 GALAXY 2 GALAXY Disclaimer This document, and the information contained herein, has been provided to you by Galaxy Digital Inc. and its affiliates ("Galaxy Digital" or "Galaxy") solely for informational purposes. This document may not be reproduced or redistributed in whole or in part, in any format, without the express written approval of Galaxy Digital. Neither the information, nor any opinion contained in this document, constitutes an offer to buy or ...

Core Viewpoint - Cipher Mining Inc. plans to offer $2.00 billion in senior secured notes due 2031 to finance its Black Pearl Facility and reimburse prior equity contributions [1][2]. Group 1: Offering Details - The offering will be made to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S [1][5]. - The notes will be fully guaranteed by Cipher Black Pearl and 11786 Wink LLC, with first-priority liens on substantially all assets of the Issuer and the Guarantors [3]. Group 2: Use of Proceeds - The net proceeds will be used to finance the remaining costs of the Black Pearl Facility, reimburse Cipher for $232.5 million in prior equity contributions, fund debt service reserves, and cover related fees and expenses [2]. Group 3: Completion Guarantee - Cipher will provide a completion guarantee to ensure the timely completion of the Black Pearl Facility if the proceeds from the notes are insufficient [4]. Group 4: Company Overview - Cipher focuses on developing and operating industrial-scale data centers for bitcoin mining and high-performance computing (HPC) hosting, aiming to lead in innovation within the industry [7].

"Project Kati is our blueprint for Renewable Computing at scale, and this agreement set the stage for accelerating the scale of our platform,†said John Belizaire, CEO of Soluna. "By securing modular, integrated infrastructure for the Kati deployment, we're aligning equipment delivery with available clean power and building in the flexibility to scale as demand evolves.†The eight modular units feature a patented pre-fabricated design that enables rigorous full-system testing and quality control checks befo ...

Core Insights - Galaxy Digital Inc. reported a net loss of $241 million for the full year 2025, with a diluted EPS of $(0.61), primarily due to lower digital asset prices and one-time costs of approximately $160 million [1][2][3] - The company achieved a total equity of $3.0 billion and cash and stablecoin holdings of $2.6 billion as of December 31, 2025, reflecting a 38% year-over-year increase in equity [1][3] - Galaxy's Asset Management business saw $2.0 billion in net inflows, representing 34% organic growth, with total assets on the platform ending the year at $12 billion [1][2] Financial Highlights - For Q4 2025, Galaxy reported a net loss of $482 million, with a diluted EPS of $(1.08), driven by a 24% decrease in total crypto market capitalization [1][2] - The full year 2025 adjusted gross profit was $426 million, while adjusted EBITDA was $34 million [1][2] - Total assets decreased by 2% quarter-over-quarter to $11.35 billion, while total equity decreased by 4% to $3.04 billion [1][2] Segment Performance - Digital Assets segment generated an adjusted gross profit of $51 million in Q4 2025, down 84% from the previous quarter, with adjusted EBITDA of $(29) million [2][3] - Global Markets reported an adjusted gross profit of $30 million in Q4 2025, with a marginal increase in average loan book size to $1.8 billion [2][3] - Asset Management & Infrastructure Solutions generated $21 million of adjusted gross profit in Q4 2025, with $6.4 billion in assets under management [2][3] Corporate Developments - Galaxy completed the acquisition of Alluvial Finance, enhancing its staking platform and positioning itself as a leader in liquid staking protocols [1][2] - The company raised $325 million in equity capital and $1.3 billion through an exchangeable senior notes offering to fund growth initiatives [1][2] - The Helios Data Center campus received ERCOT approval for an additional 830 MW of power capacity, doubling its total approved capacity to over 1.6 gigawatts [1][3]

Investment Opportunity - The world requires an investment of $7 trillion in infrastructure to support AI adoption over the next decade, covering AI factories, compute infrastructure, and power transmission [1] Company Overview - Brookfield Infrastructure is a leading global infrastructure company with diversified operations in utilities, energy midstream, transportation, and data infrastructure, generating steadily growing cash flow [5] Financial Performance - In 2025, Brookfield's funds from operations (FFO) grew by 6%, driven by inflation-related rate increases, volume growth, over $1.5 billion in new capital projects, and more than $1.1 billion in acquisitions [5] Data Center Capacity - Brookfield operates approximately 1.2 gigawatts (GW) of data center capacity globally, with an additional 1.1 GW of contracted capacity in its backlog and land capable of supporting 1.3 GW more [7] Growth in Data Infrastructure - The data infrastructure segment saw a more than 50% increase in FFO last year, aided by the commissioning of 220 megawatts (MW) of new data center capacity [6] Strategic Investments - Brookfield is investing in innovative power solutions for data centers, including a $5 billion framework agreement with Bloom Energy, which has led to the installation of 55 MW of power and secured contracts for an additional 230 MW by mid-2027 [8]

Core Insights - Aqylon Nexus Limited has signed a Memorandum of Understanding (MoU) with MBuzz Technologies to explore opportunities in AI, hyperscale data centres, and AI cloud infrastructure [1][3]. Industry Overview - India is rapidly becoming a leading market for AI adoption and hyperscale data centres, driven by enterprise digital transformation and increasing demand for GPU-powered AI workloads [2]. - States like Telangana are emerging as key destinations for large-scale AI and data centre investments [2]. MoU Scope - The MoU outlines potential cooperation in areas such as collaboration with NVIDIA AI Factory Partner, focusing on advanced AI platforms and GPU-based computing environments [4]. - The parties aim to assess the application of NVIDIA-based AI technologies in future digital infrastructure projects [4]. Long-Term Strategy - The MoU aligns with Aqylon Nexus Limited's strategy to build scalable and sustainable AI-ready digital infrastructure for enterprise customers in India and globally [5]. - The demand for AI-optimised data centres and cloud infrastructure is expected to rise as AI becomes foundational for modern enterprises [5]. Company Profiles - Aqylon Nexus Limited is focused on developing AI-ready hyperscale data centre infrastructure and cloud-based digital services, building capabilities in AI infrastructure and next-generation computing [7]. - MBuzz Technologies specializes in AI infrastructure and GPU-accelerated computing, with a focus on hyperscale data centre enablement and evaluation of opportunities across India and the Middle East [8].

Core Viewpoint - Hyperscale Data, Inc. has a significant Bitcoin treasury valued at approximately $44.3 million and aims to reach $100 million in Bitcoin holdings, indicating a strong commitment to its Bitcoin treasury strategy and a belief that its current market capitalization does not reflect the true value of its assets [1][3]. Financial Summary - As of February 1, 2026, the company's Bitcoin treasury totaled approximately $44.3 million, with cash and restricted cash amounting to about $52.2 million, leading to a combined total of approximately $96.5 million, which represents about 142.78% of the company's market capitalization [1][2]. - The company holds 575.5418 Bitcoin through its subsidiaries, with Sentinum holding approximately 543.5424 Bitcoin and Ault Capital Group holding about 31.9994 Bitcoin [3]. Investment Strategy - The company plans to fully deploy cash allocated to its digital asset treasury strategy into Bitcoin purchases over time, targeting at least 5% of allocated cash for investment each week, although actual amounts may vary based on market conditions [4]. Subsidiary Operations - Hyperscale Data operates through its wholly owned subsidiary Sentinum, which mines digital assets and provides colocation and hosting services, while Ault Capital Group focuses on acquiring undervalued businesses and disruptive technologies [6]. - The company expects to divest ACG in the fourth quarter of 2026, transitioning to a focus on data center operations and digital asset holdings [7].