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IREN Appoints Anthony Lewis as Chief Capital Officer to Lead Capital Markets Strategy
Globenewswire· 2025-07-01 11:56
Core Insights - IREN Limited has appointed Anthony Lewis as Chief Capital Officer to oversee capital markets activities and develop the company's capital structure and financing strategy, particularly in AI infrastructure investments [1][3] - Lewis brings over 22 years of experience from Macquarie Group, where he was Co-Treasurer responsible for global funding and capital management [2] - The appointment is expected to align IREN's financial strategy with growth opportunities in AI and compute infrastructure [3] Company Overview - IREN is a vertically integrated data center business focused on Bitcoin, AI, and renewable energy, operating in renewable-rich regions across the U.S. and Canada [6] - The company has secured 2,910 MW of grid-connected power across more than 2,000 acres, with a multi-gigawatt development pipeline [6] - IREN operates 810 MW of data centers supporting Bitcoin mining, AI cloud services, and AI data centers, with 50 EH/s of Bitcoin self-mining capacity and 1,896 NVIDIA GPUs for AI cloud services [8]
Digi Power X Reports 45% Month-Over-Month Increase in Cash and Crypto Position with no Long-Term Debt and Reports June 2025 Production Results
Globenewswire· 2025-07-01 11:30
Core Insights - Digi Power X Inc. reported unaudited comparative Bitcoin production results for Q2 2025 and June 2025, highlighting significant operational updates and financial performance [1][2][3] Production Highlights - The value of coins produced at the Company's facilities was approximately $12.4 million in Q2 2025, based on a Bitcoin price of $107,750 as of June 30, 2025 [7] - Miners produced approximately 94 BTC during the quarter, valued at about $10.1 million [7] - The Company earned gross energy and power revenue of approximately $2.3 million for the three-month period ended June 30, 2025 [7] Financial Position - As of June 30, 2025, the Company held cash, BTC, and cash deposits of approximately $13.5 million, a 45% increase from $9.3 million on May 31, 2025 [7] - Year-over-year, the total cash and crypto position increased by approximately 90% compared to June 30, 2024 [7] - The Company invested approximately $3.5 million year-to-date in capital expenditures and mining infrastructure support equipment [7] Strategic Partnerships - The Company launched a partnership with Super Micro Computer, Inc. to build AI data center systems powered by NVIDIA's B200 GPUs at its Alabama facility [4][5] - The first deployment will be a high-performance AI compute cluster using Super Micro's liquid-cooled server infrastructure, aimed at demonstrating the Company's capabilities [5] Operations Update - Digi Power X currently operates with approximately 100MW of available power across three sites and plans to expand capacity to 200MW and beyond [10] - The growth strategy includes leveraging existing assets and pursuing targeted acquisitions [10] Industry Positioning - As AI infrastructure experiences growth due to demand for training and enterprise deployment, Digi Power X aims to position itself as a preferred provider for modular, energy-backed AI infrastructure [6]
Digital Realty Published 2024 Impact Report, Highlighting Advancements in Sustainability Goals
Prnewswire· 2025-07-01 11:00
Core Insights - Digital Realty has made significant strides in sustainability, achieving 1.5 gigawatts (GW) of renewable energy capacity under contract and matching 185 data centers with 100% renewable energy in 2024 [2][4] - The company reached 75% of its global electricity needs from renewable energy, marking a 9% increase from the previous year [4] - Digital Realty emphasizes the need for innovation and partnerships to advance sustainable practices in data center operations moving forward [3] Sustainability Performance - Renewable Energy: Digital Realty's renewable energy procurement includes 1.5 GW of new solar and wind projects, 8.8 megawatts (MW) of onsite solar installations, and 100% renewable energy for its portfolios in various regions [4] - Resource Conservation: The company is actively exploring initiatives to use resources responsibly, focusing on electricity and water conservation [4] - Energy Efficiency: Energy conservation initiatives are projected to save 42,400 megawatt hours (MWh) and 28,500 metric tons of carbon dioxide equivalent (MTCO2e) annually [4] - Water Usage: 42% of irrigation and cooling needs are met with non-potable water, and overall water usage intensity for the North American colocation portfolio was reduced by 14% year-over-year [4] Sustainable Building Practices - Digital Realty certified eight global data centers totaling 1.9 million square feet under sustainable building standards, with over 15 million square feet certified under green building standards [4] Resilience and Security - The company has a strong track record of reliability and resilience against operational, security, weather, and climate change-related events, supported by regular risk assessments and security safeguards [4]
Hyperscale Data Subsidiary Ault Markets to Launch U.S.-Based Global Decentralized Cryptocurrency Exchange
Globenewswire· 2025-07-01 10:30
Core Viewpoint - Hyperscale Data, Inc. is launching a Decentralized Cryptocurrency Exchange (DEX) in Las Vegas, Nevada, aiming to position the U.S. as a leader in cryptocurrency innovation and global finance [1][3]. Group 1: DEX Launch and Features - Ault Markets, a subsidiary of Hyperscale Data, plans to enable peer-to-peer digital asset trading without centralized intermediaries, promoting true ownership, privacy, and global accessibility [2]. - The DEX is expected to support trading in up to 175 countries, marking a significant step in the evolution of global finance [2]. - Key features of the DEX include non-custodial peer-to-peer trading, support for all major tokens and blockchain networks, global compliance screening, high-speed low-cost transactions, decentralized identity integration, and 24/7 trading [10]. Group 2: Strategic Vision and Goals - The initiative is a direct response to the current administration's call for U.S. leadership in cryptocurrency innovation, with the goal of establishing a blockchain-native, pro-innovation DEX [3]. - The founder of Hyperscale Data emphasized the importance of setting a global standard for cryptocurrency access, transparency, and innovation, while empowering users worldwide [5]. - The DEX is expected to launch in early 2026, following a global node deployment and final smart contract audit [6]. Group 3: Company Overview and Future Plans - Hyperscale Data operates a data center that mines digital assets and offers colocation and hosting services, with plans to divest its subsidiary ACG by December 31, 2025 [8][9]. - Post-divestiture, the company will focus on data center operations to support high-performance computing services while potentially continuing its involvement in the digital asset space [9].
EdgeMode Secures Merger with BlackBerry AIF to Propel High-Performance Computing Expansion and Scales AI Data Center Infrastructure
Globenewswire· 2025-06-30 13:30
Core Viewpoint - EdgeMode Inc. is merging with BlackBerry AIF to acquire its assets, aiming to create a platform for expansion in the High-Performance Computing (HPC) data center sector across Europe, with a target valuation exceeding $1 billion [1][2][6] Company Overview - EdgeMode Inc. specializes in AI data infrastructure and high-performance computing data centers, focusing on energy-efficient colocation facilities [7] - BlackBerry AIF is a Spanish firm that designs and operates high-performance green data centers for AI and supercomputing workloads, founded in 2024 [9] Merger Details - Under the MOU, EdgeMode will acquire 100% of BAIF's issued share capital, resulting in BAIF stakeholders holding 50% of EdgeMode's equity [2] - The merger is expected to increase the combined assets by over $140 million, controlling a 4.4 GW pipeline of hyperscale-ready sites across Spain and Europe [2][4] - Initial 1 GW is ready to build (RTB) by Q4 2025, with an additional 1.2 MW targeted for RTB by Q4 2027 [2] Market Context - The global HPC market is projected to grow from approximately $54 billion in 2024 to $110 billion by 2032, reflecting a compound annual growth rate (CAGR) of 9.2% [5] - The growth in the HPC and data center markets is largely driven by the surge in AI adoption [5] Strategic Positioning - EdgeMode aims to leverage existing relationships with investment banks to attract substantial investor interest and enhance shareholder value [3] - The merger is expected to fast-track site development, attract hyperscale customers, and drive long-term value creation [6]
Hyperscale Data Subsidiary askROI Surpasses 300,000 App Downloads on Apple App Store and Google Play
Globenewswire· 2025-06-30 10:30
Core Insights - Hyperscale Data, Inc. has announced that its subsidiary askROI, Inc. has surpassed 300,000 cumulative app downloads across the Apple App Store and Google Play [1][2][3] Group 1: Company Overview - Hyperscale Data operates through its subsidiary Sentinum, Inc., which manages a data center for mining digital assets and providing colocation and hosting services for AI ecosystems [4] - The company also has another subsidiary, ACG, which focuses on acquiring undervalued businesses and disruptive technologies [4] Group 2: askROI App Performance - The askROI app offers advanced AI tools for personal and business use and has achieved significant organic growth despite minimal marketing efforts [2][3] - The app's downloads have increased from 160,000 to over 300,000, indicating strong user engagement and platform improvement [3] Group 3: Future Plans and Divestiture - Hyperscale Data plans to divest ACG by December 31, 2025, transitioning to focus solely on data center operations and high-performance computing (HPC) services [5] - The divestiture will involve an exchange of Series F Preferred Stock for shares of ACG, allowing stockholders to become ACG shareholders [6]
Hut 8 Energizes Vega Data Center
Globenewswire· 2025-06-30 10:30
Core Insights - Hut 8 Corp. has announced the initial energization of its Vega facility, which is believed to be the largest single-building Bitcoin mining facility by nameplate hashrate, with a capacity of 205 MW and the potential to support up to ~15 EH/s of Bitcoin mining [1][8] Group 1: Facility Overview - Vega spans 162,000 square feet, equivalent to five football fields, and is designed to support nearly 2.0% of the current global Bitcoin network hashrate [1] - The facility features a proprietary, rack-based, direct-to-chip liquid cooling system, allowing for higher compute density of up to 180 kW per rack, which is 50% higher than the requirement for NVIDIA Blackwell HGX GPUs [3][14] Group 2: Technological Innovations - The modular architecture of Vega includes pump skids, fluid distribution networks, and smart power distribution units, optimizing thermal efficiency and operational reliability [4] - The design is particularly relevant for AI training and high-performance computing (HPC) workloads, focusing on speed, density, and cost efficiency [6] Group 3: Financial Implications - Hut 8 has a colocation agreement with BITMAIN for the full ~15 EH/s deployment, expected to generate annualized revenue between $110 million and $120 million upon full energization [8] - The agreement includes a purchase option for Hut 8 to acquire the hosted fleet, potentially increasing its self-mining capacity from 10 EH/s to 25 EH/s [9] Group 4: Strategic Vision - The CEO of Hut 8 emphasized the innovation-driven approach to digital infrastructure design, aiming to scale and refine the architecture as workload requirements evolve [6] - The project represents a shift towards lower-cost, application-optimized infrastructure, bridging the gap between high-cost, high-redundancy builds and more efficient designs [6]
Nebius Group: My Biggest AI Portfolio Position
Seeking Alpha· 2025-06-30 10:06
Core Insights - Nebius Group N.V. is a high-growth data center startup from the Netherlands, gaining attention for its rapid expansion in the AI infrastructure market [1] Company Overview - Nebius Group is positioned as a significant player in the AI infrastructure sector, attracting investor interest due to its impressive growth trajectory [1] Market Position - The company is noted for its innovative approach and disruption within the tech industry, particularly in high-tech and early growth segments [1]
CalEthos Announces TerraVolt Infrastructure: A Geothermal-Powered Infrastructure Solution for Hyperscalers, Colocation Providers, and Data Center Developers.
Globenewswire· 2025-06-30 10:00
Tustin, CA, June 30, 2025 (GLOBE NEWSWIRE) -- CalEthos Inc., (OTCQB:GEDC), (“CalEthos” or the “Company”), today announced the formation of TerraVolt Infrastructure Inc. (TerraVolt), a subsidiary that was recently established to meet the escalating demand for sustainable, baseload, clean energy solutions for AI infrastructure and large-scale data centers. TerraVolt’s solution is an innovative Infrastructure-as-a-Service (IaaS) Platform that will integrate behind-the-meter geothermal power plants with pre-per ...
X @Bloomberg
Bloomberg· 2025-06-30 07:20
Anant Raj plans to spend $2.1 billion on data centers as it joins a growing list of Indian companies looking to ride the boom in demand for artificial intelligence https://t.co/queZMFVQBv ...