Core Viewpoint - Digital Realty has announced the tax treatment of its 2025 dividends for both common and preferred stock, detailing the breakdown of taxable dividends and their classifications for tax reporting purposes [1][2]. Common Stock Dividends - The 2025 taxable dividend for Digital Realty's common stock is $4.88 per share, which includes one quarterly distribution declared in 2024 and paid in January 2025, along with three quarterly distributions declared and paid in 2025 [2]. - The breakdown of the taxable dividend is as follows: $3.833656 per share (79%) classified as ordinary income and $1.046344 per share (21%) as capital gain distribution [2]. Preferred Stock Dividends - For Series J Cumulative Redeemable Preferred Stock, the 2025 taxable dividend is $1.312500 per share, with $1.031080 per share (79%) reported as ordinary income and $0.281420 per share (21%) as capital gain distribution [4]. - For Series K Cumulative Redeemable Preferred Stock, the 2025 taxable dividend is $1.462500 per share, with $1.148916 per share (79%) as ordinary income and $0.313584 per share (21%) as capital gain distribution [7]. - For Series L Cumulative Redeemable Preferred Stock, the 2025 taxable dividend is $1.300000 per share, with $1.021260 per share (79%) as ordinary income and $0.278740 per share (21%) as capital gain distribution [8]. Quarterly Distribution Details - The quarterly distributions for common stock are as follows: - $1.22 per share for the distribution declared in December 2024 and paid in January 2025 [5]. - Each of the three distributions in 2025 is $1.22 per share [3]. - The quarterly distributions for Series J, K, and L preferred stocks are detailed in their respective tables, showing the breakdown of ordinary and capital gain distributions for each quarter [4][7][8]. Company Overview - Digital Realty is a global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions, with a footprint of over 300 facilities across more than 50 metropolitan areas in 25 countries [10].

Core Insights - Infrastructure is viewed as the future of crypto and artificial intelligence, with significant investments being made in land to support these sectors [1][5] - A substantial portion of the investment portfolio is allocated to crypto-related assets, indicating a strong belief in the sector's potential [2] Group 1: Investment Strategy - The investor controls 26,000 acres of land across various regions, with plans to power infrastructure for AI, cloud computing, and crypto [1] - The strategy involves acquiring land and power, then leasing it to companies for development, rather than building data centers directly [4] - The investor believes that many announced data centers will not be built due to a lack of prepared land, suggesting a significant opportunity in land acquisition [4] Group 2: Market Perspective - The investor has expressed skepticism about the broader crypto market, focusing instead on Bitcoin and Ether as the primary assets of interest for institutional capital [6] - Recent developments in exchange-traded funds (ETFs) have attracted retail capital, but the investor believes they hold little significance for institutional investors [6] Group 3: Infrastructure Value - Power contracts in certain locations are considered more valuable than Bitcoin, especially those with low pricing, highlighting the importance of infrastructure over tokens in the long term [5] - The acquired lands are being developed with full utilities in mind, including power, water, fiber, and air rights, to support energy-intensive operations [4]

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP reminds investors of the upcoming March 13, 2026 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired CoreWeave, Inc. ("CoreWeave†or the "Company†) (NASDAQ: CRWV) securities between March 28, 2025 and December 15, 2025, inclusive (the "Class Period†). However, on October 30, 2025, Core Scientific announced that it had not received enough shareholder votes to approve the merg ...

Financial Data and Key Metrics Changes - Q4 core FFO was $1.44 per share, finishing at the top end of guidance ranges [10] - Average occupancy was 95.3% for Q4 and 95% for the full year, with period-end occupancy at 95.8% [10] - Same-store NOI growth was 4.7% on a net effective basis and 5.7% on a cash basis, exceeding guidance [11] - Net effective rent change for the year was over 50%, with a quarterly change of 44% [10][11] Business Line Data and Key Metrics Changes - The company signed 57 million sq ft of leases in Q4, driving occupancy towards 96% [9] - Development platform, particularly build-to-suits, exceeded expectations, capturing significant market share [9] - The Data Center business saw a growing power pipeline, with expectations for solid starts in the upcoming year [9] Market Data and Key Metrics Changes - Q4 net absorption was 59 million sq ft in the U.S., leading to a decline in U.S. vacancy to 7.4% [14] - Many markets are experiencing a slowdown in rent decline, with some showing positive growth [14] - International markets, particularly in Latin America and Europe, are outperforming, with strong occupancy and rent growth [16] Company Strategy and Development Direction - The company focuses on three priorities: extending leadership as a best-in-class operator, capturing value creation opportunities in logistics and data centers, and enhancing shareholder returns through growth in assets under management [7][8] - The company aims to develop critical infrastructure in logistics and data centers, leveraging customer relationships and expertise [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational momentum and strategic initiatives in place for 2026, indicating a strong position for long-term growth [22] - The tone of customer conversations is increasingly positive, with e-commerce driving demand [15] - Management noted that while uncertainties exist, they are treated as planning assumptions rather than impediments [15] Other Important Information - The company sold approximately $900 million of value-maximized assets and acquired $625 million at attractive discounts [11] - The company achieved significant milestones in strategic capital, including the IPO of the China AMC Prologis Logistics REIT [17] Q&A Session Summary Question: Changes in strategic initiatives with new leadership - Management highlighted a focus on compounding the core logistics business while broadening the platform, with plans to grow strategic capital significantly [24][25] Question: Market rent growth expectations for 2026 - Management expects net absorption to approach 200 million sq ft in 2026, with vacancies declining to 7.1%-7.2% by year-end [33] Question: Data Center project details and guidance - Management indicated that 40% of the overall development starts guidance will be in Data Centers, with a mix of powered shell and turnkey projects [38] Question: Update on the 10 GW power outlook - Management remains confident in the 10 GW pipeline, emphasizing the significant opportunities available [43] Question: Capital deployment pipeline and ramp-up - Management noted that capital deployment decisions are made based on market conditions, with a significant number of opportunities available [56][57] Question: Same-store growth guidance breakdown - Management indicated that occupancy gains are expected across geographies, with a smaller contribution from mark-to-market as rent changes normalize [79]

Group 1 - A class action lawsuit has been filed against Fermi Inc. on behalf of investors who acquired Fermi securities during the Class Period from October 1, 2025, to December 11, 2025 [1][2] - Fermi is headquartered in Amarillo, Texas, and aims to establish a network of large, grid-independent data centers powered by various energy sources, with its flagship project being "Project Matador" [3] - The lawsuit alleges that Fermi misled investors about tenant demand for Project Matador and the status of its funding, particularly failing to disclose reliance on a single tenant's funding commitment [4] Group 2 - On December 12, 2025, Fermi disclosed that the first tenant for Project Matador had terminated a $150 million agreement, leading to a nearly 34% drop in share price, closing at $10.09 [5] - Investors have until March 6, 2026, to seek appointment as lead plaintiff representative of the class [2]

Group 1 - Digital Realty has signed an agreement to acquire CSF Advisers, entering the Malaysian market and expanding its PlatformDIGITAL® in one of Southeast Asia's fastest-growing digital markets [2][4] - The acquisition includes the TelcoHub 1 data center in Cyberjaya, which is one of the most mature data center hubs in the Greater Kuala Lumpur area, featuring a capacity of 1.5 megawatts and over 6,000 fiber strands [3][4] - The acquisition is expected to be completed in the first half of 2026, subject to customary closing conditions, and will integrate the Malaysian facility into Digital Realty's global data center platform [3][5] Group 2 - Digital Realty plans to enhance its local team to support future business growth and operational scalability, with the current management team from CSF Advisers joining the company [5] - Malaysia's total data center capacity is projected to grow from 1.26 gigawatts in 2025 to 2.53 gigawatts by 2030, driven by increasing demand for cloud services and AI applications [5] - The company aims to collaborate closely with the Malaysian government and industry stakeholders to support the national digital strategy and promote energy-efficient data center practices [5][6] Group 3 - Digital Realty's expansion into Malaysia builds on its existing operations in Singapore and Jakarta, as the company continues to evaluate opportunities for capacity and partnerships in the region [6] - The acquisition will enhance Digital Realty's ability to support local customers and businesses operating in the Southeast Asian market, providing complementary capacity and interconnection services [4][5] - The company emphasizes its commitment to sustainable development and long-term investment in Malaysia's digital infrastructure ecosystem [5][6]

Core Insights - The partnership between Riot Platforms and AMD represents a significant validation of Riot's Power First strategy, with the potential total contract value exceeding $1 billion and an initial deployment capacity of 25 Megawatts (MW) that can scale up to 200 MW [1] - Institutional investors are re-evaluating Riot as a critical infrastructure landlord, moving beyond its previous perception as merely a cryptocurrency miner [2][5] - Riot's stock performance has diverged from Bitcoin prices, indicating a fundamental shift in investor sentiment, with shares rising over 16% despite Bitcoin's decline [4][3] Financial and Operational Developments - Riot's acquisition of a 200-acre site for $96 million enables the development of custom data centers necessary for AI, transitioning from a ground lease to fee-simple ownership [6] - The AMD lease introduces revenue stability, providing a fixed-income floor that contrasts with the historically variable revenue from Bitcoin mining [7] - Riot currently holds approximately 1.7 Gigawatts (GW) of secured power capacity, enhancing its competitive position in the market [9] Strategic Growth Initiatives - The Corsicana facility is being developed with a planned capacity of 1 GW, designed for both mining and high-performance computing [10] - Riot has initiated the development of 112 MW of infrastructure in Corsicana, reflecting management's confidence in future demand for AI and cloud computing [11] - The company is mitigating execution risks through vertical integration, controlling the supply chain for critical electrical components [12] Market Position and Future Outlook - Riot's strategic pivot allows it to leverage its Bitcoin treasury to fund infrastructure development while maintaining exposure to cryptocurrency market upside [13] - The AMD deal serves as a blueprint for future growth, positioning Riot as a key enabler in the expanding AI compute market [14] - Analysts have responded positively, with price targets for Riot raised to $30 and $31, reflecting the scarcity value of access to power in the current energy market [8]

Investment and Expansion Plans - Minister for Large and Medium Industries M B Patil engaged in high-level discussions with global company executives regarding investment and expansion plans during the World Economic Forum (WEF) Annual Meeting in Davos [1][9] - CFI Technologies announced readiness to inaugurate a data centre in Bengaluru and expressed interest in expanding into tier-2 cities [2][9] - Bharti Enterprises has invested approximately Rs 13,000 crore in Karnataka and discussed plans for an additional data centre in the state [2][9] Sector-Specific Investments - Philip Morris International is interested in investing in Karnataka for the manufacturing of next-generation smoke-free products, identifying the state as its second-largest global procurement location [3][9] - Carlsberg Group confirmed a Rs 350-crore investment for bottling capacity and indicated plans for further expansion in Karnataka [4][9] - Bharat Forge Limited sought information on further investment opportunities aligned with Karnataka's industrial and manufacturing ecosystem [9] Research and Development Initiatives - Imperial College London is considering establishing a research and development centre in KWIN City and aims to expand research activities in collaboration with local higher education institutions [5][9] - The university currently operates an innovation hub in Bengaluru and collaborates with the Indian Institute of Science (IISc) [5][9] Renewable Energy and Technology Discussions - Discussions were held with ReNew Power regarding renewable energy generation and storage opportunities [6][9] - Xylem Inc engaged in talks about smart wastewater treatment and tertiary treated water plants for industrial areas [6][9] - Octopus Energy discussed vehicle-to-grid technology and digital solutions for grid management [6][9] Digital Infrastructure and Talent Pool - PayPal emphasized Karnataka's significance to its global operations, highlighting Bengaluru's talent pool and discussing AI-driven innovation and startup ecosystem collaboration [7][9] - Sify Technologies announced a new data centre facility in Karnataka set for imminent inauguration and explored opportunities for data centre development in tier-2 cities [7][9] Government Commitment - The Karnataka government reaffirmed its commitment to policy continuity, regulatory certainty, and full facilitation to ensure the timely execution of investments discussed at WEF [8][9]

Summary of DigiPowerX Conference Call Company Overview - **Company Name**: DigiPowerX - **Ticker Symbol**: DGHI - **Industry**: Energy Infrastructure, specifically focusing on high-performance computing (HPC) data centers and sustainable energy assets [1][2] Core Business and Strategy - DigiPowerX specializes in acquiring, building, and managing infrastructure for Tier I and Tier III HPC data centers tailored for AI workloads [2] - The company has a robust portfolio, including a wholly owned combined cycle power plant in Upstate New York, which is transitioning into a Tier III facility [3] - The strategy includes leveraging existing infrastructure to expedite the deployment of additional Tier III data centers and providing scalable modular solutions [4] Financial Position - As of the latest update, DigiPowerX has approximately **$94 million** in cash and cash equivalents and a market capitalization of about **$250 million** with no long-term debt [3] - The company anticipates generating revenue through its Tier III HPC and AI services, with expected revenue from NYISO capacity payments estimated between **$3 million and $5 million** [5] Infrastructure and Capacity - Current operational footprint includes: - **Columbiana, Alabama**: 70 MW operational capacity (converted to Tier III) - **Upstate New York**: 123 MW capacity from the power plant and 19 MW in Buffalo [4][5] - Plans to develop a site in North Carolina with a capacity of **200 MW** for future use [5] Technological Developments - Partnership with Supermicro to deploy modular ARMS pods powered by NVIDIA GPUs [2] - Introduction of NeoClouds, a GPU-as-a-service offering, aimed at providing on-demand AI computing resources [2][7] - The ARMS modular units are designed for quicker deployment and lower capital expenditure requirements [7] Market Position and Growth Potential - The company is well-positioned to capture the surging demand for AI-driven colocation services, with a focus on high-density data center development [4] - Plans to expand operational capacity by **20 MW by mid-2026** and **40 MW by the end of 2026** [9] - Transitioning from Bitcoin mining to Tier III data centers is expected to enhance asset value per megawatt [9] Strategic Collaborations - Collaboration with Nano Nuclear Energy to explore zero-emission energy solutions, with results expected in the future [6] - Plans to establish a direct sales model for ARMS modular units globally through partnerships [16] Revenue Generation and Future Outlook - The introduction of GPU-as-a-service is anticipated to differentiate the company and accelerate revenue growth in the first half of 2026 [14] - Ongoing discussions for enterprise-level pilot programs with Tier 1 customers, with potential agreements expected within the next 90 days [11][12] Marketing and Efficiency - The company plans to promote the environmental benefits and efficiency of its liquid cooling systems over traditional air cooling to attract high-density AI clients [17] Conclusion - DigiPowerX is strategically positioned in the growing AI and HPC market, with a strong financial foundation and innovative technology partnerships aimed at driving future growth and sustainability in energy infrastructure [1][2][3]

Group 1: Data Centre Infrastructure in Greenland - Global data centre electricity consumption is projected to increase by 50% by 2027 from 2023, making Greenland an attractive location for data centres due to its cold climate and renewable energy resources [1] - Greenland's energy generation is currently 70% from hydropower, providing opportunities for low-carbon electricity for future data centres [1] - The Nuuk data centre, a DKr146m ($21m) project, is designed to operate on 100% renewable energy and will utilize a free cooling system to enhance energy efficiency [1] Group 2: Strategic Resource Competition - Greenland is rich in critical minerals, including rare earth elements essential for advanced technology infrastructure, positioning it as a key player in resource competition [2] - The EU Commission estimates that Greenland holds significant quantities of 25 of the EU's 34 critical raw materials, highlighting its resource potential for high-tech infrastructure [2] Group 3: Geopolitical Significance - Greenland's location between North America and Europe is recognized as critical for US national security, with the Thule Air Base and proximity to Arctic shipping lanes [3] - Recent discussions by Donald Trump regarding the acquisition of Greenland emphasize its strategic importance in countering Russian and Chinese influence in the Arctic [3] Group 4: Challenges and Opportunities - The construction of scalable data campuses in Greenland would require significant infrastructure development, including expanded ports, power generation, and housing [6] - The demand for specialized Arctic engineering and modular construction techniques will increase, potentially leading to capital costs in the hundreds of billions over decades [6] - Existing subsea cables and plans to expand connectivity to North America enhance Greenland's feasibility as a transatlantic data hub [5] Group 5: Future Implications - The convergence of Arctic geopolitics, AI infrastructure needs, and construction capabilities suggests that Greenland could become a focal point for global data centre growth [7] - Any potential acquisition of Greenland by the US could have profound implications for NATO and reshape global construction markets [7]