ASX tech was one of 2025’s worst places to hide. The question for 2026: is this a blip, or the start of a longer reset?WiseTech, Xero and NextDC didn’t lose their moats overnight. Leverage, pricing changes and “swing for the fences” M&A forced the market to reprice risk.For every news headline about AI bubbles and the Magnificent Seven taking over the S&P 500, ironically, the ASX technology index was punished. With a 21% drop in the Technology index, it was one of the worst places to hide on the ASX in 2025 ...

Core Viewpoint - Fermi Inc. is facing a proposed securities class action due to allegations of misleading IPO materials and the abrupt termination of a significant agreement with its prospective anchor tenant for Project Matador, which has led to substantial investor losses [1][3][4]. Group 1: Company Overview - Fermi Inc. is a hyperscaler development company that recently completed its initial public offering (IPO) in October 2025, raising approximately $784 million by issuing over 37 million shares at $21 each [2][3]. - The company’s Project Matador is positioned as an advanced energy and intelligence campus aimed at supporting AI infrastructure [3]. Group 2: Legal Proceedings - A class action lawsuit, Lupia v. Fermi Inc., is being filed to represent investors who purchased shares during the class period from October 1, 2025, to December 11, 2025, following the IPO [2][3]. - The lawsuit claims that Fermi's IPO documents were misleading, particularly regarding tenant demand for Project Matador, which was marketed as a groundbreaking energy campus [3][4]. Group 3: Market Reaction - Following the announcement of the termination of the agreement with the First Tenant on December 11, 2025, Fermi's stock price plummeted by 33%, closing at $10.09, which is nearly 52% lower than the IPO price [4]. - The abrupt nature of the announcement and lack of explanation regarding the First Tenant's exit has raised concerns about the company's transparency [4].

Group 1: Market Trends and Predictions - Veteran investor Louis Navellier warns against chasing the recent "junk rally" in low-quality stocks, advocating a return to quality stocks with strong earnings growth as the 2026 financial year begins [1] - Navellier predicts a "big flip" in January where quality companies with accelerating sales and earnings will regain market leadership, following a fourth-quarter mean reversion [2] - He highlights an increase in institutional buying pressure in data center stocks as an early sign of this trend [3] Group 2: Company Earnings and Growth Projections - Navellier is positioning his portfolio for the upcoming corporate earnings season, referring to it as "judgment day" for earnings [4] - Nvidia Corp. is identified as a top pick, expected to report a 66.7% increase in sales and a 71% jump in earnings, driven by new chip sales to China [4] - Palantir Technologies is forecasted to see a 64.1% earnings surge due to its role in AI implementation for government contracts [5] - Seagate Technology and Celestica are also highlighted as beneficiaries of the data center boom, with earnings expected to rise 37.6% and 58.1%, respectively [5] Group 3: Economic Outlook - Navellier expresses concern over the broader economy, predicting that deflation will be the primary story for 2026, rather than inflation [6] - He cites falling rental costs, declining condo prices, and low energy prices as indicators that the Federal Reserve should cut rates by at least 100 basis points to prevent a deeper economic slowdown [7] Group 4: Market Performance - In 2025, the S&P 500 increased by 16.65%, while the Nasdaq Composite and Dow Jones gained 20.54% and 13.38%, respectively [8] - The SPDR S&P 500 ETF Trust and Invesco QQQ Trust ETF showed positive premarket movements, with SPY up 0.24% at $684.82 and QQQ up 0.52% to $616.29 [8]

Core Insights - Liberty Energy Inc. (LBRT) has formed a transformative partnership with Vantage Data Centers to meet the increasing demand for digital infrastructure through utility-scale, high-efficiency power solutions [1][12] - The collaboration aims to deliver up to 1 gigawatt (GW) of power agreements within five years, including a reservation of 400 megawatts (MW) by 2027, with potential for future expansion [2][8] Partnership Objectives - The partnership focuses on developing and deploying power solutions to support Vantage's expanding data center portfolio in North America, ensuring reliable and sustainable energy for major tech companies [1][12] - Liberty Power Innovations (LPI), a subsidiary of Liberty Energy, will manage these power solutions, leveraging over a decade of experience in advanced distributed power systems [4][12] Technological Innovations - LPI's platform includes advanced technologies such as Forte power generation and Tempo intelligent load management, which are crucial for providing reliable primary power to Vantage's facilities [5][9] - The integrated power solutions will enable data centers to operate independently from the grid or optimize their operations using grid attributes, enhancing reliability and efficiency [7][10] Market Demand and Future Outlook - The growing demand for AI technologies and cloud computing is driving the need for energy-efficient and scalable power solutions, which the LBRT and Vantage partnership aims to address [3][6] - This collaboration sets a new standard for power infrastructure in the digital age, supporting the development of next-generation data centers that can meet evolving AI and cloud computing needs [11][13] Economic and Environmental Impact - The partnership enhances local energy resilience and offers flexibility to support the local grid, addressing rising energy costs and supply constraints [9][10] - By securing long-term, reliable power sources, Vantage can maintain control over energy costs, aligning with broader goals of reducing carbon footprints and promoting sustainable energy practices [10][12]

Core Viewpoint - Cipher Mining Inc. has appointed Lee Bratcher as Head of Policy and Government Affairs and Drew Armstrong as Head of Strategic Initiatives to strengthen its leadership team and support growth in the industrial-scale data center sector [1][4]. Group 1: Appointments and Roles - Lee Bratcher brings extensive experience in the Texas and federal energy regulatory landscape, having previously served as President and Founder of the Texas Blockchain Council, and will lead Cipher's energy policy strategy [2]. - Drew Armstrong, with a background as President and COO of Cathedra Bitcoin and a founding member of Galaxy Digital's bitcoin mining unit, will oversee strategic projects aimed at growth in the high-performance computing (HPC) industry [3]. Group 2: Company Strategy and Goals - Cipher aims to become a market leader in the development and operation of industrial-scale data centers for bitcoin mining and HPC hosting, focusing on innovation and expansion [4]. - The addition of experienced leaders like Bratcher and Armstrong is seen as critical for accelerating Cipher's growth and enhancing its position in the AI and HPC data center industry [4].

Core Viewpoint - Digi Power X Inc. has provided a comprehensive update on its financial position and the execution of its AI infrastructure strategy, including the deployment of its ARMS 200 Tier III modular data center platform and the implementation of its first NVIDIA B200 GPU cluster [1] Financial Position - The company is positioned to launch its GPU-as-a-Service platform, NeoCloudz, expected in the first quarter of 2026 [1] - Digi Power X is expanding its intellectual property and global distribution partnerships [1] AI Infrastructure Strategy - The deployment of the ARMS 200 Tier III modular data center platform has begun [1] - The first NVIDIA B200 GPU cluster has been successfully implemented [1]

Core Viewpoint - Digital Realty, the largest global provider of cloud- and carrier-neutral data center solutions, is set to release its financial results for Q4 2025 on February 5, 2026, after market close [1] Group 1: Financial Results Announcement - The financial results for the fourth quarter of 2025 will be released after the market closes on February 5, 2026 [1] - A conference call to discuss these results will take place at 5:00 p.m. ET / 4:00 p.m. CT on the same day [1] Group 2: Webcast Information - A live webcast of the conference call will be available on the Investors section of Digital Realty's website [2] - The webcast will be archived until February 5, 2027, with a replay available shortly after the live event concludes [2] Group 3: Company Overview - Digital Realty provides a full spectrum of data center, colocation, and interconnection solutions, connecting companies and data [3] - The company's global data center platform, PlatformDIGITAL®, offers a secure data meeting place and a proven methodology for managing Data Gravity challenges [3] - Digital Realty operates over 300 facilities in more than 50 metropolitan areas across 25+ countries on six continents [3]

Core Viewpoint - Hyperscale Data, Inc. has successfully achieved a Bitcoin treasury amounting to approximately $80.2 million, which is 102% of its market capitalization as of January 5, 2026, and aims to reach $100 million in Bitcoin as part of its digital asset treasury strategy [1][2]. Group 1: Bitcoin Treasury and Market Capitalization - The company's Bitcoin treasury, including current holdings and cash for future purchases, totals around $80.2 million, representing 102% of its market capitalization [1]. - The company has set a goal to maintain its Bitcoin holdings at parity with its market capitalization while pursuing a broader strategy to accumulate Bitcoin [1]. - The next target for the company is to achieve $100 million in Bitcoin on its balance sheet [1]. Group 2: Subsidiary Holdings and Strategy - The wholly owned subsidiary Sentinum, Inc. held approximately 524.6978 Bitcoin as of January 4, 2026, valued at around $48 million based on the Bitcoin price of $91,413 [2]. - ACG, another wholly owned subsidiary, held 8.000 Bitcoin as of January 4, 2026, acquired in the open market [3]. - 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 each week [4]. Group 3: Reporting and Transparency - Hyperscale Data intends to provide weekly updates on the total amount of Bitcoin owned and the amount purchased during the prior week, ensuring consistent and transparent reporting [5]. - The company does not plan to provide regular updates on cash balances but will continue to report on Bitcoin holdings and purchases [5]. Group 4: Future Plans and Divestiture - The company expects to divest ACG in the third quarter of 2026, after which it will focus on operating data centers and holding digital assets [8]. - Until the divestiture occurs, the company will continue to provide mission-critical products through ACG and its subsidiaries across various industries [8].

Company Overview - Equinix, Inc. (NASDAQ:EQIX) is a leading digital infrastructure company that provides data center and interconnection services globally, facilitating connections between businesses and their partners and customers through an extensive network of data centers [1] Market Position and Analyst Sentiment - Deutsche Bank initiated coverage on Equinix with a "Buy" rating on January 5, 2026, reflecting confidence in the company's market position and growth potential in the digital infrastructure sector [2][6] - The stock price at the time of Deutsche Bank's coverage initiation was $772.02, indicating a positive outlook for investors [2] Financial Performance and Upcoming Events - Equinix has scheduled a conference call for February 11, 2026, to discuss its financial results for the fourth quarter and full year of 2025, which will provide insights into its financial health [3][6] - The current trading price of EQIX is $772.02, with a market capitalization of approximately $75.31 billion, highlighting its significant presence in the industry [4][6] Trading Activity - Today's trading volume for EQIX is 531,970 shares on the NASDAQ exchange, suggesting strong investor interest, likely influenced by the upcoming financial results announcement and Deutsche Bank's recent "Buy" rating [5][6]

Core Insights - Guian New Area's electricity consumption exceeded 5 billion kWh, reaching 5.016 billion kWh by December 25, 2025, marking a significant increase from 3.763 billion kWh in 2024, with a growth of over 1 billion kWh in one year [1] - The region's electricity consumption serves as an indicator of its economic and social development, reflecting the vitality of Guian New Area's high-quality growth [1] Industry Development - Guian New Area has established itself as a hub for data centers, with 26 large-scale data centers, including those from Huawei, Tencent, and Apple, achieving a total computing power of over 113 EFlops, with over 98% being intelligent computing [3] - The digital economy in Guian New Area is thriving, with the core industries' VAT invoicing amount reaching 75.2 billion yuan, a year-on-year increase of 12.28%, and the number of core industry enterprises exceeding 1,200, up by 7.03% from the previous year [3] - The new energy battery and materials sector, along with advanced equipment manufacturing, are also flourishing, with significant production capabilities demonstrated by companies like CATL and Jiangling Motors [4] Electricity Consumption Trends - The secondary industry remains the primary electricity consumer, with a year-on-year increase of 34.3% in electricity consumption, while the manufacturing sector saw a growth of 35.3% [5] - The third industry also experienced rapid growth, with a year-on-year increase of 45.2%, particularly in information transmission and software services, which saw a consumption of 20.59 billion kWh, up by 58.1% [5] Urban Development and Infrastructure - Guian New Area is enhancing its urban infrastructure, with new educational institutions and improved transportation networks, including the opening of the Guiyang Rail Transit S1 line and the establishment of a comprehensive public service system [6] - The area is witnessing a surge in commercial activities, with several well-known brands, including Luckin Coffee and others, establishing a presence, indicating strong regional development potential [8] Population Growth and Community Engagement - The population of Guian New Area is approaching 500,000, with a significant influx of young talent attracted by the region's industrial prospects and quality of life [10] - Community events and cultural activities are becoming more frequent, enhancing the area's liveliness and attracting visitors from surrounding regions [9] Power Supply and Service Enhancement - Guian Power Supply Bureau is implementing a "three full and three transformation" service model to improve electricity supply and service levels, including the construction of multiple substations to support the growing demand [11] - The bureau has also introduced a dual-ring power supply model to ensure stable electricity for data centers, addressing the challenges of power supply in the region [12]