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Equinix Stock Up 1.7% After Key Trading Signal
Benzinga· 2025-07-02 11:42
Core Insights - Equinix Inc. (EQIX) experienced a significant trading signal known as Power Inflow at a price of $786.99, indicating a potential uptrend and a possible entry point for traders [1][5]. Group 1: Power Inflow and Market Trends - The Power Inflow is a crucial indicator for traders, reflecting institutional activity and suggesting a bullish trend for the stock throughout the trading day [3][5]. - The price movements following the Power Inflow showed returns of 1.7% on the high price of $800.16 and 1.1% on the close price of $795.38, emphasizing the importance of a trading plan [6]. Group 2: Order Flow Analytics - Order flow analytics involves analyzing the volume rate of buy and sell orders to gain insights into market conditions, which is particularly valuable for active traders [2][4]. - By utilizing order flow analytics, market participants can identify trading opportunities and potentially enhance their trading performance [4].
Hyperscale Data Subsidiary Sentinum is Resuming Bitcoin Mining at Montana Facility
Globenewswire· 2025-07-02 10:30
Core Viewpoint - Hyperscale Data, Inc. has resumed Bitcoin mining operations at its Montana facility, aiming to enhance profitability and utilize underutilized power resources [1][2][3] Group 1: Company Operations - Sentinum, a wholly owned subsidiary of Hyperscale Data, has reenergized approximately 10 megawatts of power and is currently operating around 50 S19j Pro Antminers, with plans to increase this number to approximately 2,600 within a week and reach full capacity of about 3,200 Antminers by the end of July 2025 [1][2] - The resumption of operations is part of a strategic plan to improve profitability and capitalize on the recent appreciation in Bitcoin prices [2][3] Group 2: Market Context - The appreciation of Bitcoin has slightly outpaced the increase in mining difficulty, which is expected to benefit Sentinum's operational flexibility and top-line revenues [3] - The company is positioned to leverage the current market conditions to enhance its revenue streams through its Bitcoin mining operations [3] Group 3: Future Plans - Hyperscale Data plans to divest its subsidiary Ault Capital Group, Inc. by December 31, 2025, focusing solely on data center operations and high-performance computing services [5] - The divestiture will allow the company to concentrate on its core business while potentially continuing operations in the digital asset space [5]
X @TechCrunch
TechCrunch· 2025-07-01 19:58
Google’s data center energy use doubled in four years | TechCrunch https://t.co/cABQJUx3sF ...
Equinix Clobbered On Analyst Day
Seeking Alpha· 2025-07-01 15:43
Core Viewpoint - The article discusses the significant stock price drop of Equinix following its analyst day event, despite a generally positive outlook for the company and its growth prospects in the data center market driven by AI and cloud services [1][3][26]. Company Overview - Equinix is the leading global data center REIT with extensive ownership in major internet hubs worldwide, leveraging its scale to provide unique cross-connection and access services [3][4]. - The company has historically seen revenue and share price growth in tandem, indicating strong market performance [3]. Stock Performance - Following the analyst day event, Equinix's stock price fell from over $900 to just above $700, representing a nearly 18% decline in a short period [2][26]. - The stock has since rebounded slightly to around $786, reflecting lower trading multiples compared to previous weeks [30]. Growth and Market Potential - Equinix anticipates a $250 billion total addressable market driven by AI and ongoing cloud and networking business [9]. - The company projects a 5%-9% annual growth in AFFO per share through 2029, with potential acceleration towards the higher end after 2026 [25][23]. Interconnection Ecosystem - Equinix's interconnection ecosystem is a key differentiator, contributing to revenue growth and customer retention, making it difficult for clients to switch providers [14][15]. - Interconnections are expected to grow at an 11% CAGR, highlighting the importance of this aspect in the company's strategy [11]. Financial Metrics - Equinix is targeting a 26% IRR for its upcoming DC17 project, supported by a low cost of capital of 3.4% [19][21]. - The company maintains a strong balance sheet with a BBB investment-grade rating, allowing for favorable debt raising opportunities [23]. Churn and Market Reaction - The market reacted negatively to discussions of elevated churn rates, which Equinix's CFO attributed to macroeconomic conditions and customer bankruptcies [26][28]. - The CEO clarified that some churn is intentional, aimed at optimizing revenue by replacing lower-paying customers with higher-paying ones, indicating a strategic approach rather than a sign of weak demand [38][39]. Conclusion - The stock's decline post-analyst day may have been an overreaction to concerns about churn and growth forecasts, which, upon deeper analysis, appear more favorable [42].
The Hidden Cost of AI, Explained With Steaks and a Data Center Visit | WSJ
The Wall Street Journal· 2025-07-01 14:01
- I'm gonna see the GPU guys. This is it. Welcome to an AI data center where you can hear.This is extremely loud right now. And feel. This can blow dry my hair.The power. The AI's in there. By 2028, data centers like this across the country could use 12% of all US electricity, enough to power more than 55 million homes for a year.And yes, you are increasing that energy. Every time you hit enter on an AI prompt, it's routed through places like this. - You know, we need to do the AI.And we need more than doub ...
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
This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated May 30, 2025 to its short form base shelf prospectus dated May 15, 2025 MIAMI, July 01, 2025 (GLOBE NEWSWIRE) -- Digi Power X Inc. (“Digi Power X” or the “Company”) (Nasdaq: DGXX / TSXV: DGX), an innovative energy infrastructure company that develops data centers, is pleased to provide unaudited comparative Bitcoin (“BTC”) production results for the quarter and month ended June 30, 2025, c ...
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]