Core Insights - TeraWulf has entered a long-term joint venture with Fluidstack to develop a high-performance computing (HPC) platform, representing approximately $9.5 billion in contracted revenue over 25 years [1][3][12] - The joint venture will focus on delivering 168 MW of critical IT load at the Abernathy, Texas campus, with an expected completion in the second half of 2026 [2][3] - TeraWulf will maintain a 51% majority stake in the joint venture and has secured the exclusive right to partner on future Fluidstack-led projects [4][12] Financial and Operational Highlights - The hosting commitment of 25 years is projected to generate around $9.5 billion in revenue for the joint venture [3][12] - Google is backing approximately $1.3 billion of Fluidstack's long-term lease obligations, enhancing the credit quality for project debt [6][12] - The total project cost is estimated to be between $8 million and $10 million per MW of critical IT load [12] Growth Strategy - TeraWulf's contracted HPC platform now exceeds 510 MW of critical IT load, with a growth strategy targeting an additional 250 MW to 500 MW of contracted capacity annually [5][12] - The joint venture has the right to develop future phases at the Abernathy campus, leveraging existing infrastructure for additional capacity [3][12] Leadership Commentary - TeraWulf's CEO emphasized the importance of execution and the strategic alignment with Fluidstack and Google, highlighting the evolution of their infrastructure model [7] - Fluidstack's leadership expressed confidence in TeraWulf's operational discipline and energy expertise, which are crucial for supporting next-generation GPU clusters [7]

Core Insights - Hyperscale Data, Inc. has reported a significant increase in its Bitcoin holdings, growing approximately 30% from the previous week, with a total Bitcoin treasury valued at around $68.8 million as of October 26, 2025, representing about 50% of the company's market capitalization [1][2][4] Group 1: Bitcoin Holdings and Strategy - The company's subsidiary, Sentinum, holds approximately 194.5513 Bitcoin, with a market value of about $22.3 million based on the Bitcoin price of $114,472 on October 26, 2025 [2] - Hyperscale Data has allocated $46.5 million in cash for Sentinum to invest in open-market Bitcoin purchases, employing a disciplined dollar-cost averaging strategy to mitigate short-term market volatility [3][4] - The company acquired approximately $4.6 million of Bitcoin in the past week, capitalizing on recent price pullbacks to improve its long-term average cost of Bitcoin [4] Group 2: Mining Operations and Future Plans - Hyperscale Data has announced the purchase of over 2,000 new Bitmain S21+ Bitcoin miners, indicating a substantial investment in its Bitcoin mining operations to support its goal of accumulating $100 million in Bitcoin [4] - The company plans to continue issuing weekly reports detailing its Bitcoin holdings as it progresses towards its $100 million digital asset treasury target [5] Group 3: Company Structure and Divestiture - Hyperscale Data operates through its wholly owned subsidiary Sentinum, which mines digital assets and provides colocation and hosting services [7] - The company anticipates a divestiture of Ault Capital Group, Inc. in the second quarter of 2026, which will allow it to focus on high-performance computing services and digital asset holdings [8]

Group 1: Inflation and Federal Reserve Impact - The September Consumer Price Index (CPI) increased at a lower rate than expected, but year-over-year prices jumped at the fastest rate since January [1] - Federal Reserve Chair Jerome Powell and the Federal Open Markets Committee (FOMC) are likely to focus on positive aspects during their upcoming meeting, potentially leading to further rate cuts [1] Group 2: Stock Market and Investment Opportunities - The stock market is expected to rally if Powell announces another rate cut, with three stocks identified as potential big winners [2] - Digital Realty Trust is highlighted as a strong REIT that benefits from lower interest rates due to its business model of borrowing to acquire and develop properties [4][9] Group 3: Digital Realty Trust Specifics - Digital Realty Trust operates over 300 data center facilities in more than 25 countries, with demand driven by the rise of artificial intelligence (AI) systems [5] - Challenges faced by Digital Realty Trust include limited electrical power availability, permitting obstacles, and infrastructure issues, as noted by CEO Andy Power [6] - The company's debt stood at $18.2 billion as of September 30, 2025, with interest expenses amounting to $113.6 million in Q3, representing about 7% of total operating revenue [7] Group 4: D.R. Horton Overview - D.R. Horton could benefit from lower mortgage rates resulting from potential Fed rate cuts, which would encourage more home construction [10]

Core Insights - DMG Blockchain Solutions Inc. has signed a second Memorandum of Understanding (MOU) with Malahat Nation's Economic Development Corporation to establish the Malahat-DMG Utility Limited Partnership, which aims to create a regulated utility for providing electricity and natural gas to clean technology and digital infrastructure projects on Malahat lands [1][2][3] Partnership Development - The new MOU builds on a previous agreement from 2024, which outlined plans to develop 30 megawatts of AI data centers, marking the first Indigenous-led AI data centers in Canada [2] - The partnership will involve joint development and operation of energy infrastructure, including substation upgrades and utility interconnections, to ensure stable and sustainable power for AI computing and renewable energy projects [3] Economic and Cultural Impact - The collaboration aims to empower Indigenous energy sovereignty, combining Malahat Nation's economic development leadership with DMG's expertise in power infrastructure and data center design [4] - The initiative is expected to create long-term job opportunities, training programs, and cultural investments for Malahat members, fostering a new era of Indigenous-owned clean energy systems [4][5] Leadership Statements - Malahat Nation's Chief emphasized that the partnership is about sovereignty and aligning growth with environmental values [5] - DMG's CEO expressed honor in collaborating with Malahat Nation to create a Canadian Indigenous-led regulated utility, highlighting the integration of clean energy generation and digital infrastructure [5] Stock Options and RSUs - DMG has granted stock options and restricted stock units (RSUs) to employees and directors, totaling 188,170 stock options and 1,250,000 RSUs, aimed at aligning long-term performance with the company's growth [6]

Core Insights - Hyperscale Data, Inc. shares surged 33% in after-hours trading due to optimism about launching Nvidia's GPU cloud platform [1][2] - The company operates data centers for Bitcoin mining and AI ecosystems, planning to launch the on-demand NVIDIA GPU cloud platform from its Michigan campus [2][3] Company Developments - The service will provide instant access to high-end NVIDIA GPUs, including the H100, B200, and B300, designed for high-performance computing [3] - Hyperscale received Bitmain S21+ mining units and placed a new order for an additional 1,000 units, which are noted for their energy efficiency and superior hashrate performance [4] Stock Performance - Hyperscale shares closed 24.48% higher at $0.4979 during regular trading and jumped 33% in after-hours trading, despite a year-to-date decline of 90% [5] - The company's growth ranking is noted as the strongest category at 18.33/100 according to Benzinga's proprietary Edge Rankings [5]

Market Overview - Major U.S. indexes closed higher, with the Dow Jones Industrial Average rising 0.7% to 47,544.59, the S&P 500 climbing 1.23% to 6,875.16, and the Nasdaq advancing nearly 1.9% to 23,637.45 [1] Amazon - Amazon announced plans to cut up to 30,000 corporate jobs, marking the largest layoff in its history, aimed at streamlining operations after a hiring surge during the pandemic [2] - Amazon's stock rose by 1.23% to close at $226.97, reaching an intraday high of $228.40 and a low of $225.54, with a 52-week range between $161.43 and $242.52 [1] SoFi Technologies Inc. - SoFi's shares surged 3.41% to close at $30, hitting a high of $30.20 and a low of $29.27, trading near its 52-week high of $30.30, with a low of $8.62 [3] - SoFi is set to release its third-quarter earnings on Tuesday after market close, with expectations of $0.08 per share on $689 million in revenue [3] Hyperscale Data Inc. - Hyperscale Data's stock soared 24.48% to $0.50, with an intraday high of $0.50 and a low of $0.40, and in after-hours trading, the stock shot up 33.7% to $0.67 [4] - The company announced the upgrade of its Bitcoin mining fleet with 1,000 new Bitmain Antminer S21+ units, enhancing its Michigan data center capabilities [5] Celestica Inc. - Celestica's shares increased by 1.75% to $301.82, with a high of $314.29 and a low of $301.69, and in after-hours trading, the stock rose 10% to $332 [6] - Celestica reported strong third-quarter earnings, beating expectations with $1.58 per share and raising its fiscal 2025 outlook, with quarterly revenue at $3.19 billion, exceeding the Street estimate of $3.01 billion [6] Qualcomm Technologies Inc. - Qualcomm's stock jumped 11.09% to close at $187.68, reaching a high of $205.95 and a low of $168.82, with a 52-week range of $120.80 to $205.95 [7] - The company unveiled its new AI chips, the AI200 and AI250, designed for data centers, enhancing its position in the AI technology market [7]

As filed with the Securities and Exchange Commission on October 27, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SOLUNA HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Nevada 7374 14-1462255 (I.R.S. Employer Identification Number) 325 Washington Avenu ...

As filed with the Securities and Exchange Commission on October 27, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SOLUNA HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Nevada 7374 14-1462255 (I.R.S. Employer Identification Number) 325 Washington Avenu ...

Group 1: European AI Infrastructure Investment - Nvidia (NVDA) and Deutsche Telekom (DTE) are investing €1 billion in a new data center in Munich, Germany, aimed at enhancing Europe's AI infrastructure [2][7] - The project will deploy approximately 10,000 GPUs, reflecting Europe's efforts to close the AI infrastructure gap with the United States [2][7] - SAP SE (SAP) is expected to be a primary customer of the new facility, indicating a rising demand for advanced AI computing power across various industries [2][7] Group 2: SAP's Acquisition Attempt - SAP SE (SAP) made a takeover offer for BlackLine Inc. (BL) earlier this year, valuing the company in the high $60s per share, but the offer was rejected [3][7] - The proposed acquisition indicates SAP's strategic interest in expanding its portfolio of CFO-focused software solutions [3][7] - BlackLine's stock reacted positively to the news of the takeover interest, despite the rejection [3][7] Group 3: Oil Market Dynamics - Oil prices have stabilized near $61, with market focus shifting from U.S.-China trade talks to the implications of recent U.S. sanctions on Russian oil producers [4][7] - The International Energy Agency (IEA) projects that oil prices will likely moderate in the coming weeks due to an anticipated surplus in global oil supply [4][7] - Sanctions on major Russian oil producers, Rosneft and Lukoil, have influenced market dynamics, although profit-taking and oversupply concerns have limited price gains [4][7] Group 4: Russia and Venezuela Strategic Partnership - Russia and Venezuela have established a strategic partnership to enhance cooperation in energy, mining, transport, and security sectors [5][7] - The agreement emphasizes mutual opposition to external pressures and aims to ensure international stability [5][7]

Core Insights - Meta has secured a $27 billion financing partnership with Blue Owl Capital for its $10 billion Hyperion data center project in Richland Parish [1][2] - Blue Owl will hold the majority stake while Meta retains approximately 20% equity in the project [1] - The Hyperion project aims to deliver over 2 gigawatts of computing capacity to support AI systems like ChatGPT and Google Gemini [1] Financial Implications - This deal represents Meta's largest private-capital arrangement to date, highlighting the competitive landscape among tech giants to enhance AI infrastructure [2] - Industry-wide spending on AI infrastructure is projected to reach $400 billion this year [2] - Blue Owl's investment of roughly $7 billion in cash provides Meta with a $3 billion payout, allowing for expansion without significant debt exposure [1][2] Employment and Economic Impact - Once operational, the Hyperion project is expected to create over 500 jobs [2] - Analysts suggest that this strategic move helps Meta hedge against potential risks associated with an "AI bubble" [2]