Core Insights - 3 E Network Technology Group Limited has signed a 30-year land lease agreement with the City of Mikkeli for a data center development site covering approximately 101,071 square meters [1][4][5] - This agreement marks a significant step in the company's transition from strategic planning to tangible development of its AI Data Center project [5] - The Mikkeli site was chosen for its robust power infrastructure, favorable climate for energy-efficient cooling, and strong local government support [5] Company Overview - 3 E Network is a B2B IT business solutions provider aiming to become a next-generation AI infrastructure solutions provider [7] - The company focuses on the symbiosis of AI and energy, with a business model that includes data center operation services and software development [7][8]

Core Viewpoint - Iren has experienced significant growth this year, driven by its shift towards AI infrastructure, but has recently faced a sharp decline in value, presenting a potential buying opportunity amid concerns about an AI bubble [1] Group 1: Current Market Dynamics - Recent losses for Iren and the broader AI market are influenced by unfounded rumors, particularly regarding Oracle's data center financing, which Oracle has clarified is still on track [2] - The impact of Oracle rumors has affected many AI stocks, but Iren maintains a strong financial position with a current ratio of 5.52, indicating its ability to meet current obligations [3] Group 2: Revenue Sources and Future Projections - Iren's revenue for the first quarter of fiscal year 2026 was heavily reliant on crypto mining, accounting for 97% of its $501 million revenue, making Bitcoin prices a short-term challenge [4][6] - Despite the current link between Iren's performance and Bitcoin prices, the company anticipates $3.4 billion in annual recurring revenue from AI cloud demand by the end of 2026, indicating a shift towards more sustainable revenue sources [6][7] Group 3: Industry Outlook - The demand for AI data infrastructure is expected to grow, with recent earnings reports from chipmakers indicating an acceleration in AI demand, which bodes well for Iren's future [7]

We recently published 12 Stocks on Jim Cramer’s Radar.  Meta Platforms, Inc. (NASDAQ:META) is one of the stocks on Jim Cramer's radar. As is the case with other technology giants, Meta Platforms, Inc. (NASDAQ:META) has positioned itself to be a key player in the AI race. The firm differs from players such as Google and Amazon through the fact that it does not operate a cloud computing business. Yet, while Google, Amazon, and Microsoft spend on AI data centers to bolster their cloud computing capabilities, ...

Welcome back to Market on Close. I'm Sam Bartis live from the floor of the New York Stock Exchange. It's time now for overlooked stocks.We are watching shares of Applied Digital today after a rise coming off the back of the company closing a loan facility for AI data center development. So, George Phyllis is with us, senior markets correspondent to help get us across what the details are here and uh obviously this is why we're seeing a nice 10% pop here. George, talk us through uh this report.>> Yeah. Yeah, ...

Core Insights - Token Cat Limited has entered into a master service agreement with Better Now New York Inc. to collaborate on an artificial intelligence data center project in the United States, marking a significant step in the company's overseas expansion efforts [1][4]. Project Details - The AI data center project will be based on approximately 30 megawatts (MW) of power capacity, implemented in phases. Currently, Token Cat has access to about 12 MW of available power capacity in the U.S. for initial deployment [2][3]. - Token Cat will be involved in project planning, funding arrangements, and will support data center construction and operations, while Better Now will utilize its local resources for project execution [3][5]. Strategic Importance - The collaboration is expected to enhance Token Cat's overseas infrastructure and meet the growing demand for stable computing infrastructure driven by artificial intelligence applications [4][5]. - The CEO of Token Cat emphasized the importance of this collaboration for advancing the company's infrastructure initiatives and exploring long-term growth opportunities in a disciplined manner [5].

Core Insights - Amazon and Microsoft have announced a combined investment of $52.5 billion to enhance India's AI and cloud ecosystem, underscoring India's rising significance in advanced digital technologies [1] Group 1: Amazon's Investment - Amazon plans to invest $35 billion in India by 2030 to promote AI-led digitization and expand exports, having already invested $40 billion since 2010 and an additional $26 billion in 2023 [2][3] - This new commitment solidifies Amazon's status as one of the largest foreign investors in India, with a significant portion of the investment aimed at strengthening local cloud and AI infrastructure [3] Group 2: Microsoft's Investment - Microsoft has pledged $17.5 billion to enhance India's AI capabilities and cloud infrastructure by 2030, which includes expanding hyperscale infrastructure and integrating AI into national platforms [4] - A new hyperscale cloud region in Hyderabad is expected to become operational by mid-2026, with Microsoft having previously committed $3 billion in investments in January 2025 [4] Group 3: Other Investments and Industry Trends - Alphabet (Google) announced a $15 billion investment to build a new AI-focused data center in India, marking its largest investment in the country to date [5] - India's attractiveness as a global AI and cloud investment hub has increased, with Intel collaborating with Tata Electronics on a $14 billion semiconductor manufacturing project, supported by government subsidies and private initiatives [6] Group 4: Investment Opportunities - Investors can consider India-based exchange-traded funds (ETFs) such as VanEck Digital India ETF (DGIN), iShares India 50 ETF (INDY), and Invesco India ETF (PIN) to tap into the growing investment landscape [7]

Core Insights - Shares of Applied Digital (NASDAQ: APLD) increased by 12.8% on November 24, driven by the announcement that its first 100-megawatt (MW) building at the Polaris Forge 1 campus in North Dakota is Ready for Service (RFS) [3][4] - The RFS designation signifies the transition of a construction project into a functional asset, paving the way for long-term lease revenue from high-performance computers (HPC) [4] - The energization of the North Dakota campus highlights the company's capability to execute complex AI infrastructure projects and secure multi-year leases with major AI clients, ensuring predictable future revenue streams [6] Industry Context - The AI revolution has shifted the technology supply chain, revealing a new bottleneck: the lack of specialized data centers capable of handling high power loads and dissipating heat from numerous chips [5][7] - Hyperscalers are expected to invest over $350 billion in AI infrastructure by 2025, while the nation faces a power shortfall for data centers exceeding 90 gigawatts, indicating a significant demand for AI infrastructure [8] - Applied Digital's business model positions it as a critical supplier in the AI infrastructure landscape, akin to a "picks and shovels" play during the AI gold rush [8]

Core Insights - Meta has financed a significant data-center deal off its balance sheet, indicating a strategic move to enhance its infrastructure without impacting its financial statements directly [1] Group 1 - The data-center deal represents a substantial investment aimed at expanding Meta's operational capabilities [1] - Financing off the balance sheet allows Meta to maintain liquidity and flexibility in its financial management [1] - This approach may signal Meta's confidence in its future revenue streams and growth potential [1]

Core Insights - Meta has signed a $100 million deal with Silicon Ranch to develop a 100-megawatt solar farm in South Carolina, which will power its planned $800 million AI data center expected to begin operations in 2027 [1] - This agreement marks the eighteenth collaboration between Meta and Silicon Ranch, contributing to over $2.5 billion in investments [2] - Meta has added over 2 gigawatts of solar capacity in 2023, with ongoing projects in Ohio, Kansas, and Texas [3] Investment and Development - The solar farm's equipment will primarily be manufactured in the U.S., aligning with domestic production goals [1] - The renewable energy initiatives are part of Meta's strategy to achieve net-zero carbon emissions while also addressing the need for quick deployment of energy solutions to reduce time-to-power for new data centers [4] Industry Trends - The trend among hyperscalers like Meta is to invest in renewable energy sources, particularly solar, due to their cost-effectiveness and rapid deployment capabilities [4]

Core Insights - The global AI infrastructure market is projected to exceed $200 billion in spending by 2028, with a 97% year-over-year increase in spending on compute and storage hardware for AI, reaching $47.4 billion in the first half of 2024 [3][5][20] - New Era Energy & Digital, Inc. (NASDAQ: NUAI), formerly New Era Helium, Inc. (NASDAQ: NEHC), has rebranded to reflect its strategic transformation into a vertically integrated energy supplier focused on AI infrastructure [4][5][10] - The company is developing the Texas Critical Data Centers (TCDC) project, a scalable AI and high-performance computing campus designed to meet the growing demand for compute capacity and clean energy [6][7] Company Developments - New Era Energy & Digital, Inc. aims to provide turnkey solutions for hyperscale, enterprise, and edge operators to optimize data center deployment and future-proof infrastructure investments [5][10] - The company is in discussions to maximize its natural gas and helium assets while pivoting towards AI infrastructure development [8] - A newly updated website and revised investor presentation are set to outline the company's strategic roadmap [9] Market Trends - The demand for AI infrastructure is expected to grow exponentially over the next decade, driven by increased capacity and significant sector investment [5] - Companies like Applied Digital Corporation and CoreWeave are also making headlines in the AI infrastructure space, with substantial financial growth and investments [14][15][17] - Vertiv Holdings Co. has shown strong stock performance, significantly outperforming the S&P 500, driven by robust demand for AI-driven data center infrastructure [16][19] Financial Highlights - Applied Digital Corporation reported revenues of $38 million for the fiscal fourth quarter of 2025, a 41% increase year-over-year, with a net loss of $26.6 million, down 25% from the previous year [13][18] - Vertiv reported net sales of $2,638 million for the second quarter of 2025, a 35% increase from the prior year, with a growing backlog of $8.5 billion [17][19]