Core Insights - Applied Digital (APLD) is shifting its focus towards hyperscale data center leasing, particularly for AI infrastructure, as its Cloud Services segment struggles to achieve profitability [1][4] - APLD's third-quarter fiscal 2025 revenues increased by 22% year-over-year to $52.9 million, but the Cloud business generated only $17.8 million, reflecting a sequential decline due to technical issues and a shift to on-demand capacity [1][9] - The Data Center Hosting segment is gaining traction, supported by significant financing agreements, including a $5 billion deal with Macquarie and a $375 million agreement with SMBC [2] Financial Performance - APLD's Cloud Services business incurred over $10 million in losses during the fiscal third quarter, facing competitive pressure from CoreWeave [3] - The company is exploring options to divest or spin out its Cloud Services business, which is seen as a hindrance to its leasing negotiations and potential REIT transition [3][4] - APLD's stock has increased by 20.7% year-to-date, contrasting with a 3.5% decline in the industry [8] Strategic Developments - APLD is developing its Ellendale campus with a planned 400MW critical IT load, with the first 100MW facility expected to be operational in the fourth quarter of 2025 [2] - A landmark $7 billion lease agreement with CoreWeave is expected to provide recurring revenues over 15 years, underscoring the economic potential of APLD's HPC infrastructure [2][9] - The company has a planned buildout of 1.4GW and is engaged in active lease discussions, although it faces execution risks related to high capital expenditures of $30–50 million per month [3] Valuation and Estimates - APLD trades at a forward price-to-sales ratio of 7.97X, which is above the industry average and its five-year median of 5.03X [10] - The Zacks Consensus Estimate for APLD's fiscal 2026 earnings suggests a year-over-year increase of 73.6% [11]

Group 1 - BluSky AI Inc. has acquired its first operational site in Central Utah, securing 9.3 megawatts (MW) of power for its flagship data center project [1][2] - The company entered into a definitive Acquisition and Power Assignment Agreement with Digital Asset Management, LLC, allowing it to utilize 9.3 MW of grid-interconnected power at a competitive rate [2][3] - In exchange for power rights, BluSky AI issued 20 million shares of restricted common stock to DAM, ensuring long-term energy stability for the data center project [3] Group 2 - BluSky AI executed a Ground Lease with Wild Mustang Ventures LLC for 51.6 acres of land in Central Utah, with an initial two-year term and an annual base rent of $90,000 [4] - The company now controls 9.3 MW of power capacity, positioning it to rapidly deploy its modular AI compute infrastructure [5] - The CEO of BluSky AI emphasized that securing long-term, low-cost power and strategic land is a foundational moment for scaling AI infrastructure sustainably [6] Group 3 - BluSky AI Inc. is headquartered in Salt Lake City, Utah, and focuses on delivering modular, rapidly deployable data center infrastructure designed for artificial intelligence [7] - The company aims to provide high-performance infrastructure to support machine learning workloads for various partners, from startups to enterprises [7]

Key Takeaways EMCOR's data center work surged 112% YoY, hitting $3.6B of its $11.75B total backlog in Q1 2025. Demand is fueled by hyperscale and enterprise clients adopting cloud and generative-AI technologies. EME expects continued growth through 2026, supported by strong client visibility and record backlog.EMCOR Group, Inc. (EME) is gaining solid traction in the data center space, positioning itself to benefit from long-term demand in the digital infrastructure ecosystem. The company has significantly ...

“Combined Entity to Control 4.4GW of Hyperscale-Ready Capacity Across Spain, Targeting Over $1 Billion in Valuation” FT. LAUDERDALE, Fla., June 30, 2025 (GLOBE NEWSWIRE) -- EdgeMode Inc. (OTC: EDGM), a next-generation AI data infrastructure company, today announced the signing of a Memorandum of Understanding (MOU) between EdgeMode Inc. and BlackBerry AIF (BAIF). This merger is structured to facilitate the proposed acquisition of BAIF’s assets by EdgeMode in exchange for equity and investment capital, formi ...

Investors looking tomorrow's winners should pay attention to the development of the world's technology infrastructure. Companies are going all-in on artificial intelligence (AI), and it's leading to a massive buildout of data center infrastructure.The data center construction market is expected to increase from $240 billion in 2024 to $456 billion by 2030, according to Grand View Research. Another estimate from Statista finds that the AI server market could increase roughly 10-fold to $430 billion by 2033.F ...

Core Insights - Jacobs Solutions Inc. is currently trading at a discount compared to its industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 18.97X, lower than the industry average of 24.73X and the broader Business Services sector's 22.69X [1][9] - The company's stock has gained 5% in the past month, underperforming the industry and S&P 500, which increased by 15.7% and 6.3% respectively, due to rising direct costs and unfavorable currency movements [5] - Jacobs' backlog rose 20% year-over-year to $22.16 billion, driven by strong demand in key markets, supporting its growth prospects [9][10] Valuation Comparison - Jacobs is trading below similar players such as EMCOR Group (19.75X), AECOM (20X), and Sterling Infrastructure (21.87X) [2] - The company's discounted valuation may appeal to investors looking for long-term value [19] Growth Prospects - Jacobs forecasts a 5% to 7% year-over-year increase in net revenues for the fiscal third quarter, primarily from its current backlog [11] - The company has seen steady growth in Water and Environmental services, and double-digit revenue growth in Life Sciences and Advanced Manufacturing, supported by significant contracts [12] - Jacobs is expanding its presence in the data center infrastructure market, securing key roles in emerging technology projects [14][15] Backlog and Revenue Growth - The Infrastructure & Advanced Facilities segment's backlog increased to $21.77 billion from $18.13 billion year-over-year [10] - The earnings estimate for fiscal 2025 indicates a 13.8% year-over-year growth, reflecting optimism among investors despite a downward revision trend [16] Market Challenges - Jacobs faces pressure from rising direct costs and currency fluctuations, which may impact margins in the near term [18] - The company experienced unfavorable foreign exchange impacts of $2.3 million in the first half of fiscal 2025, contrasting with favorable impacts of $59 million in the previous year [18]

EMCOR Group, Inc. (EME) seems to be incrementally benefiting from the growing infrastructural demand across the network and communications sector, mainly data centers, healthcare, water and wastewater market sectors. Its major contributing segment, the U.S. Construction segment, has been witnessing robust trends thanks to this favorable market movement.Since its first-quarter 2025 earnings release, EME stock has risen 12.2%, outperforming the broader Construction sector and the S&P 500 index, but hovering b ...

Applied Digital (APLD 10.25%) was a double-digit winner on Thursday, as its stock price popped by over 10%.That was due in no small part to the initiation of coverage of the cutting-edge data center builder's stock by an analyst, who, it turns out, is extremely bullish on its prospects. Applied's share price trajectory was all the more impressive, considering that the S&P 500 index basically closed flat across the trading session.An enthusiastic buy recommendation from a punditThe initiating party was Citiz ...

Core Viewpoint - DMG Blockchain Solutions Inc. is focusing on advancing its AI strategy while maintaining its Bitcoin mining operations, reflecting a strategic shift towards artificial intelligence and a reduction in Bitcoin holdings to manage its balance sheet [1][2][3]. Group 1: Operational Results - In April 2025, DMG mined 30 BTC, a decrease from 32 BTC in March, attributed to increased network difficulty and a shorter month [1][7]. - The company's hashrate increased to 1.93 EH/s, up from 1.82 EH/s in March, supported by the deployment of additional Bitmain S21+ Hydro miners [1][7]. - DMG has reached its target hashrate of 2.1 EH/s, although it may be slightly adjusted for operational efficiency during warmer months [1]. Group 2: Financial Strategy - DMG reduced its Bitcoin treasury from 458 BTC in March to 351 BTC in April, using the proceeds to fund the acquisition of AI data center infrastructure and to make a material paydown on its $20 million loan with Sygnum Bank [2][7]. - The acquisition involved 2 megawatts of prefabricated AI data center infrastructure, marking a significant step in DMG's strategy to shift data center capacity towards AI [2][3]. Group 3: Strategic Focus - The CEO of DMG emphasized the importance of utilizing returns from Bitcoin mining to fund AI capital expenditures, aiming to secure high-value agreements with government and enterprise users seeking AI solutions in Canada [3]. - The company is committed to creating a carbon-neutral Bitcoin ecosystem through its subsidiary, Systemic Trust Company, which facilitates sustainable Bitcoin transactions [4].

Schlumberger (SLB) Q1 2025 Earnings Call April 25, 2025 04:39 PM ET Company Participants James McDonald - Senior Vice President of Investor Relations and Industry AffairsOlivier Le Peuch - CEOStephane Biguet - Executive VP & CFOJ. David Anderson - Managing DirectorScott Gruber - Director - Oilfield Services & Equipment ResearchNeil Mehta - Head of Americas Natural Resources Equity ResearchStephen Gengaro - Managing DirectorKeith Mackey - Director - Global Equity Research, Oil & Gas Services Conference Call ...