Data Centers
Crypto Miner Bitdeer Surges 30% as Company Pushes Deeper Into AI and Data Center Expansion
The firm said it sees a "sustained imbalance" between demand and supply of AI computing power, and projected to generate up to $2 billion annually from AI operations.
Bitcoin Miners Lead Crypto Stock Bounce as OpenAI-Broadcom Deal Fuels AI Trade
Bitfarms, Cipher Mining and Bitdeer posted double-digit gains on Monday as miners keep benefitting from artificial intelligence's surging demand for computing power.
Galaxy Gets $460M Investment by 'Large Asset Manager' for Its HPC Push
The unnamed investor bought nearly 13 million shares from the company and some executives. The firm intends to use the proceeds to boost its Helios data center project.
IREN Declines 6% on $875M Convertible Note Offering
The hot-handed bitcoin miner turned high-performance computing play could raise as much as $1 billion in the note sale.
Crypto Miner TeraWulf to Raise $3B in Google-Backed Debt Deal to Expand Data Centers
Google already owns 14% of TeraWulf and is supporting other crypto firms like Cipher Mining in their AI expansions.
Nvidia to Invest $5B in Intel and Develop Data Centers, PCs; AI Tokens Climb
Nvidia will invest $5 billion through purchases of Intel stock for $23.28 per share.
Galaxy Secures $1.4B to Expand Helios Data Center for AI and HPC
The firm, led by Mike Novogratz, projected its deal with AI cloud firm CoreWeave could generate $1 billion in annual revenue over 15 years.
Bitcoin Miner MARA Steps Into HPC With Majority Stake in EDF Subsidiary: H.C. Wainwright
The broker has an outperform rating on MARA stock with a $28 price target.
Galaxy Positioned to Capture Favorable Regulatory Upside, Jefferies Says as It Initiates With Buy
Jefferies assigned Galaxy (GLXY) a buy rating and a $35 price target
Asia Morning Briefing: Are Distributed Compute Tokens Undervalued Vs CoreWeave?
Unlike GameFi’s inflated hype, Distributed Compute Tokens offer real utility serving AI, storage and GPU markets but remain modestly valued despite rising global demand.
