May 29, 2025 United States
Snow Lake Energy, a uranium development firm, and US-based nuclear engineering company Exodys Energy have launched a joint venture to develop a small modular reactor (SMR) for the US data center market. This venture will use an SMR design based on pressurized water reactor (PWR) technology and...
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May 27, 2025 United States
Cryptomining firm Hyper Bit Technologies this week announced it has signed a non-binding agreement to purchase Dogecoin Mining Technologies in a structured deal that will include an 11MW data center hosting facility based in Canada, along with a minimum of 2,000 ElphaPex DG2 mining rigs.“We view...
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May 26, 2025 United States
Gigawatt Scale Data Center Cluster to be developed Outside Paris French national investment bank Bpifrance, UAE investment fund MGX, French AI firm Mistral AI, and Nvidia have formed a joint venture to establish Europe’s first purpose-built intelligence hub; supporting the full AI lifecycle from...
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May 19, 2025 United States
Blue Owl Closes $7 billion Digital Infrastructure Fund Blue Owl Capital Inc. has successfully closed its latest digital infrastructure fund focused on data center development and acquisition with $7 billion of total capital commitments, exceeding the original target of $4 billion.FivePoint...
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January 29, 2025 United States
DeepSeek's announcement of a new large language model achieving state-of-the-art performance at significantly reduced computational costs sent shockwaves through the AI infrastructure market, triggering a $1.2 trillion market decline and a 15% drop in Nvidia's stock value. The market's reaction...
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January 27, 2025 United States
US energy generator NextEra Energy has partnered with energy equipment manufacturer GE Vernova to develop gas-fired generation to meet the energy demands of data centers and will be taking further steps to restart the idled Duane Arnold Energy Center, a nuclear power plant in Iowa.NextEra CEO...
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January 18, 2025 United States
Small modular reactor and nuclear recycling firm Oklo has signed a Memorandum of Understanding (MoU) with RPower, a provider of onsite prime and backup power solutions, to deploy a phased power model that combines natural gas and nuclear power for the data center sector. The model will combine...
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January 17, 2025 United States
Cottonwood Group closed $56 million in financing for three data center developments in Arizona, Ohio, and Virginia. Based in California, Cottonwood is a private equity real estate investment firm headed up by CEO Alexander Shing.“The timing for these investments was ideal, given the sector’s...
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January 17, 2025 United States
The Department of Energy (DOE) has released details about an incoming supercomputer dubbed ATS-5. This system will replace the 30 petaflops ATS-3 Crossroads machine which the DOE said is “nearing the end of its useful lifetime.” While no information about the compute power of the ATS-5 has been...
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January 16, 2025 United States
PowerSecure, the distributed energy solution subsidiary of US utility Southern Company, has partnered with Edged Energy to supply critical electrical and mechanical systems for Edged data center operations in the US, coinciding with the opening of the Edged Atlanta Campus in Atlanta, Georgia,...
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January 14, 2025 United States
Satellite operator Ligado Networks has sued its contract partner Inmarsat shortly after filing for Chapter 11 bankruptcy. In its lawsuit, Ligado claims Inmarsat failed to make the required upgrades to its satellite network while still demanding payments from Ligado, at a time when Ligado has been...
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January 14, 2025 United States
Outgoing US President Joe Biden has signed an executive order to open up federal lands for data center development. This will make government-owned land available to developers for lease and require agencies to make efforts to improve transmission infrastructure to those developments.“Today,...
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January 13, 2025 United States
US energy giant Constellation Energy has agreed to acquire Calpine Corporation, an independent power producer, for $26.6 billion, including debt considerations in a transaction that includes 50 million shares of Constellation stock, $4.5 billion in cash, and the assumption of about $12.7 billion...
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January 09, 2025 United States
Deep Fission, a small modular nuclear reactor (SMR) developer, has partnered with Endeavour Energy, a US sustainable infrastructure developer, to develop and deploy its technology at scale. They have committed to co-developing 2GW of nuclear energy to supply Endeavour's global portfolio of data...
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January 07, 2025 United States
Sir Nick Clegg has stepped down as Meta’s president of global affairs, announcing his departure on a post on Meta’s Facebook platform after almost seven years.In a post confirming his departure, Clegg said it was “the right time for me to move on.” "My time at the company coincided with a...
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January 04, 2025 United States
US data center developer and crypto firm Bit Digital has acquired the site for a build-to-suit 5MW data center expansion project in Montreal, Canada.The company initially used cash on hand to fund the acquisition and is working to obtain mortgage financing to cover the site's acquisition and...
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December 31, 2024 United States
TPG is in advanced talks to buy Crown Castle's fiber assets in a deal worth an estimated $8 billion. US tower operator Crown Castle has been looking to sell its fiber assets for some time, notably revealing in April that it had held talks with multiple parties over a sale.The company launched a...
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December 27, 2024 United States
Elon Musk's generative AI startup xAI has raised $6 billion in a Series C funding round from investors including A16Z, Blackrock, Fidelity Management & Research Company, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners and Vy Capital, amongst...
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December 24, 2024 United States
The US Senate has voted in favor of a bill that looks set to provide an additional $3 billion to telecom companies in funding for the rip and replace program. This was included as part of the $895 billion National Defense Authorization Act (NDAA) that was passed by the US Senate on December 18....
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December 23, 2024 United States
Qualcomm is claiming victory in its court battle with chip design giant Arm after a jury in the US found that its processor designs are properly licensed, despite the case ended in a mistrial, leaving the door open for Arm to return with a fresh action.After a week-long federal court trial held...
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