Galaxy Digital has acquired 500 acres in McGregor, Texas, to develop an AI and high-performance computing campus with a 74 MW first phase, representing more than $400 million in planned investment. Th…
Meta and BlackRock are partnering on a $14 billion data center campus in El Paso, Texas, with BlackRock's managed funds taking an 80% ownership stake and Meta retaining 20%. The 1-gigawatt facility, e…
Galaxy Digital has acquired nearly 500 acres in McGregor, Texas, for a new data center campus focused on AI and high-performance computing, with an investment of over $400 million. The project, called…
Texas Governor Greg Abbott announced July 26 that the Public Utility Commission of Texas and the Electric Reliability Council of Texas have enacted rules requiring data centers to fully fund electric …
Texas regulators are tightening rules for AI data centers after Gov. Greg Abbott ordered the Public Utility Commission of Texas (PUCT) to make developers pay more of their grid connection costs and pr…
Energy Vault has broken ground on an AI infrastructure campus in Snyder, Texas, deploying Crusoe Spark modular data centers with an initial capacity of up to 25 MW of IT load. The NYSE-listed energy s…
BloombergNEF has raised its forecast for US data center power capacity in 2035 to 194 gigawatts, up 83% from its December 2025 projection of 106 GW, driven by planned AI infrastructure. Nearly half of…
Data centers are expected to consume one-fifth of U.S. electricity by 2035, quadrupling current usage, according to a BloombergNEF report. The surge in AI compute will drive data center capacity to ne…
BloombergNEF projects US data centers will consume roughly 20% of the nation's electricity by 2035, up from about 5.9% today, driven by AI and crypto mining demand. The forecast pegs US data center po…
BlackRock is preparing to sell more than $12 billion in bonds to finance a data center campus in El Paso, Texas, in one of the largest single debt deals tied to AI infrastructure this year. The bond s…
NASA's Office of Inspector General concluded the agency likely avoided billions of dollars in additional spending by terminating or repurposing four Artemis campaign systems, a finding that parallels …
MARA Holdings, the Nasdaq-listed bitcoin miner, agreed to pay up to $600 million for a 1,200-acre power site in Matagorda County, Texas, to develop a high-performance computing campus for AI and bitco…
Texas faces an unprecedented data center boom, with ERCOT receiving 519 requests to connect large electricity users in the last two years—compared to 24 the year before—totaling an estimated 438,595 m…
Galaxy Digital CEO Mike Novogratz is converting a former Bitcoin mining campus in Texas into a $15 billion AI data center complex, signing a 15-year lease with CoreWeave for 800 MW of capacity. The pr…
The US Energy Information Administration nearly tripled its forecast for new natural gas-fired power plant capacity to 66 GW by 2030, driven by surging electricity demand from AI data centers. The rev…
Two Harvard dropouts raised $800 million to build AI data centers that consume vast amounts of energy and water, with a single GPT-4 training run using 50 gigawatt-hours of electricity and large infer…
Hitachi Energy broke ground on a $457 million expansion of its South Boston, Virginia, campus to build the largest power transformer factory in the US, creating 825 jobs. The facility will produce lar…
Utah State Senate President J. Stuart Adams lost his primary election after backing a data center project opposed by 60% of voters, signaling growing bipartisan backlash against AI data centers drivin…
Texas faces a looming infrastructure crisis as data center demand surges, with ERCOT receiving grid-connection requests totaling 439 gigawatts—five times the state's peak demand. Analysts warn that wa…
A Duke University study finds Bitcoin mining could support up to 76 GW of new electricity demand while stabilizing the grid as AI data centers consume ever more power. Bitcoin miners can shut down wit…