Leopold Aschenbrenner's AI-focused hedge fund, Situational Awareness LP, saw its assets under management drop to roughly $10 billion after being forced to liquidate the bulk of its public stock portfo…
Citadel Securities paid $10 billion to acquire the public equity holdings of Situational Awareness LP, the AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, after the fu…
Eaton reported $27.4 billion in revenue for fiscal year 2025, up 10.3% year-over-year, while nVent Electric posted $3.9 billion in revenue, a 30% increase, driven by AI data center demand. The power m…
Hut 8 Corp. surged 30-35% after announcing a 15-year triple-net lease worth $9.8 billion for the first phase of its Beacon Point AI data center campus in Nueces County, Texas, covering 352 megawatts o…
Applied Digital Corporation, formerly Applied Blockchain, has crossed 1 GW of contracted critical IT load capacity across its AI data center campuses, with $11 billion in contracted lease revenue from…
Bernstein reports that clearing the 338 GW pipeline of planned data center projects now takes an estimated 12 years, up from 10 years a month ago, due to grid interconnection delays. Bitcoin miners wi…
IREN Limited, formerly Iris Energy, faces a $21 billion funding gap to fulfill $13.1 billion in AI cloud contracts with Microsoft and NVIDIA. The company plans to raise capital through convertible not…
IREN Limited, formerly Iris Energy, acquired Spanish data center developer Ingenostrum, adding 490 megawatts of grid-connected power capacity in Spain. The deal marks IREN's expansion into Europe and …