Wall Street closed higher on Monday, with the Nasdaq rising 1.2%, the S&P 500 gaining 1%, and the Dow Jones adding 0.3%, driven by semiconductor stocks as investors flocked to AI-related shares ahead …
TeraWulf announced a 20-year lease with Anthropic to build a purpose-built AI data center in Hawesville, Kentucky, expected to generate $19 billion in revenue. The facility, located on a former indust…
TeraWulf signed a 20-year lease with Anthropic for a 401 MW AI data center campus in Kentucky, expected to generate ~$19 billion in revenue, and sold its stake in a Texas joint venture. Bitcoin mining…
Digital Realty paid $27 million per megawatt for three leased AI data centers, setting a new valuation benchmark for stabilized AI infrastructure. The price dwarfs typical lease valuations of $400,000…
Google is using Nvidia's own tactics—financial guarantees and circular financing—to challenge Nvidia's dominance in AI chips. The Wall Street Journal reports Google has provided a $3.2bn guarantee for…
Goldman Sachs initiated coverage of Talen Energy with a Buy rating and $499 price target, citing nuclear power demand from AI and data centers. The stock trades near $406, implying 23% upside, with 14…
Bank of America Securities initiated coverage on TeraWulf with a Buy rating and a $34 price target, citing the company's successful pivot from Bitcoin mining to AI data center operations. TeraWulf rep…
Bernstein initiated coverage of TeraWulf and Cipher Mining with Outperform ratings and price targets of $36 and $32, respectively, citing the companies' transition from Bitcoin miners to "power landlo…
New York's 26-year-old sales tax exemption for internet data centers, originally estimated to cost the state $9 million annually during the dial-up era, is now allowing AI giants to avoid hundreds of …
Jefferies initiated a Buy rating on TeraWulf (WULF), citing the company's expansion into AI data center operations as a key growth driver. The investment bank's positive outlook reflects expectations …
TeraWulf is converting its Lake Mariner Bitcoin mining site near Buffalo, New York into a 750-megawatt AI and HPC datacenter campus, with construction underway on a 200-megawatt, 330,000-square-foot f…
TeraWulf shares rose after the company acquired a 1-gigawatt hyperscale data center site in eastern Kentucky, called the Muskie Data Campus. The 285-acre site is engineered to support over 1 gigawatt …