AI data center

Bitcoin miner Bitdeer shares jumped following the disclosure of a $4.7 billion AI data center lease agreement with Volta in Norway.

ON Semiconductor reported higher profit and revenue, exceeding analyst estimates, and anticipates its AI data center business will more than double by 2026 due to increased demand.

The Trump administration plans to convert a former uranium enrichment facility in western Kentucky into a $100 billion AI data center.

The U.S. Department of Energy is converting the Paducah Gaseous Diffusion Plant in Kentucky into a $100 billion AI data center and gas power complex, funded by Brookfield Asset Management. The project includes 2 gigawatts of natural gas generation, 2.6 gigawatts of battery storage, and collaboration with NextEra Energy.

Texas has approved an AI data center to co-locate next to a wind farm, with conditions requiring rapid curtailment during grid emergencies and limiting participation in demand response programs. The final order may serve as a template for other large behind-the-meter loads.

Hyperscale Data sold 100 bitcoin and opened a credit facility to fund its Michigan AI data center campus build.

Galaxy Digital has purchased 500 acres in McGregor, Texas, for its second AI data center campus. The project is expected to contribute a minimum of $130 million to McGregor's local tax base.

Meta and BlackRock are forming a $14 billion joint venture to construct an AI data center in Texas. BlackRock-managed funds will hold 80% ownership, while Meta retains 20% and leases the entire campus.

A four-hour town meeting in Upper Merion Township, Pennsylvania, became contentious as residents opposed a large-scale AI data center proposal by Brian O'Neill's MLV Ventures. The project, which would occupy 4.5 million square feet and require 500-900 megawatts of electricity, faced criticism over environmental concerns and perceived lack of transparency, with public comments filled with disruptions and unified community opposition.

BlackRock is raising $12 billion in bonds to finance Meta's Texas AI data center. JPMorgan Chase and Morgan Stanley are arranging the debt sale for a 1-gigawatt campus in El Paso, which BlackRock's infrastructure and private-credit units own 80% of.

Big Tech's upcoming earnings season focuses on AI data center spending rather than profit or revenue. Companies like Google, Amazon, Microsoft, and Meta plan over $700 billion in 2024 capex, but rising costs for memory chips, construction, and power are reducing the value of each dollar, creating a self-perpetuating cost spiral.

Palm Beach County rejected a proposed AI data center called 'Project Tango' near President Donald Trump's Mar-a-Lago property due to resident concerns over infrastructure strain and community impact. The 5-1 vote followed a public hearing with strong opposition, including worries about water use, electricity demand, noise, and proximity to a school.

Benchmark raised Hut 8's target to $165, citing $16.8 billion in AI data center contracts and Beacon Point commercialization.

Project Tango, a hyperscale AI data center near the eastern edge of the Everglades, is set for a decisive vote. The facility, located 1,250 feet from an elementary school, has not been reviewed by any water agency, leaving its water demand, source, and impact on nearby wells unexamined.

Meta is expanding its Louisiana AI data center, Hyperion, to 5 gigawatts of compute capacity at a cost exceeding $50 billion. The project includes $50,000 year-end bonuses for Richland Parish teachers, infrastructure investments, and over $1.6 billion in contracts for local businesses.

Nasdaq-listed Bitcoin treasury firm Empery Digital sold 1,400 Bitcoin (nearly half its holdings) for $87 million to fund an AI data center deal, legal expenses, and other costs since May.

Meta will invest over $9.1 billion to build its first AI data center in Sturgeon County, Alberta, Canada. The facility will be powered by a natural gas-fired plant developed by a consortium including Pembina Pipeline Ltd., with operations expected to begin in 2030. The project includes a closed-loop cooling system and $42 million in local infrastructure investments.

Anthropic signed a 20-year lease with Terawulf for a new AI data center in Hawesville, Kentucky, expected to generate $19 billion in revenue. The facility will support 400 megawatts of power capacity, with full operations anticipated by early 2028.

An AI data center developer in California's Imperial Valley is suing for access to Colorado River water, arguing it would use water from fallowed farmland for cooling. The lawsuit challenges traditional agricultural water use, raising questions about redirecting water to tech industries amid drought and scarcity.

Chevron is supplying natural gas to a Microsoft AI data center through Project Kilby, a 2.67-gigawatt plant in Texas. The project is among the largest co-located power and data center developments in the U.S.

Two Texas mayors, Jim Jaska of Ross and Charles Wilson of Lacy Lakeview, are divided over a $10 billion AI data center project near Ross. The project, which could generate $50 million annually in taxes for Lacy Lakeview but not Ross, highlights tensions between rural and suburban communities over AI infrastructure development in Texas.

IREN has acquired Spanish AI data center developer Nostrum, marking its entry into Europe. The company now has AI infrastructure projects across multiple continents, expanding beyond bitcoin mining.

Rural Louisiana teachers will receive bonuses of up to $50,935 this year, a significant increase from last year’s $10,200 maximum, attributed to Meta’s AI data center.

Meta is leasing its first AI data center in India from Reliance Industries. Reliance will construct a 168-megawatt facility in Jamnagar, Gujarat, to be delivered within two years, with an option to expand.

Meta has signed its first AI data center deal in India with Reliance. The 168-megawatt facility will support Meta's global AI computing needs and can be expanded over time.

An East Texas county judge is urging state lawmakers to assist locals in addressing the spread of data centers. A grassroots movement in Angelina County protested a proposed AI data center in Lufkin on June 9, 2026.

Bitcoin miner Hive mined nearly 2,900 Bitcoin last year and is expanding into AI by building what it claims is Canada's largest private AI data center.

Fluence Energy Inc.'s shares have risen following a design for an Nvidia AI data center factory. The company is a joint venture between Siemens and AES.

Kevin O’Leary, a millionaire investor, dismissed opposition to his AI data center project in Utah as 'misinformation' and 'lies,' accusing China of orchestrating a smear campaign against his Stratos project.

TeraWulf has acquired a Kentucky AI data center site with a planned 1 GW capacity, marking its expansion into AI and high-performance computing (HPC) through a multi-phase project extending to 2030. The company's shares surged following the announcement.