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Data Centers

All articles tagged with #data centers

Data centers strain grids as states race to hit clean-energy targets
energy23 hours ago

Data centers strain grids as states race to hit clean-energy targets

Nevada’s largest utility warns that proposed data centers could triple Las Vegas’s electricity load and likely require fossil-fuel generation, threatening the state’s goal of 50% renewable power by 2030. The expansion is part of a broader national trend where data-center demand challenges utilities’ ability to sustain long-term decarbonization, with North Carolina revising plans to keep coal and add gas plants and NextEra Energy dropping a zero-emissions target due to power demand. Some centers, like Las Vegas Switch, operate on their own renewable setups, but many rely on gas-fired generation or diesel backups, fueling regulatory and legislative debate over mandatory clean-energy funding and load responsibility for data centers. Regulators plan a forthcoming report to outline how to balance growth with climate goals.

Applied Digital Expands AI Data-Center Buildout as Q3 Revenue Climbs
business1 day ago

Applied Digital Expands AI Data-Center Buildout as Q3 Revenue Climbs

Applied Digital posted Q3 2026 revenue of $126.6M (up 139% YoY) with a net loss of $100.9M; adjusted revenue was $108.6M and adjusted EBITDA $44.1M. The company advanced its Delta Forge and Polaris Forge campuses, secured a $100M Macquarie DevCo facility, and completed a $2.15B private notes offering to fund Polaris Forge 2. It restructured leases with CoreWeave for stronger debt security and announced a cloud-business merger with EKSO Bionics to form ChronoScale, targeting long-term NOI growth toward $1B. HPC hosting and Data Center Hosting drove growth, with cash of about $2.1B and total debt of $2.7B.

Nevada utility weighs fossil-fuel fix for data-center power boom
business2 days ago

Nevada utility weighs fossil-fuel fix for data-center power boom

Nevada’s largest utility is weighing a gas‑fired pathway to power the rapid rise of data centers, arguing that new or expanded fossil-fuel generation may be needed to ensure reliable electricity as states push for cleaner energy, with existing gas plants like the Edward Clark Generating Station illustrating current reliance on natural gas amid the tension between data-center demand and long-term decarbonization goals.

New Analysis Finds AI Data Centers Do Not Drive Higher Electricity Rates
energy2 days ago

New Analysis Finds AI Data Centers Do Not Drive Higher Electricity Rates

A new Institute for Energy Research analysis finds no statistically significant link between AI data-center growth and consumer electricity prices across states; states with many data centers have similar rates to others, and higher-growth states experienced smaller price increases. While data centers have boosted demand, the study argues they do not explain price rises, a conclusion that informs ongoing policy debates and proposals related to data-center energy use.

Oracle trims up to 30,000 jobs to bankroll its AI data-center build
business10 days ago

Oracle trims up to 30,000 jobs to bankroll its AI data-center build

Oracle reportedly cut 20,000–30,000 employees (about 18% of its 162,000-strong workforce) across the US, India, Canada and Mexico as part of a restructure to fund a large AI data-center build. Termination emails and system access were severed around 6 a.m.; Oracle hasn’t officially confirmed totals. TD Cowen estimates the cuts would free $8–$10 billion in cash flow to support roughly $156 billion in AI infrastructure capex, backed by $45–$50 billion in 2026 debt/equity financing. The company posted a 95% jump in net income last quarter and $523 billion in remaining performance obligations, signaling a capital-intensive bet despite strong profitability. Oracle has yet to comment publicly.

AI data centers spark heat islands, warming surrounding land by up to 16°F
science11 days ago

AI data centers spark heat islands, warming surrounding land by up to 16°F

New research finds hyperscale AI data centers emit heat that raises local surface temperatures by an average of about 3.6°F after they begin operating, with some areas seeing increases up to 16.4°F. The warming effects extend up to 6.2 miles from centers and could affect more than 340 million people worldwide, highlighting an under-researched environmental impact of data-center growth and the need for strategies to mitigate AI infrastructure’s climate footprint.

Mistral secures $830M debt to back European AI data center
technology12 days ago

Mistral secures $830M debt to back European AI data center

French AI startup Mistral has secured $830 million in debt financing from a seven-bank consortium to fund a Paris-area data center powered by Nvidia GPUs (13,800 GB300s, about 44 MW initial capacity), with plans to reach 200 MW of European compute capacity by 2027. The center is slated to be operational in Q2 and supports Mistral’s broader push to build AI infrastructure in Europe, including a 1.2‑billion-euro plan for data centers in Sweden.

Crusoe Expands Abilene AI Factory to 2.1 GW for Microsoft AI Workloads
technology14 days ago

Crusoe Expands Abilene AI Factory to 2.1 GW for Microsoft AI Workloads

Crusoe unveiled a new 900 MW AI factory campus in Abilene, Texas to support Microsoft AI workloads, bringing the full Abilene site to about 2.1 GW with two new buildings and an on-site power plant, designed for high-density compute and water‑efficient cooling; energization of the first building is planned for mid-2027, as the expansion aims to accelerate giga-scale AI infrastructure and boost the local economy through jobs and tax revenue.

Entergy Louisiana, Meta Strike $2.65B Deal to Save Customers and Fuel Northeast Louisiana AI Hub
news-release14 days ago

Entergy Louisiana, Meta Strike $2.65B Deal to Save Customers and Fuel Northeast Louisiana AI Hub

Entergy Louisiana and Meta announce two agreements totaling about $2.65 billion in customer benefits over 20 years to support the Northeast Louisiana hyperscale data center, with Meta covering the full cost of the infrastructure and new commitments for energy efficiency, renewable energy deployment, and grid improvements. The project is expected to create thousands of jobs, increase tax revenues, strengthen grid reliability, and position Louisiana as a high-tech growth leader while maintaining affordable rates.

Micron’s AI-fueled Rally Faces Inevitable Reversion to Mean
markets15 days ago

Micron’s AI-fueled Rally Faces Inevitable Reversion to Mean

The analysis argues Micron’s current stock surge reflects a temporary, cyclical memory-demand spike driven by AI, not lasting growth. As memory capacity expands, margins and earnings are likely to retrace, making MU overvalued versus secular growers with recurring revenues (e.g., data-center REITs like Equinix) and utilities. The piece highlights how capacity expansions have historically crushed cyclical highs, and Micron’s own capex plan will boost supply further, supporting a return to equilibrium rather than permanent gains. Investors should rotate from MU’s immediate-revenue burst to companies with durable, recurring revenue.

Sanders and AOC Rally for Federal Moratorium on AI Data Centers
politics16 days ago

Sanders and AOC Rally for Federal Moratorium on AI Data Centers

U.S. lawmakers Bernie Sanders and Alexandria Ocasio-Cortez unveiled bills to impose an immediate federal moratorium on AI data-center construction until comprehensive safeguards protect health, privacy, workers’ rights, and the environment, with Sanders leading the Senate effort and Ocasio-Cortez preparing a House counterpart to slow AI development and push for nationwide regulation.

Lawmakers push data-center pause to push AI rules
technology16 days ago

Lawmakers push data-center pause to push AI rules

Sen. Bernie Sanders plans to introduce legislation to block the construction of new data centers until Congress passes regulations on artificial intelligence, a move aimed at pressuring a stalled AI regulatory process. Rep. Alexandria Ocasio-Cortez is expected to back a similar plan, signaling a leftward push on tech policy as public skepticism about AI grows and lawmakers weigh how to curb industry influence ahead of elections.

Arm pivots to selling its own data-center chips, sparking a rally
technology17 days ago

Arm pivots to selling its own data-center chips, sparking a rally

Arm Holdings unveiled a pivot to selling its own data-center chips, introducing the Arm AGI CPU with Meta Platforms and OpenAI as initial customers. After a dip on the plan, the stock rose about 16% in a single day, the strongest gain in nearly a year, as investors weigh the growth potential of Arm’s chip business against established rivals like Intel and AMD.