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Bitcoin miner to AI landlord: Microsoft signs $9.7B deal with BTC miner IREN

Bitcoin miner to AI landlord: Microsoft signs $9.7B deal with BTC miner IREN

Microsoft’s $9.7 billion contract with a Texas miner reveals the new math pushing crypto infrastructure toward AI, and what it means for the networ...
The Trump administration is moving to fast-track data center power hookups

The Trump administration is moving to fast-track data center power hookups

The Trump administration is moving to fast-track data center power hookups, cutting approval times from several years to just 60 days.
Microsoft signed three 20-year solar power purchase agreements with Japan's Shizen Energy

Microsoft signed three 20-year solar power purchase agreements with Japan's Shizen Energy

Microsoft wrapped up three new renewable energy deals with Shizen Energy, a Japanese clean power firm, as part of its ongoing effort to get electri...
Americans face $7.3 billion added to electricity costs as AI data centers drive historic energy surge

Americans face $7.3 billion added to electricity costs as AI data centers drive historic energy surge

Electricity bills are rising sharply for millions of Americans, and experts say the culprit is an unexpected one. The massive buildings filled with...
Texas passes rules temporarily disconnecting major data centers from power grid

Texas passes rules temporarily disconnecting major data centers from power grid

U.S. policymakers are eyeing a tougher tactic to curb the surge in Big Tech’s electricity use. During grid emergencies, large data centers could be...
Canadian Bitcoin miner Bitfarms gains ‘Stronghold’ in US with merger completion

Canadian Bitcoin miner Bitfarms gains ‘Stronghold’ in US with merger completion

Bitfarms has completed buying Stronghold Digital Mining (SDIG). This makes Bitfarms the biggest Bitcoin miner in the PJM market and gives it a much...
FERC blocks Amazon AI power deal, energy struggle with Bitcoin miners persists

FERC blocks Amazon AI power deal, energy struggle with Bitcoin miners persists

The Federal Energy Regulatory Commission (FERC) stopped an Amazon AI data center from drawing more power from Talen Energy’s Susquehanna plant in P...
Microsoft in 20yr deal to reopen Three Mile Island to power its AI energy needs

Microsoft in 20yr deal to reopen Three Mile Island to power its AI energy needs

Microsoft has signed a 20-year power purchase agreement to resuscitate the Three Mile Island nuclear power plant to fuel its growing AI energy requ...
Google expands solar investments with major deals in the US to power AI data centers

Google expands solar investments with major deals in the US to power AI data centers

Google has signed a major renewable energy deal with Energix Renewables. This partnership includes the development of 1.5GWp solar projects in the ...
Bitcoin Mining Firm Bitfarms Faces $27 Million Net Loss in Q2 2024

Bitcoin Mining Firm Bitfarms Faces $27 Million Net Loss in Q2 2024

The company disclosed a net loss of $27 million, equating to a 7-cent loss per share, both basic and diluted.