5 articles tagged with #ai-datacenter. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
HIVE Digital is transitioning away from Bitcoin mining due to hostile Swedish tax rules and halving risks, instead quadrupling its Canadian AI data center capacity to focus on contracted GPU revenue. This shift represents an acknowledgment that the traditional Bitcoin-only mining model faces significant challenges.
OpenAI, Oracle, and SoftBank are expanding their Stargate AI datacenter project with five new sites as part of a massive $500 billion, 10-gigawatt U.S. infrastructure buildout. The expansion aims to power next-generation AI capabilities and create tens of thousands of jobs across the United States.
TD Cowen upgraded Ciena (CIEN) stock to Buy with a $425 price target after the company beat Q1 estimates with 33% year-over-year revenue growth. The strong performance is attributed to accelerating AI datacenter demand driving network infrastructure needs.
Huawei is expanding its modular AI datacenter solutions globally, featuring domestically-produced Chinese chips as the company seeks to compete internationally despite ongoing US sanctions. The flatpack datacenter approach allows for rapid deployment and scalability of AI infrastructure using Huawei's own semiconductor technology.
Activist investor Starboard Value, holding a 3.5% stake in Bitcoin miner Riot Platforms, has sent a letter urging the company to pivot faster to AI operations. Starboard argues that Riot's power infrastructure could generate billions in revenue if transitioned from Bitcoin mining to AI data center operations.
