The U.S. Department of Energy (DOE) has announced a $1.9 billion grid upgrade program aimed at expanding transmission capacity, as rising electricity demand from AI and data centers strains the nation’s power infrastructure. The program, announced on Thursday and administered by the DOE’s Office of Electricity, will fund projects that upgrade existing power lines and deploy […]

U.K.-based AI cloud provider Nscale is in talks to acquire a large data center development site in West Virginia that could support up to 8 gigawatts of capacity, according to a report by The Information. The potential deal would see Nscale acquire American Intelligence & Power (AIP), the current owner of the site in Mason […]

San Antonio–based AMC Robotics is tapping GPU infrastructure from HIVE Digital (NASDAQ: HIVE) as demand for computing power spreads beyond AI model training into robotics applications. The two companies announced on Friday that they had entered a strategic collaboration under which AMC Robotics will use HIVE’s GPU cloud infrastructure to support the development and deployment of its […]

For years, nuclear power in the United States was widely seen as a sunset industry. Aging reactors were closing, utilities struggled to justify operating costs, and cheap natural gas combined with subsidized renewables eroded the economics of baseload generation. Now the trend is reversing — and the catalyst isn’t government policy alone. It’s the explosive […]

NVIDIA Corp. is investing $2 billion in Amsterdam-based AI cloud provider Nebius (NASDAQ: NBIS) Group as the chipmaker deepens its role in building the infrastructure behind a new wave of artificial intelligence services. The investment, announced Wednesday, forms part of a strategic partnership aimed at expanding Nebius’s hyperscale AI cloud platform and accelerating the deployment of high-performance […]

Foundry Digital plans to launch an institutional-grade Zcash mining pool in April, expanding the largest Bitcoin mining pool operator into the privacy-focused cryptocurrency network. The Rochester, New York-based company said on Wednesday the new service is designed to provide a compliant mining infrastructure for Zcash that can support institutional and publicly traded miners. Foundry currently […]

Venture capital firm Andreessen Horowitz (a16z) announced today that it has led a $500 million Series B investment in Nexthop AI, a networking startup designed to build high-performance infrastructure specifically for the artificial intelligence era. The round includes participation from Lightspeed Venture Partners. As hyperscalers rapidly expand their AI clusters, traditional networking hardware is increasingly […]

Artificial intelligence is having its electricity moment. Across global markets, utilities are scrambling to connect massive new data centers. Tech giants are locking in gigawatts of power. Transmission queues to connect the new generation to the grid are backlogged. Electrical substations are suddenly strategic assets. The AI boom has made one thing clear: computation is […]

U.K.-based Nscale raised $2 billion in a Series C funding round that values the company at $14.6 billion, extending the rise of the AI infrastructure firm spun out of Bitcoin mining company Arkon Energy. Nscale announced the fundraising on Monday, a move underscoring the rapid influx of capital into companies building large-scale computing capacity for […]

Bitfarms (NASDAQ: BITF) is bolstering its leadership ranks with a series of hires aimed at accelerating the company’s expansion into HPC infrastructure while preparing for a shift toward U.S. corporate domiciliation. The Canadian bitcoin miner said Monday it has appointed six executives across infrastructure and corporate roles as it advances new development projects and builds out […]