Rep. Adam Schiff has proposed federal legislation that would mandate data centers to generate or source their own energy to avoid overburdening public power grids.
Blackstone is reportedly backing Google's proprietary AI chip development with a massive $5 billion investment. This major hyperscaler financial commitment aims to diversify the AI hardware ecosystem and create a stronger rival to Nvidia's market dominance.
Local officials in Canton, Ohio, have approved a property tax break for a controversial new data center project despite ongoing local opposition and concerns.
A detailed timeline outlines the origins, developments, and subsequent controversies surrounding a high-profile data center plan backed by Kevin O'Leary.
Shares of HIVE Digital surged following the announcement of its plans to build a major AI gigafactory in the Toronto area. The project underscores the continued pivot of former crypto mining firms into high-performance AI infrastructure.
A proposed Senate bill would require AI data centers to financially contribute to power grid upgrades necessitated by their massive energy consumption.
HIVE Digital has officially acquired a $58 million plot of land in Toronto to construct its new AI data center facility. The acquisition caused the company's shares to climb, cementing its transition into the AI infrastructure space.