Galaxy Digital reports a narrowed Q1 net loss of $216 million and delivers its first Helios data hall to CoreWeave. The move supports expansion into AI infrastructure with over 1.6GW capacity approval.
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Digital Realty will pay $3.5 billion in cash and stock for stakes in three fully leased 96-MW Virginia data centers from Blackstone, valuing the assets at $7.8 billion. The deal increases the company's ownership in the world's largest data center market amid surging AI demand from hyperscalers.
SB Energy, the SoftBank-backed developer of AI data centers, filed for a US IPO on Tuesday, reporting 66.4% revenue growth in the first half of 2026 and a $439 billion backlog while disclosing it has no operational facilities and is substantially dependent on OpenAI. The filing underscores the tight linkages among OpenAI, SoftBank, and Nvidia in the $500 billion Stargate project as the company seeks to broaden its customer base through acquisitions.
NVIDIA has partnered with SB Energy to secure an initial 4.25 IT-GW of AI capacity at the PORTS-Pike campus in Ohio, with OpenAI as the customer for the full 8 IT-GW site under a 20-year lease. The agreement features a $1.5B NVIDIA investment in SB Energy, credit support for the buildout, creation of tens of thousands of jobs and an $80M community benefits fund.
Meta will build its first large Canadian data center, a 1GW AI-optimized project in Alberta's Sturgeon County expected to cost approximately $9 billion and require two to three years. The initiative forms part of the company's accelerated AI infrastructure rollout even as it develops a cloud computing business aimed at selling surplus capacity.
TeraWulf signed a 20-year lease with Anthropic for a 401 MW AI data center campus in Kentucky expected to generate $19 billion in revenue, while selling its Texas JV stake for $530 million. The deal validates TeraWulf's pivot from crypto mining to AI infrastructure and sent shares up more than 16% in premarket trading.
