TL;DR CleanSpark has completed the closing of $2.276 billion in senior secured notes. The Bitcoin miner says proceeds will support data-center expansion and refinancing of existing credit facilities. The financing has closed, making this different […]
TLDRs; Sandisk shares fell roughly 12% despite Evercore raising its price target to $3,100 on stronger long-term earnings expectations. Only $6.24 billion of Sandisk’s $41.6 billion contracted backlog is expected to convert into revenue within […]
TLDRs; Vertiv shares fall as investors lock in profits after a massive AI-driven multi-year rally and strong gains. Institutional repositioning and valuation concerns weigh on sentiment despite strong demand for AI data center infrastructure. Company […]
The brokerage, investing and financial advisory arm of Wells Fargo is highlighting one market sector that could benefit immensely from growing investments in artificial intelligence (AI) and data centers. Wells Fargo Advisors says that the […]
Artificial intelligence needs vast amounts of electricity and specialized cooling. Bitcoin miners already control gigawatts of power capacity and interconnection rights. Put those together, and you get one of the market’s most important pivots: miners […]
TLDRs; Celestica rose on the TSX as U.S. markets closed for Memorial Day, shifting focus to Canadian trading. AI infrastructure demand continues to support sentiment despite absence of fresh company-specific news. Strong revenue growth and […]
TLDRs; Applied Digital dropped as investors locked in profits after its massive $7.5 billion AI hyperscaler contract rally. Rising yields and oil prices pressured AI infrastructure stocks, triggering broader sector-wide risk-off sentiment. Long-term bullish case […]
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