Data center

Cathedra Bitcoin (CBTTF) announced its Q3 2025 financial results, reporting C$5.5 million in revenue and a net loss of C$0.8 million, a C$3.2 million improvement year-over-year. Subsequent to the quarter, Cathedra executed a 30:1 share consolidation and completed a 15 MW data center in Kentucky, increasing power capacity by 50%. The company aims to expand hosted infrastructure, optimize customer balance, and diversify its power portfolio, while actively scaling its energy infrastructure amid increasing demand for Bitcoin mining and hosting services.

AMD CEO Lisa Su defended Big Tech’s AI investments as calculated moves, not gambles, leading to a 10% surge in AMD shares. She cited increased capital expenditures from hyperscalers due to AI reaching an “inflection point.” While acknowledging concerns of an AI bubble, fueled by short-seller Michael Burry’s stance and Softbank’s Nvidia stake sale, Su remained confident in AMD’s growth, projecting 35% annual revenue growth driven by “insatiable” AI chip demand and aiming for a double-digit market share in data center AI chips.

AMD projects 35% annual revenue growth over the next 3-5 years, driven by an 80% annual expansion in its AI data center business, potentially reaching tens of billions in sales by 2027. The company aims for a double-digit share in the data center AI chip market, challenging Nvidia’s dominance. AMD is partnering with OpenAI to supply Instinct AI chips. The total addressable market for AI data centers is estimated to reach $1 trillion by 2030. Despite the AI focus, AMD’s legacy businesses are also experiencing growth.

TeraWulf (WULF) priced a $900M private offering of 0.00% Convertible Senior Notes due 2032, potentially reaching $999.7M. Net proceeds will fund a data center campus in Abernathy, Texas, and general corporate expenditures. The initial conversion rate is 50.1567 shares per $1,000, implying a ~$19.94 conversion price. The notes, maturing May 1, 2032, include a 37.5% conversion premium and an option for initial purchasers to acquire an additional $125M.

Qualcomm is entering the data center AI accelerator market, challenging Nvidia’s dominance with its AI200 and AI250 chips planned for 2026 and 2027. Leveraging its expertise in mobile NPUs, Qualcomm aims to capitalize on the booming AI server market. Qualcomm emphasizes its total cost of ownership benefits and higher memory capacity (768GB per AI card). The company initially focuses on AI inference and offers flexible system configurations. A partnership with Saudi Arabia’s Humain demonstrates Qualcomm’s commitment to the sector.

Applied Digital (APLD) secured a $5 billion, 15-year lease with a U.S. hyperscale data center operator for 200 MW capacity at its Polaris Forge 2 campus, bringing its total leased capacity to 600 MW. Despite the significant deal, APLD’s stock fell over 7%, although it’s still up nearly fourfold year-to-date. The agreement underscores the growing demand for AI infrastructure, with major cloud providers investing heavily. CEO Wes Cummins highlighted Microsoft, Meta, Oracle, Amazon, and Google as potential partners. Applied Digital’s 4 gigawatt active pipeline suggests further growth.

Meta Platforms and Blue Owl Capital have formed a $27 billion joint venture to finance Meta’s “Hyperion” data center project in Louisiana. Blue Owl holds an 80% stake, providing $7 billion in cash, while Meta retains 20% and manages construction. Hyperion, Meta’s largest data center, will support its growing AI initiatives. The Louisiana facility, slated for completion by 2030, could consume twice the electricity of New Orleans at peak demand. This deal mirrors a broader trend of tech giants investing heavily in AI infrastructure.

Google plans to invest $15 billion in a new AI hub in southern India, its largest outside the U.S., over the next five years. This signals India’s growing strategic importance in the global tech landscape. Raiden Infotech, Google’s Indian subsidiary, will build three campuses in Visakhapatnam. This investment, part of Google’s increased $85 billion capital expenditure forecast for 2025, aligns with its $25 billion investment in US data centers. Microsoft and AWS are also investing heavily in India, fueling competition and innovation within the sector.

TechEx Europe 2025 in Amsterdam will host over 8,000 attendees and 250+ speakers across AI, cybersecurity, IoT, digital transformation, and data center expos. Focused on AI operations, particularly agentic AI, the conference addresses governance, trust, and infrastructure needs for scaling AI. Sessions feature leaders from Deutsche Bank, Mastercard, Reddit, NVIDIA, and NATO, discussing responsible scaling, monitoring frameworks, and infrastructure readiness. Attendees will gain practical insights and network with industry peers to navigate the evolving AI landscape.