Data center operator Crusoe is in talks to raise $3 billion, potentially raising its valuation to $30 billion.
Related
Data center operator Csquare plans to raise up to $1.35 billion in a NYSE IPO.
According to filings with the U.S. Odaily(SEC), data center operator Csquare plans to list on the NYSE under the ticker symbol "CSQR." The company plans to issue 50 million shares at a price range of $23 to $27 per share, raising up to $1.35 billion. At the upper end of the offering price range, the company's valuation would be approximately $4.18 billion. This IPO comes at a time of global expansion in AI computing power and data centers, with market demand for infrastructure assets continuing to rise. (Bloomberg)
US infrastructure company MasTec invests another $1.65 billion to strengthen its data center electrical footprint.
Mars Finance reports that US infrastructure engineering and construction company MasTec announced on Tuesday that it will acquire electrical contractor The Superior Group for approximately $1.65 billion to enhance its electrical service capabilities in the rapidly expanding data center infrastructure market. The transaction, conducted in cash and stock, is expected to close in mid-to-late July. (Cailian Press)
SpaceX's Colossus data center faces shutdown order, putting a $45 billion deal at risk.
According to Odaily sources, a lawsuit is seeking a court order for SpaceX to shut down the gas turbines powering its Colossus 2 data center, arguing that they are operating without the necessary permits. This lawsuit could jeopardize parts of SpaceX's $45 billion contract with Anthropic. A lower court will likely order the turbines to be shut down while permits are being obtained, but may also grant SpaceX some time to comply with the regulations.
Nvidia-backed Nscale secures $900 million in revolving credit to accelerate its global AI data center expansion.
Mars Finance reports that Nscale, a UK-based AI infrastructure startup backed by Nvidia, announced on Tuesday that it has secured a $900 million revolving credit facility to accelerate its data center construction in Europe, the US, and the Asia-Pacific region. The company completed a $2 billion funding round earlier this year, valuing the company at $14.6 billion. (Cailian Press)
TeraWulf secures a massive 20-year lease on Anthropic, potentially generating $19 billion in revenue.
ChainCatcher reports that Anthropic has announced a 20-year data center lease with TeraWulf to build AI computing infrastructure in Kentucky, USA. Located approximately an hour's drive southwest of Louisville, the data center has a planned capacity of about 400 megawatts, with initial power supply expected in the second half of 2027. Under the agreement, the initial lease is expected to generate approximately $19 billion in revenue for TeraWulf. TeraWulf is a Bitcoin mining company that has been continuously transforming into an AI data center infrastructure provider in recent years, with its stock price rising by more than 80% this year, reflecting the continued pricing power for AI computing infrastructure in the market.
New York town weighs crypto mining and AI data center ban
One of the first towns in the US to ban Bitcoin mining for 18 months is considering another temporary moratorium extending to data centers and other crypto mining operations.