Data Center News
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In an era of rapid technological advancement, leading tech companies increasingly find that owning dedicated semiconductor fabrication plants (fabs) and manufacturing lines may be essential for maintaining a competitive edge. For companies like Apple, Google, and Amazon, reliance on external chip suppliers risks introducing bottlenecks and dependency that could limit their innovation capabilities. By establishing…
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Two unidentified companies have proposed building artificial intelligence (AI) data centers in North Dakota, with each project potentially costing up to $125 billion. This massive investment could transform the state’s tech infrastructure, marking it as a critical hub for AI-driven operations. During an August meeting with the North Dakota Public Service Commission, Commissioner of Commerce…
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Soluna Holdings Inc. (NASDAQ: SLNH) has reported robust financial results for the third quarter of 2024, achieving a year-to-date revenue of $29.7 million, marking a significant increase from the $10.9 million reported during the same period in 2023. A key development contributing to this growth is the launch of Soluna Cloud AI, a sustainable cloud…
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CoreSite Realty Corporation has achieved a significant milestone at its VA3 data center in Reston, Virginia, with the completion of a new 38,000-square-foot, 8-megawatt data hall suite. This expansion underscores CoreSite’s commitment to providing scalable and resilient colocation capacity in Fairfax County. The project was executed in collaboration with DPR Construction, a partner known for…
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Taiwan Semiconductor Manufacturing Company (TSMC) is advancing U.S. semiconductor manufacturing with its substantial investment in Arizona. The company plans to build three state-of-the-art fabrication plants (fabs) in Phoenix, representing the largest foreign direct investment in a greenfield project in U.S. history. This initiative is expected to create over 6,000 high-tech, high-wage jobs and significantly enhance…
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In a significant legal development, the New York Supreme Court has ruled in favor of Greenidge Generation Holdings Inc., allowing the cryptocurrency mining facility to continue operations at its Seneca Lake site. The court found that the New York State Department of Environmental Conservation (DEC) acted arbitrarily and capriciously in denying Greenidge’s air permit renewal,…
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Colorado-based Bitcoin mining firm Revolve Labs has unveiled plans for a new $60 million data center in Glencoe, Minnesota. The proposed facility will include AI data centers, extensive cooling systems, and backup generators, strategically designed to optimize Bitcoin transaction processing while addressing noise concerns raised in prior locations. The planned site spans 6.2 acres and…
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Ethiopian Electric Power (EEP) announced that it generated over $25 million in revenue during the 2023/2024 fiscal year from electricity supplied to companies involved in data mining. This substantial income is part of EEP’s strategy to increase foreign currency earnings by billing domestic customers in U.S. dollars rather than Ethiopian Birr. Minilik Getahun, Manager of…
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BitcoinVersus.Tech Editor’s Note: We volunteer daily to ensure the credibility of the information on this platform is Verifiably True.If you would like to support to help further secure the integrity of our research initiatives, please donate here Siemens Digital Industries Software has unveiled a significant advancement in electronic systems design by integrating artificial intelligence (AI)…
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Taiwan Semiconductor Manufacturing Company (TSMC) recently projected strong AI-driven demand that is expected to persist for ‘many years,’ in a report from yahoo finance. TSMC’s third-quarter earnings exceeded expectations, with net income surging over 50%. The company’s optimistic forecast indicates that AI-related sales could triple in 2024, accounting for 15% of its revenue. This announcement…
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Schneider Electric, a global leader in energy management and automation, has announced a significant acquisition of a 75% controlling stake in Motivair Corp, a specialist in liquid cooling technology for high-performance computing systems. The $850 million all-cash deal reflects Schneider Electric’s ongoing strategy to strengthen its portfolio in data center technologies and meet the growing…
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Bitcoin mining is a highly competitive industry where ASIC manufacturers compete for dominance. The top three manufacturers by market share areBitmain, MicroBT, and Canaan. ASIC MARKET OVERVIEW Company Location Foundry Model Example Market %Estimate Bitmain Beijing TSMC S19Jpro 60% MicroBT Shenzen Samsung M66S+ 20% Canaan Hangzhou SMIC Avalon Miner 1366 10% Bitmain remains the dominant…
