Shares of neocloud companies like TeraWulf, Hut 8, Galaxy Digital, and Core Scientific rose 4-7% following news of a $500 billion financing initiative led by NVIDIA and major Wall Street firms. This funding aims to support AI data center infrastructure, treating compute capacity as an investable asset and lowering project financing costs. The move comes after recent share price declines and counters concerns about competition from SpaceX. The large contracted revenue bases of these companies underpin investor confidence in their growth potential amid cheaper financing options.
Riot Platforms' shares rose 17% after announcing a 20-year lease for a 191 MW AI data center at its Texas campus, expected to generate $9.1 billion in revenue through 2048. The lease with Anthropic marks a major shift from Bitcoin mining to large-sca...
TeraWulf's stock has surged 40.82% in 2026, outperforming peers like Applied Digital, IREN, and Core Scientific, thanks to a significant 20-year lease agreement with Anthropic for a data center campus in Kentucky. This deal is expected to generate ab...
