Firmus Technologies, originally a Bitcoin mining company, has partnered with Nvidia to provide access to its GPU clusters in Singapore and Australia via Nvidia's DGX Cloud Lepton marketplace. This collaboration supports Project Southgate, aiming to build large-scale AI data centers with around 18,400 Nvidia GPUs in Melbourne starting in 2026. Firmus plans to invest over $70 billion in AI infrastructure across Australia, backed by $1.35 billion in equity and a $10 billion debt facility. This move positions Firmus as a major player in the AI infrastructure market, targeting large enterprise and government contracts.
Jim Rickards, a former CIA financial advisor, highlights that the current AI industry is consuming more capital and energy than the 1990s internet boom. With nearly $5 trillion expected to be spent on AI data centers in the U.S. alone, the AI buildou...
Investment manager Lawrence Lepard says Bitcoin at around $59,000 is historically cheap, trading below its 200-day moving average and near a rare low zone seen less than 10% of the time. He argues the U.S. Federal Reserve under Chair Kevin Warsh is u...
The Benzinga Stock Whisper Index highlights five stocks gaining investor interest: FreeCast for expanding DIRECTV and Starlink reseller deals despite financial concerns; American Airlines for launching Starlink on planes and multiple analyst price ta...
Hyper Foundation is providing $10 million in grants to help developers and protocols transition from the USDH stablecoin to USDC as USDH is being phased out. Builders on the Hyperliquid platform must complete their migrations or orderly shutdowns by ...
Wall Street analysts remain cautious but optimistic about Lucid Group's stock, with an average 12-month price target of $9.75, implying a 64.7% upside from its current $5.92 price. The consensus rating is 'Hold,' reflecting mixed views amid concerns ...
