Tag: AI data centers
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AI Data Center Curtailment: Who Gets Cut First When the Grid Runs Short
A new PJM site drawing 50 MW or more can be cut first during a shortage from June 1, 2027.
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Why AI Cloud Companies Lose Money Even at 66% Gross Margins
Nvidia’s gross margin was 75.0% last quarter; management guided it to 72–73% next year, pointing to memory costs.
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Poolin’s Bankruptcy Sale: What Hut 8’s Terms for Two Texas Sites Show
Bitcoin miner Poolin filed for Chapter 11 bankruptcy in the US and plans to auction its Texas mining assets to cover roughly $173 million in debt.
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Hut 8’s Second $9.8 Billion Beacon Point Lease: What the Release Shows
Hut 8, a publicly traded Bitcoin mining company, saw its share price jump on Monday after news broke of a data center agreement tied to AI compute demand, valued at roughly $9.8 billion, according to Bitcoin Magazine.