Market Update
Over the last week, around 2/3 of AI infra companies we track posted positive gains, with SHAZ (53.58%), NBIS (47.72%) and SNDK (35.38%) leading top gains. Bitcoin mining Index had 0.4% gain over the last 5 days.
Major Company Updates
- NVIDIA partners with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to establish AI compute infrastructure financing platforms to mobilize over $500 billion of third-party capital (link)
- CoreWeave closes $2.6 billion loan facility, expanding financing flexibility for AI infrastructure (link)
- IREN delivers Horizon 1 to Microsoft and achieves NVIDIA Exemplar Cloud status on GB300 NVL72 (link)
- Core Scientific completes acquisition of Polaris DS, advancing planned Muskogee expansion to 1.5 GW of gross power (link)
- Intel announces upsize and pricing of $20 billion common stock offering (link)
- WhiteFiber and Krambu partner to bring 100MW of high-density GPU infrastructure capacity to market in 2027 (link)
- Bank Leumi partners with Galaxy to be the first bank in Israel to offer digital asset trading (link)
- HIVE reports Q1 2027 revenue of $79.1 million; contracted GPU cloud ARR reaches approximately $110 million (link)
Last week, Riot executed 20-year leases for 191 MW of critical IT load at its Rockdale campus. Together with the existing AMD agreement, these leases bring total contracted capacity to 241 MW and approximately $9.74 billion in committed revenue. While the absolute contracted scale and total revenue are not industry-leading, the economics are among the more attractive in the sector, delivering roughly $2.38 million of annual revenue per MW.
As always, feel free to drop us a message for any suggestions, feedback, or just to say hi.
Thanks for being part of our journey - see you next week!
Cindy & the Ziven Team 馃挏