Data Centers

Nvidia’s more than $500 billion data-center financing framework is helping restore confidence in the AI trade after a sharp pullback. Yet the broader equity bid remains vulnerable as Hormuz shipping headlines and crude prices continue to shape inflation and rate expectations.

Riot Platforms shares jumped more than 20% in pre-market trading after the bitcoin miner secured a 20-year artificial intelligence infrastructure agreement tied to Anthropic. The deal underscores how power-rich mining firms are repositioning data center assets toward AI workloads and longer-term contracted revenue.

Sandisk and Western Digital fell sharply in pre-market trading even after strong quarterly results, as guidance failed to clear high investor expectations. The move is prompting crypto traders to ask whether cooling AI momentum, rising gold and bitcoin’s hold above $64,000 point to a broader shift in capital flows.

Galaxy Digital shares moved lower in pre-market trading after the company reported a narrower quarterly loss but revenue that missed expectations. Investors also focused on the Helios data-center business, which generated revenue for the first time but did not announce a new customer or lease.

K Wave Media has filed a shelf registration to potentially raise up to $250 million as it reshapes its business around AI infrastructure. The Nasdaq-listed Korean media firm has also sold all of its Bitcoin, ending a high-profile treasury plan that once targeted 10,000 BTC.

Bitcoin miners pivoting into AI infrastructure are confronting a steep funding challenge, with VanEck estimating a near-term gap of about $50 billion. The firm says investors now care less about contract headlines and more about whether miners can fund, build, and operate data centers.