data centers

Nvidia reported Q2 FY2027 revenue of $96.2 billion, up 106% year-over-year, beating estimates. The company guided Q3 revenue to $108 billion, and stock rose 8.7% after earnings.

Former crypto-mining companies including TeraWulf, Applied Digital, IREN, Core Scientific pivot to AI data centers leveraging legacy power contracts; attracting hyperscale tenants; Bitfarms pivoting to 2.2GW AI/HPC pipeline; Riot Platforms sold 3,778 BTC ($289.5M) in Q1 2026 to fund AI infrastructure shift.

Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez have introduced legislation to impose a two-year moratorium on new AI data centers, citing worker safety, community impact, and the need for safeguards before expanding AI infrastructure.