Nvidia posts a record $75.2B data center quarter

Nvidia reported record data center revenue of $75.2 billion, with networking up nearly 200 percent as Blackwell systems and InfiniBand, Spectrum-X, and NVLink demand accelerated. Hyperscalers accounted for roughly half of data center sales, with AI clouds, enterprise, and sovereign buyers making up the rest, a sign the demand base is broadening.

Source: CNBC

Modine signs a $4B Airedale cooling capacity pact through 2029

Modine announced a landmark $4 billion long-term capacity agreement running through 2029 with a strategic data center customer for its Airedale by Modine cooling systems. Multi-year supply lock-ins like this show how cooling has become a scarce, planned-ahead resource rather than a late-stage purchase.

Source: Data Center Knowledge

States move to decide who pays for AI’s power boom

Policy caught up with the buildout this week. North Carolina advanced SB 730, aimed at sorting out who shoulders the cost of new AI power demand, and proposed EPA rules drew warnings of backlash for data centers. Cost allocation and permitting are fast becoming as important to project schedules as land and chips.

Source: Data Center Knowledge

Applied Digital crosses 1GW with a $7.5B Polaris Forge 3 lease

Applied Digital signed a 300 megawatt lease with an existing investment-grade hyperscaler at its Polaris Forge 3 campus in North Dakota, a deal valued at about $7.5 billion with options that could lift it to $18.5 billion. The lease pushed Applied Digital past 1 gigawatt of contracted capacity.

Source: Data Center Knowledge

Aligned plans Project Caprock, a 540MW Texas campus

Aligned Data Centers announced Project Caprock, a 540 megawatt campus in Hale County, Texas. The project is another large West Texas play, pairing abundant land and wind with the transmission needed to serve AI-scale loads.

Source: Data Center Knowledge

Enbridge and Meta pair 365MW of solar with storage

Enbridge and Meta announced plans for a 365 megawatt solar project alongside 200 megawatts of storage to help power Meta’s operations. Renewables-plus-storage deals are becoming a standard tool for hyperscalers trying to add clean capacity quickly.

Source: Data Center Knowledge

I Squared deploys $3B and scoops up Elea Data Center

I Squared Capital deployed roughly $3 billion across three platform companies, including the acquisition of Elea Data Center from Piemonte Holding. The move is another marker of infrastructure funds building operating platforms rather than buying single assets.

Source: Data Center Knowledge

On-site power generation goes mainstream

With grid interconnection timelines stretching past the patience of any AI roadmap, operators are increasingly building their own power. At industry forums this month the theme was consistent. Gas turbines, fuel cells, and eventually small modular reactors are moving from contingency to core design, sized to bring gigawatt campuses online without waiting on the utility.

Why it matters: on-site generation collapses the single longest pole in the tent, the wait for power. It also pushes operators into roles they never planned to play, managing fuel, emissions, and generation assets as part of the data center itself.

Source: DIGITIMES