Cryptocurrency mining consumes approximately 1GW of power in Moscow alone

If passed, the legislation would create separate electricity tariffs for large data centers

Would value the company at approximately $50bn

Plan to colocate compute at the world's first floating wind installation

Follows new rate class establishment in July

With an option to expand

As well as several new laws targeting the sector

Claros develops tech designed to power high-speed AI chipsets

Follows the completion of its fifth demonstration project

Transaction expected to close this year

Expected to have a capacity of 300MW

First power is slated for next year

Will have to pay approximately 10 percent higher charges for power use

Digital Realty, Equinix, Keppel Data Centers, and ST Telemedia Global Data Centers will each be allocated 50MW of new capacity

Further details are expected to be revealed when the deal is completed

Mandates that data center projects receive all required local approvals before permits are issued

Seeking anchor offtaker for site

Data centers that fail to meet the standards could see their projects rejected

Would support the development of an up to 10GW data center campus in Ohio for OpenAI

Company targeting the commercialization of its wave-powered solution in 2027

The company has previously signed supply deals with Google and Crusoe

Company also appoints new CEO

The outage, which originated in Northern Virginia, brought approximately 4GW of data center load offline

Governor initiated a pause in interconnections earlier this month