News linked to both this project and an event.
: Galaxy posted on the X platform, stating that Galaxy is expanding its data center footprint. It has signed a development agreement and acquired 500 acres of land in McGregor, Texas, for the construction and operation of an AI and HPC data center campus. Galaxy is advancing the power infrastructure required to support the campus, with the initial development phase expected to reach 74 megawatts.Galaxy believes the McGregor campus has the potential to develop into a multi-hundred-megawatt site by 2030. This campus will become Galaxy's second major data center investment in Texas, following its 1.6-gigawatt flagship Helios campus in West Texas.
sources familiar with the matter revealed Galaxy Digital Inc. plans to issue approximately $3.5 billion in high-yield bonds for the first time, aiming to fund data center projects associated with CoreWeave Inc. According to the sources, Galaxy Digital is marketing the bond issuance to investors at a yield of around 9%. Morgan Stanley and Goldman Sachs are acting as underwriters for this issuance, with pricing expected to be finalized on Thursday. The sources requested anonymity as the information has not yet been made public.
SemiAnalysis stated on X platform that traditional backup power equipment for data centers——Reciprocating Engines——are transitioning from an "emergency backup" role to a primary round-the-clock power source to meet the massive electricity demand driven by AI computing expansion.SemiAnalysis points out that in the past, data centers typically only activated on-site reciprocating engine backup power during grid failures, operating for just a few hours annually. However, with increasing grid capacity constraints, more data centers are repurposing these devices for Prime Power, enabling continuous electricity supply.According to SemiAnalysis' energy model estimates, manufacturers of reciprocating engines, including Caterpillar, INNIO, and Cummins, are expected to have signed approximately 1 GW in Behind-the-Meter (BTM) project orders this year; order volumes for 2027 and 2028 are each projected to exceed 4 GW.SemiAnalysis notes that current order volumes are still very limited compared to future potential demand. After modeling US grid constraints, they found that existing power supply margins are expected to be exhausted between 2027 and 2028, and planned utility-scale new generation capacity through 2030 is insufficient to meet the growing data center load demand.Based on its data center model, SemiAnalysis estimates that approximately 140 GW of identified data center projects still need to sign power supply contracts and may adopt behind-the-meter power supply models.Among the technologies available for behind-the-meter power supply, including reciprocating engines, aeroderivative gas turbines, and fuel cells, SemiAnalysis expects reciprocating engines to capture the largest share.The institution believes that reciprocating engines offer the best balance between cost and deployment speed, while also providing modular advantages that support phased data center expansion. Compared to fuel cells, they boast higher commercial maturity and financing feasibility. As manufacturers ramp up production capacity in the coming years, reciprocating engines are poised to become critical infrastructure for AI data centers to solve power bottlenecks.SemiAnalysis states that AI computing growth is driving data centers to shift from relying on traditional grid power to a hybrid model of "grid plus self-owned energy," with energy infrastructure emerging as a new core constraint for AI industry expansion.
one year after the U.S. House of Representatives passed the Clarity for Digital Assets Act (CLARITY Act), the bill remains stalled in the Senate, facing opposition from the banking industry and partisan divisions. Supporters anticipate a potential vote before the Senate's August recess. Industry organizations Coin Center and the Blockchain Association have identified Section 604 as a key provision for protecting open-source innovation. This provision aims to prevent non-custodial blockchain developers, node operators, and validators from being classified as federal money transmitters. Stefan Muehlbauer, Head of U.S. Government Affairs at CertiK, stated that removing Section 604 could conflate software development with financial services, subjecting developers to the Bank Secrecy Act and triggering First Amendment-related constitutional challenges. Iana Dimitrova, CEO of Openpayd, noted that the expanding use of stablecoins for cross-border value transfer has made the need for a federal regulatory framework more apparent. The bill also addresses accounting standards, acknowledges the rescission of SEC Staff Accounting Bulletin SAB 121, and prohibits the SEC from reimposing equivalent crypto custody accounting requirements without a full notice-and-comment rulemaking process. Mark Zalan, CEO of Gomining, pointed out that Bitcoin still faces regulatory gaps, such as tax treatment.
one year after the US House of Representatives passed the CLARITY Act, the bill has still not moved forward in the Senate. On July 17, House members held a hearing at Federal Hall National Memorial in New York to discuss how the bill could establish clearer rules for the digital asset market. House Majority Whip Tom Emmer stated that nearly 80 Democrats joined Republicans in passing the CLARITY Act, but the Senate has yet to make measurable progress. Participants in the hearing included representatives from Nova Labs, Bullish, WisdomTree, and Coin Center. House Financial Services Committee Chairman French Hill noted that even with the GENIUS Act and dollar-backed stablecoin laws in place, without a market structure bill, the digital asset ecosystem still lacks the rule system needed to support its operation. Senator Cynthia Lummis said on July 14 that the Senate version of the CLARITY Act is ready, and the text of the bill will be released within days.
According to TechFlow Research, Goldman Sachs' July 16 energy storage report pointed out that electricity demand from data centers is surging, traditional grid expansion requires four to eight years, and energy storage has become the fastest solution with a 12 to 18-month deployment cycle. Goldman Sachs estimates that by 2030, behind-the-meter energy storage opportunities in the US will bring about 50GWh of increment, plus 11GWh from 800V DC data centers, total US energy storage deployment will reach 172GWh, significantly upwardly revised from the previous 112GWh. Globally, annual energy storage installations are expected to reach 2100GWh by 2040. Goldman Sachs believes energy storage is transitioning from renewable energy supporting equipment to a necessity for AI infrastructure, which will change the industry valuation logic. In terms of targets, FLNC (Buy) secured exclusive battery partner qualification for Nvidia DSX Vera Rubin, data center pipeline projects reached 12GW, up 30% sequentially; CATL (Buy) has about 30% global energy storage market share, already used in Shanghai SenseTime data center; Tesla (Neutral) 2025 energy storage deployment 46.7GWh, energy business 2028 estimated revenue 29 billion USD; Energy Vault (Neutral) received 6x EV/EBITDA valuation; LGES (Buy) North America ESS capacity expected to reach 50GWh by end of 2026. Canadian Solar, Ford, Samsung SDI, Shoals, Sungrow are also worth watching. Goldman Sachs emphasizes the need to distinguish those with real order support
The Crypto Innovation Council (CCI) announced that Etherealize, Hyperliquid Policy Center, and Tools for Humanity (TFH) have officially joined. CCI stated that the new members will enhance its technical expertise in the fields of on-chain finance, institutional finance, and digital identity to better support policy making.
: Initiated by the Bulk Commodity Warehouse Receipt Registration Center, the "Cangdeng Chain" based on the national blockchain network "Hangmao Chain" has been launched, and Shanghai has implemented the first batch of non-ferrous metal blockchain digital warehouse receipt business. The warehouse receipts were issued by CMST Development's global futures delivery business headquarters, completing a full lifecycle "on-chain"闭环 of issuance, registration, and cancellation. (Pudong Release)
Odaily News: U.S. Senator Ron Wyden has sent a letter to Senate Majority Leader John Thune and Senate Minority Leader Chuck Schumer, urging that any version of the "Digital Asset Market Clarity Act" considered by the Senate retain Section 604 to protect non-custodial blockchain developers who do not control user assets. Ron Wyden stated that developers should not be considered money transmitters simply because they create or publish software that allows users to manage their own digital assets. Coin Center Executive Director Peter Van Valkenburgh, the DeFi Education Fund, and Galaxy Digital Head of Research Alex Thorn have expressed support for this stance. Alex Thorn also noted that supporting developer protections does not mean Ron Wyden will endorse the entire CLARITY Act. Ron Wyden further stated that the provision does not protect developers involved in illegal activities and can direct law enforcement resources toward criminals and unlicensed money transmission businesses, rather than neutral software developers. (Bitcoin.com News).
Bybit’s Baskets Bot Center has been launched, allowing users to browse a curated selection of recommended portfolio strategies and configure a one-stop portfolio management setup with a single click.Whether users aim to diversify their crypto asset holdings through Crypto Baskets or enter the TradFi market with TradFi Baskets, the Baskets Bot Center makes it easier than ever to discover, deploy, and manage portfolio strategies.Baskets Bot Types:- Crypto Baskets: Build a diversified cryptocurrency portfolio with a single bot, enabling automated rebalancing across multiple crypto assets.- TradFi Baskets: Effortlessly enter traditional financial markets with automated portfolios covering stocks, indices, gold, forex, and more.No complex setup required—users simply select a strategy that matches their investment preferences to set up a bot with one click, making automated trading accessible.Additionally, Bybit is launching limited-time campaigns, trading challenges, and exclusive rewards designed specifically for Baskets Bot users.
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AI data center Crusoe Energy Systems is in talks for a new round of financing worth approximately $3 billion. Upon completion of this round, the company's valuation is expected to roughly triple from the previous round, reaching the $30 billion range.Founded in 2018, Crusoe initially started with crypto-related businesses before transitioning into an AI infrastructure and data center service provider. It is currently categorized as one of the "neocloud" firms, a new type of cloud computing company focused on providing computational power support for generative AI. The company has signed compute supply contracts with tech giants including Meta and Oracle. As demand for AI infrastructure construction surges, the scale of its compute business continues to expand.According to previously public information, Crusoe completed a funding round of approximately $1.38 billion last year, with a valuation exceeding $10 billion. If this new round is successfully completed, it would become another large-scale capital move in the AI infrastructure sector.Market sources estimate that the final valuation for this round could be around the $30 billion level, but the deal is still in progress and has not yet been finalized. (Reuters)
Cisco announced the launch of its data center network architecture, Cisco Nexus One, positioned as an open network architecture designed for AI workloads and next-generation security threats, aimed at upgrading its long-evolving ACI system.Cisco stated that Nexus One will integrate into the unified Cisco Cloud Control platform, designed to enhance architectural flexibility, openness, and scalability while maintaining backward compatibility with existing systems. However, Nexus One is not a single product but an "architectural evolution" similar to ACI, shifting the focus from early-stage innovation to standardization and cross-ecosystem interoperability, in order to meet the complex network demands of the AI/ML era.
Helix Infrastructure Partners, an AI infrastructure company backed by private equity giant KKR, has officially entered the AI data center investment sector. The company plans to accelerate the provision of customized computing facilities for hyperscale cloud providers by acquiring existing data center developers.Helix is led by former Amazon Web Services executive Adam Selipsky and has received support from industry capital including Nvidia. The goal is to rapidly acquire mature assets rather than building data centers from scratch, amid persistently high demand for AI computing power.It is reported that the company is evaluating the acquisition of data center enterprises specializing in developing customized facilities for large cloud clients, aiming to alleviate the current market’s “data center supply bottleneck” and accelerate the pace of AI infrastructure deployment. Analysts point out that under the dual constraints of surging AI computing demand and tight power resources, private capital is accelerating its involvement in data center asset consolidation, driving a shift in AI infrastructure from a development-driven model to a merger and acquisition-driven one. (The Information)
Reflection AI, a startup building an open-source AI model network, has signed a data center cabinet lease agreement with SpaceX, with a contract scale of $6 billion. Reflection AI is valued at $25 billion. Following agreements with Anthropic and Google, SpaceX signed the contract with Reflection AI, effective from July 1 to the end of 2029, with an expected monthly revenue of $150 million. Both parties can terminate the contract with 90 days' notice after the initial three-month period. Reflection AI, backed by Nvidia, stated that additional computing resources will provide a foundation for building large-scale open-source models. SpaceX has also recently agreed to acquire AI coding company Cursor in a $60 billion all-stock swap transaction.
the AI boom has led to a surge in electricity demand from data centers across the United States, causing electricity prices to continue rising in many areas and prompting power outage warnings in some regions. To alleviate the power supply dilemma, the U.S. Federal Energy Regulatory Commission on the 18th required regional grid operators to consider new agreements to expedite the grid connection process for large electricity consumers like data centers. The commission also stated that it will no longer proactively consider environmental impacts under the U.S. National Environmental Policy Act when formulating rules going forward.According to data from the Data Center Map website, there are currently over 4,000 operational data centers in the U.S., with a vast number more in the planning or construction phase. However, the pace of data center construction far outstrips the speed at which new power plants can be brought online, compounded by slow grid interconnection timelines. As a result, major tech giants across the country are scrambling to secure electricity quotas for their facilities. Statistics from the Electric Power Research Institute indicate that data centers currently consume about 5% of total U.S. electricity demand, a share that could rise to approximately 20% by 2035. (CCTV Finance)
According to GlobeNewswire, Bitcoin mining company DMG Blockchain Solutions announced that it mined 22 BTC in May, bringing its total Bitcoin holdings to 393 BTC. Additionally, the company disclosed that it has signed a data center托管 agreement, which is expected to become operational within this year to support sovereign AI computing requirements for government and enterprise clients at higher security levels.
according to the "Web3 New Generation Talent Insight Report" released by Bitget, the core challenge facing the industry is not a talent shortage, but a mismatch between recruitment barriers and employment pathways. Data from multi-region surveys based on the Blockchain4Youth (B4Y) initiative shows that 54% of respondents consider the "previous experience" required for entry-level positions as the biggest obstacle to entering the industry, while 52% pointed out a lack of practical skills in school education.From a geographical distribution and trend perspective, Web3 continues to attract highly educated talent and talent from emerging markets. Nearly 46% of respondents are between the ages of 23 and 30, and over 58% hold a bachelor's, master's, or doctoral degree. In terms of career preferences, 61% of respondents see "AI and blockchain integration" as the most desirable career path, while another 62% believe that guidance from seasoned industry professionals is most helpful in accelerating career development.Currently, the Blockchain4Youth Learning Center has registered over 10,000 students. Those who complete the courses can receive certificates and job opportunities. By bridging the gap from learning to career pathways, the initiative provides talent support for the next phase of industry growth.
The Digital RMB International Operations Center announced that, with the adjustment of the Digital RMB measurement framework and the overall upgrade of its infrastructure system architecture, the three major business platforms—the Digital RMB cross-border digital payment platform, blockchain service platform, and digital asset platform—have been upgraded to the “Shu Bi Da” Cross-border Settlement Integrated Service Platform (Cross-border e-CNY Transfer Services, abbreviated as CBETS). It has already signed direct participant service agreements with the first batch of 26 financial institutions.
IREN, an AI infrastructure company transformed from a Bitcoin mining firm, has announced the acquisition of Spanish AI data center developer Ingenostrum, S.L., also known as the Nostrum Group, officially entering the European market.The transaction adds approximately 490 megawatts of secured, grid-connected power resources for IREN and brings a pipeline of AI data center development projects in Spain. The Nostrum team comprises over 50 employees covering development, engineering, construction, and operations.IREN stated that Europe is one of the largest and fastest-growing AI infrastructure markets globally, and Spain, with its abundant renewable energy and strong fiber-optic connectivity, serves as a key gateway to enter the European market.This acquisition is also the latest move in IREN's transformation from a pure Bitcoin mining company into a global provider of AI and high-performance computing infrastructure. This follows IREN's recent announcement to build an 800-megawatt data center campus in South Australia, as well as signing a multi-billion dollar AI cloud agreement with Microsoft and establishing a partnership with Nvidia. Following the news, IREN's stock price rose nearly 4% on Monday to approximately $62.