Tag: Pipeline transport

BusinessStartups

Core Scientific Stock Upgraded as Standalone Prospects Outweigh Acquisition Hopes

Investment firm Roth Capital Partners has upgraded Core Scientific to buy despite fading acquisition prospects. Analysts suggest the company’s standalone value lies in leasing its substantial power capacity for high-performance computing applications.

Analyst Upgrade Amid Shifting Acquisition Landscape

Roth Capital Partners has reportedly upgraded Core Scientific shares from neutral to buy, according to recent analyst reports, even as the potential acquisition by CoreWeave appears less likely. Analyst Darren Aftahi simultaneously raised his 12-month price target to $23.50 from $17, suggesting a potential 32% gain based on the company’s standalone prospects.

by Aaron Blake
FinanceSustainability

Switch Secures $659 Million Through Latest Green Bond Offering for Data Center Expansion

Data center operator Switch has reportedly raised $659 million through its fourth asset-backed securities offering, which qualifies as green bonds due to the company’s sustainable facilities. The funding will support expansion across five campuses serving hyperscale, enterprise, and AI customers. Sources indicate this brings Switch’s total ABS fundraising to $3.5 billion.

Major Funding for Sustainable Data Center Growth

Switch, the Las Vegas-based data center operator, has reportedly secured $659 million through its latest asset-backed securities offering, according to company announcements. This marks the fourth such financing round for the company, bringing its total ABS fundraising to approximately $3.5 billion. Industry analysts suggest this substantial capital injection demonstrates continued investor confidence in digital infrastructure despite broader market uncertainties.

by Aaron Blake
EnergyLegal

Polish Court Denies German Extradition Request in Nord Stream Pipeline Sabotage Case

A Polish court has rejected Germany’s extradition request for a Ukrainian national suspected of involvement in the Nord Stream pipeline sabotage. The ruling highlights growing tensions between European allies over how to handle the aftermath of the 2022 explosions that damaged critical energy infrastructure.

Court Rejects Extradition Citing Insufficient Evidence

A Polish court has blocked Germany‘s request to extradite a Ukrainian suspect in the Nord Stream pipeline sabotage case, according to reports from Warsaw. The judge ruled Friday that German authorities had provided insufficient evidence to justify the extradition of the suspect, identified as Volodymyr Z, who was detained in Poland last month under a European arrest warrant.

by Aaron Blake
EnergyInfrastructure

Fermi Secures Natural Gas Pipeline for 11GW Texas Data Center Project

Fermi America has secured a natural gas pipeline connection with Energy Transfer for its massive 11GW data center project in Amarillo, Texas. The agreement supports the company’s plan to power AI data centers through multiple energy sources, including nuclear reactors and renewable options.

Fermi America has secured a crucial natural gas pipeline connection with Energy Transfer to power its proposed 11-gigawatt data center campus in Amarillo, Texas, marking another significant step in developing one of the world’s largest computing facilities. The agreement, scheduled for completion in Q1 2026, will provide the initial energy infrastructure needed to support the company’s ambitious data center development plans while requiring minimal capital investment from Fermi.

Energy Infrastructure Partnership Details

by Aaron Blake