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AI data center costs are rising. Cipher, Riot and Hut 8 reveal how construction risks and tighter credit are reshaping the economics of miners’ AI expansion. ...
Riot Platforms confirmed the full commitment of its 332-acre Corsicana site to a Frontier AI Lab under a triple-net lease structure. The 910-megawatt (MW) agreement is set for an initial 15-year term, with Riot anticipating average yearly rental income of $1.8 billion. Should the tenant exercise two available five-year extensions, the total revenue from the contract could climb to $54 billion.
In a move to advance their corporate combination, NextEra Energy and Dominion Energy have formally responded to the Virginia State Corporation Commission (SCC) regarding the proposed merger. The companies disclosed that they have agreed to 101 conditions exactly as drafted by SCC staff and the Office of the Attorney General's Division of Consumer Counsel. Furthermore, they have accepted another 13 conditions with specific enhancements, leaving only three items from the original list of 117 regulatory provisions subject to alternative proposals.
The recently acquired properties, designated NC-2 and NC-3, include 500,000 square feet of warehouse space located approximately 55 miles from WhiteFiber's Madison-based NC-1 campus. The company plans to begin with an initial 60 megawatts (MW) of utility capacity, with the long-term goal of scaling to 200 MW by 2033, depending on grid availability. To manage overhead during the transition, the seller will remain on-site under a partial leaseback agreement.
NextEra Energy, Inc. and Dominion Energy, Inc. have formally responded to regulatory challenges regarding their proposed merger, according to a Form 425 filed with the Securities and Exchange Commission on November 3, 2026. The filing includes rebuttal testimony from top executives, including Dominion CEO Robert M. Blue and NextEra CEO John W. Ketchum, submitted to the Virginia State Corporation Commission (SCC) in Case No. PUR-2026-00112.
In a significant step toward finalizing their merger, NextEra Energy and Dominion Energy have formally integrated the majority of recommendations from Virginia regulators into their proposal. According to a November 3 filing with the State Corporation Commission (SCC), the utility companies have adopted 101 conditions originally requested by commission staff and the Office of the Attorney General's Division of Consumer Counsel. An additional 13 conditions were accepted with specific modifications designed to enhance consumer protections.
TransAlta Corp. filed a form 6-K on Nov. 3, 2026, detailing financial and operational results for the three and nine months ended Sept. 30. Despite the revenue decline, net earnings attributable to common shareholders reached $63 million, compared to a net loss of $62 million in the prior-year period.
TransAlta Corporation disclosed its third-quarter 2026 financial results through a Form 6-K filing with the U.S. Securities and Exchange Commission on November 3, 2026. The Calgary-based power generator reported net earnings attributable to common shareholders of $63 million, or $0.20 per share. This compares to a net loss of $0.20 per share in the third quarter of 2025.
NextEra Energy, Inc. (NYSE: NEE) and Dominion Energy, Inc. (NYSE: D) have formally updated their merger proposal through rebuttal testimony submitted to the Virginia State Corporation Commission (SCC). The new filings include additional customer and financial safeguards intended to address concerns raised by SCC staff and the Office of the Attorney General's Division of Consumer Counsel.