The growing field of data center developers are catering to the tech industry’s ravenous demand for computing power to build better and more widely adopted AI systems. New faces are behind the mega-campuses being developed globally to power the artificial intelligence boom.

AirTrunk has been scaling up across the region. The Melbourne project follows the company’s announcement last week that it will invest up to $8 billion to build a 530-megawatt data center in Osaka over the next few years.

The shift has boosted miners’ stocks. The CoinShares Bitcoin Mining ETF has surged about 90% this year, a rally that has accelerated even as bitcoin erased its gains for 2025. The ETF holds shares of miners including Cipher Mining and IREN, both of which have surged following long-term deals with companies such as Amazon and Microsoft.

Google’s parent company, Alphabet, announced on Monday that it will acquire the data center and energy infrastructure company Intersect for

As data center demand surges, grid access—not land—is deciding which projects move forward, forcing builders to rethink power infrastructure, costs and schedules before construction begins.

"DTE models show that a new large data center will contribute approximately $300 million annually to improving DTE's electric grid/system, helping to reduce the total amount of future investment needed from residential customers," utility spokesman Ryan Lowry said in an email to media.

Longhorn Reels, a Texas-based manufacturer with over 46 years of experience in wire and cable handling solutions, has expanded its custom metal fabrication capabilities to serve the growing infrastructure needs of AI data centers and chip manufacturers.

Cities’ rush to capitalize on the AI boom means some projects are moving forward despite findings of negative impacts.

Alphabet agreed to acquire data centre energy group Intersect Power for close to $5bn, boosting the Google parent’s power generation as it races to develop cutting-edge artificial intelligence. The deal,