Over the past two years, its data center revenue has gone from $4.3 billion in the fiscal first quarter of 2024 (ended April 30, 2023) to $39.1 billion in fiscal Q1 of 2026 (ended April 27, 2025).

Illinois lawmakers eye remedy for soaring electric bills As electricity costs climb, legislators push a plan to speed up solar and wind projects, end a moratorium on new nuclear plants and promote ...

Higher risk, lower growth, and declining investment is how the UN’s trade agency, UNCTAD, sums up the global economic outlook ...

C3.ai is still struggling to prove its business model is sustainable. Applied Digital’s data center business could grow rapidly as the AI market expands. DigitalOcean's flexible pricing plans ...

Higher risk, lower growth, and declining investment is how the UN’s trade agency, UNCTAD, sums up the global economic outlook ...

Higher risk, lower growth, and declining investment is how the UN’s trade agency, UNCTAD, sums up the global economic outlook in an annual report.

If state regulators allow utilities to follow the standard approach of splitting the costs of new infrastructure among all consumers, the public will end up paying for data centers’ power.

The cost for the power Virginia’s booming data center businesses use is on track to shift in a big way to other ratepayers, a legislative watchdog says. Helped by a nearly $1 billion tax break ...

But lawmakers also gave Big Tech a win, extending the expiration of the state’s sales tax break for data centers on purchases of computers, servers, software and cooling and energy equipment.

How your electric bill may be paying for big data centers’ energy use By Ari Peskoe , Harvard University June 5, 2025 Ari Peskoe , Harvard University and Eliza Martin , Harvard University ...

Activity in state legislatures — and competition for data centers — has been brisk in recent months, amid an intensifying buildout of the energy-hungry data centers.