France is taking a closer look at Bitcoin mining as a potential solution for managing its large-scale electricity system. A group of lawmakers has proposed a legislative amendment […]
U.S. Stock Market Experiences Weekly Slump, But Defense & Energy Sectors Shine
The U.S. stock market witnessed a decline during the week, with major indices registering losses as reported by PANews. The Dow Jones Industrial Average dropped 1.79% on Friday […]
Oil Markets Surge Following Israel-Iran Conflict
Oil prices experienced their sharpest surge in nearly three years, rising over 6% after Israel launched a significant attack on Iranian nuclear facilities. Brent crude futures jumped $4.60 […]
Citi Downgrades Constellation Brands Following Meta Deal
Citi has downgraded Constellation Energy (CEG) from Buy to Neutral following the signing of a power purchase agreement with Meta on June 5th. The firm cites limited near-term […]
Meta Secures Long-Term Power Supply from Illinois Nuclear Plant for AI Growth
Tech giant Meta has secured a major energy deal, signing a 20-year agreement with Constellation to power its artificial intelligence and data center operations using electricity generated by […]
Meta Secures Nuclear Power for AI Infrastructure, Boosts Jobs in Illinois
Tech giant Meta has signed a long-term agreement with Constellation to acquire 1.1 gigawatts of energy from the Clinton Clean Energy Center in Illinois. This deal begins in […]
Constellation Energy Stock Soars 10% as AI Demand Fuels Power Surge
Constellation Energy’s shares soared by 10% this week, driven by the burgeoning demand for electricity powering artificial intelligence (AI) projects. CEO Joe Dominguez spearheaded strategic initiatives that fueled […]
Bolivia Bans Cryptocurrency Use for Energy Payments, Citing Market Concerns
Bolivia has implemented a ban on using cryptocurrency for energy payments, citing market uncertainties and concerns about the potential volatility of cryptocurrencies. The executive order prohibits YPFB, the […]
Russia Seeks to Monetize Excess Energy for Crypto Mining
As Europe cuts off its energy reliance on Russia, the nation is exploring a novel solution: repurposing surplus natural gas to fuel crypto mining operations. Russian officials propose […]
AI’s Growing Power Consumption Threatens Data Center Infrastructure
The explosive growth of AI is straining data centers, with projections showing that they could consume half of all energy by 2025. This rising demand creates serious infrastructure […]
AI-Powered Data Centers to Surge Energy Demand by 2030: IEA Warns
The International Energy Agency (IEA) has warned tech giants like Google, Amazon, and Microsoft that AI workloads are set to dominate data center energy use, potentially doubling consumption […]
Russia Aims to Shift Crypto Mining to Northern Regions
Russia is exploring a strategic shift in its approach to cryptocurrency mining. Deputy Energy Minister Yevgeny Grabchak has revealed plans to potentially relocate miners to northern regions with […]
Kazakhstan Proposes ’70/30′ Model for Crypto Mining to Modernize Energy Sector
Kazakhstan is embracing a bold strategy to modernize its energy system by leveraging cryptocurrency mining and expanding digital trading beyond the Astana International Financial Centre (AIFC). This initiative, […]
Tron Energy Demand Drives Infrastructure Upkeep
The surging popularity of Tron (TRX) has fueled a demand surge, impacting on-chain transaction costs and driving increased energy purchases for smooth operations. CatFee, a platform specializing in […]
NRG Energy Delivers Strong Q1 Earnings, Reaffirms 2025 Guidance
NRG Energy (NYSE: NRG) has exceeded expectations in its first quarter of 2025, reporting impressive financial results and reaffirming its guidance for the year. The company’s strategic acquisitions […]