Story perspectives

Data Centers Shift Focus to AI, Project $500B Market

10/31/2025

Summary

Story summary

Applied Digital (APLD) and CoreWeave will expand data center capacity, with a projected $11 billion in lease revenues, signaling a shift from cryptocurrency to AI-focused operations.
IREN Limited (IREN) plans to install over 60,000 NVIDIA GPUs in British Columbia, targeting $500 million in AI Cloud annualized revenue by Q1 2026.
Despite bitcoin price volatility, both companies are positioned to benefit from the anticipated $500 billion global AI market by 2027.

History

Historical Context

The global AI market, valued at $62.35 billion in 2021, reflects a technological shift driven by advancements in deep learning and generative AI. Companies like NVIDIA saw a 61% revenue increase due to AI demand. This transition, alongside projections of a $500 billion market by 2027, highlights the significant impact of AI on data infrastructure and investment strategies across various sectors.

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Story summary

Applied Digital (APLD) and CoreWeave will expand data center capacity, with a projected $11 billion in lease revenues, signaling a shift from cryptocurrency to AI-focused operations.
IREN Limited (IREN) plans to install over 60,000 NVIDIA GPUs in British Columbia, targeting $500 million in AI Cloud annualized revenue by Q1 2026.
Despite bitcoin price volatility, both companies are positioned to benefit from the anticipated $500 billion global AI market by 2027.

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