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TeraWulf stock jumps more than 10% as Google boosts stake in datacenter operator

TeraWulf stock rallied more than 10% after Google hiked its stake in the bitcoin miner and datacenter operator as it funds an expansion of its Lake Mariner, New York, facility. As part of the deal, Google will offer up to $1.4 billion in additional backstop, bringing its total to about $3.2 billion. It hikes Google's stake in TeraWulf to 14% from 8% and enables the company to buy about 32.5 million shares of the company's stock. CEO Paul Prager said in a release that the agreement solidifies t

Nvidia addresses AI chip smuggling, says bootleg datacenters are a 'losing proposition'

Jensen Huang, chief executive officer of Nvidia Corp., speaks to members of the media in Beijing, China, on Wednesday, July 16, 2025. Nvidia said Thursday that datacenters built with smuggled chips are a "losing proposition" and that it does not support unauthorized products. The statement came in response to a Financial Times report that at least $1 billion worth of its artificial intelligence chips illegally entered China. "Trying to cobble together datacenters from smuggled products is a l

The Great Unracking: Saying goodbye to the servers at our physical datacenter

Since October 2010, all Stack Exchange sites have run on physical hardware in a datacenter in New York City (well, New Jersey). These have had a warm spot in our history and our hearts. When I first joined the company and worked out of the NYC office, I saw the original server mounted on a wall with a laudatory plaque like a beloved pet. Over the years, we’ve shared glamor shots of our server racks and info about updating them. For almost our entire 16-year existence, the SRE team has managed a

AI capex is so big that it's affecting economic statistics

AI capex is so big that it's affecting economic statistics, boosting the economy, and beginning to approach the railroad boom As ever, here is what's ahead: Updates on prior pieces My most recent Rough Notes essay A few things worth reading I previously wrote about the perils of building renovation as a Fed chair, especially given an administration bent on finding a reason to fire you "for cause." As anyone who has renovated anything larger than a dog house knows, no one thinks what you spent

AI CapEx Is Eating the Economy

AI capex is so big that it's affecting economic statistics, boosting the economy, and beginning to approach the railroad boom As ever, here is what's ahead: Updates on prior pieces My most recent Rough Notes essay A few things worth reading I previously wrote about the perils of building renovation as a Fed chair, especially given an administration bent on finding a reason to fire you "for cause." As anyone who has renovated anything larger than a dog house knows, no one thinks what you spent