Fermi, a Texas company co-founded by Rick Perry, plans to build four AP1000 nuclear reactors in Amarillo, creating an 11 GW “hypergrid” with nuclear, gas, and renewable energy. The project, near the Pantex nuclear weapons plant, is in talks with Big Tech “hyperscalers” for leasing agreements. Named the Donald J. Trump Generating Plant, it seeks financing from DOE loans, equity, bonds, and tax credits. https://www.reuters.com/sustainability/climate-energy/texas-project-build-four-nuclear-plants-is-talks-with-hyperscalers-2025-07-08/

Elon Musk’s xAI plans to power a new U.S. data center with a million AI GPUs, consuming up to 2 GW, equivalent to 1.9 million homes. To meet this demand, xAI is reportedly buying an overseas power plant and shipping it to the U.S. The current Colossus supercomputer in Memphis, with 200,000 Nvidia GPUs, already uses 300 MW. The new facility will require 1.4–1.96 GW, including overhead. Natural gas turbines are likely, as solar and nuclear options are less feasible. This move underscores the massive energy needs of advanced AI.

Tom

Elon Musk confirms xAI is buying an overseas power plant and shipping the whole thing to the U.S. to power its new data center — 1 million AI GPUs and up to 2 Gigawatts of power under one roof, equivalent to powering 1.9 million homes

Premises already acquired.

IREN Limited achieves 50 EH/s Bitcoin mining capacity, becoming a global leader in efficient mining. The milestone, driven by its 750MW Childress site, supports low-cost production and plans for AI infrastructure growth. Full details: https://irisenergy.gcs-web.com/static-files/fb4a46d1-5815-423e-a379-9e997bba3be6

Lingerie Fighting Championships (BOTY) plans to buy $2M in bitcoin for its treasury, starting with $230K within 30 days, ahead of UK expansion. Shows in London and Cardiff are set for July. CEO sees bitcoin’s growth potential.

Lingerie Fighting Championships to Add $2M in Bitcoin to Treasury Ahead of Expansion to UK

Growing data center power demand is shifting Permian Basin natural gas pipelines westward, with Kinder Morgan’s proposed Bullet Pipeline aiming to deliver gas to the Desert Southwest. The project could supply 1.1 Bcf/d to support 7 GW of data center capacity, driven by developments like Tract’s 2.4 GW Buckeye campus in Arizona.

Midland Reporter-Telegram

Data centers drive new Permian Basin natural gas pipeline routes

Growing data center demand may reroute Permian natural gas to the Desert Southwest

Crusoe and Redwood Materials launch North America’s largest microgrid, powered by solar and repurposed EV batteries, to support scalable, off-grid AI data centers. The 12 MW, 63 MWh system, the world’s largest second-life battery deployment, powers Crusoe’s modular Crusoe Spark AI data centers, enabling rapid, sustainable AI infrastructure deployment.

Crusoe and Redwood Materials unveil world’s largest second-life battery deployment, powering the future of AI, with repurposed EV batteries

Crusoe and Redwood Materials have partnered to unveil the world's largest second-life battery deployment, using repurposed EV batteries to power mo...

Texas Senate Bill 6 authorizes the grid operator to disconnect data centers during power crises to stabilize the grid. It also establishes a voluntary demand response program for data centers to reduce usage when needed. https://www.utilitydive.com/news/texas-law-gives-grid-operator-power-to-disconnect-data-centers-during-crisi/751587/

Texas data center power demand is projected to surge from 4.71 GW in 2025 to 12.12 GW by 2030, a 7.41 GW increase, driven by hyperscale and AI facilities. This conservative estimate, based on 70% of announced projects being built, could rise to 15 GW if all projects are completed. Aterio’s forecast uses permits, satellite imagery, and utility filings to track 4,300+ U.S. data centers, aiding grid planners, utilities, and AI teams. https://www.aterio.io/blog/how-much-power-will-data-centers-in-texas-need-by-2030

Data centers in Texas, initially focused on renewable energy, are now building on-site gas-fired power plants to bypass the grid. Examples include the 990 MW Hays Energy Project and a planned 1,200 MW plant in Blue.

The Texas Tribune

Data centers are building their own gas power plants in Texas

Not long ago, developers of the massive server farms talked about powering them with wind and solar energy. Now they’re bypassing the grid and bu...

The University of Texas System, with a $47.5 billion endowment, is diversifying beyond oil and gas by leasing land for wind turbines, solar panels, and a crypto data center in the Permian Basin. While fossil fuels remain key, these new ventures in AI, renewables, and crypto aim to generate revenue for its students. https://www.bloomberg.com/news/features/2025-06-10/oil-rich-university-of-texas-wants-to-cash-in-on-ai-solar-wind-crypto?srnd=homepage-americas

Iren Childress Texas Horizon 1

Allied Energy Fuels the Future of Crypto with Groundbreaking Natural Gas Agreement $AGYP

The Manila Times

Allied Energy Fuels the Future of Crypto with Groundbreaking Natural Gas Agreement

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Bitcoin mining hardware market forecasted to reach 1.7 Billion globally by 2031 https://www.whatech.com/og/markets-research/it/931961-bitcoin-mining-hardware-market-forecasted-to-reach-1-7-billion-globally-by-2031-powering-the-future.html

HIVE Announces Quarterly Revenue of $29.2 Million, Adjusted EBITDA of $17.3 Million with an Increase in Bitcoin Holdings to 2,805

HIVE Digital Technologies Ltd

Global leaders in sustainable data center infrastructure.

BREAKING: Trump's '$500B Stargate' could supercharge the shift of bitcoin miners to AI HPC. Companies like $RIOT, $CORZ, $IREN, and $HUT are already on this path, utilizing their infrastructure for AI. This initiative, kicking off with $100B, promises 100K jobs and includes $MSFT, $NVDA, $ORCL, and $ARM. #Stargate #AI #BitcoinMiners

AP News

Trump highlights partnership investing $500 billion in AI

President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, ...