New York Data Center Intel

Recent New York data center news

• Nov 6, 2025

  Soluna Announces Monthly Business Update

  Soluna Holdings, Inc. announced October 2025 project site-level operations, developments, and updates.

  • Main announcement & corporate highlights: Soluna disclosed a new 3.3 MW hosting partnership with KULR Technology Group at Project Sophie, highlighted a $100M credit facility referenced with Generate Capital to accelerate renewable-powered computing, announced the appointment of Agnes Budzyn to the Board, and promoted media/features and content (podcast, blogs, AMA). Key timelines: one 3.3 MW deployment completed end of October, second 3.3 MW expected beginning of November.
  • Project and implementation details: Construction and deployment milestones include Project Dorothy 2 substantial Phase 3 completion with full construction on track for mid-November, a 20 MW Canaan deployment expected in January, Project Kati 1 substation upgrade completed for full 83 MW with Phase K1A 48 MW Galaxy and Phase K1B 35 MW long-lead equipment staged, Project Kati 2 signed an MOU with an HPC partner with design/engineering expected to begin in Q4 and 50 acres of land acquired, and Project Grace completed concept microgrid design and signed an MOU to address “power demand fluctuations that cause grid instability”. PPAs and REP agreements are being finalized for Ellen and Hedy; work on PPAs continues for Annie, Gladys, Rosa, and Fei.
• Nov 6, 2025

  NRG Energy, Inc. Reports Third Quarter Results, Reaffirms 2025 Financial Guidance, and Initiates 2026 Standalone Guidance

  NRG Energy, Inc. announced third quarter 2025 financial results and updated guidance and capital allocation plans.

  • Main announcement: NRG reported GAAP Net Income of $152 million for Q3 2025 and strong non-GAAP results including Adjusted Net Income $537 million, Adjusted EBITDA $1,205 million, and FCFbG $828 million; the company reaffirmed and raised 2025 guidance ranges (Adjusted Net Income $1,470–$1,590M; Adjusted EPS $7.55–$8.15; Adjusted EBITDA $3,875–$4,025M; FCFbG $2,100–$2,250M). The press release also initiated 2026 standalone guidance (Adjusted EBITDA $3,925–$4,175M) and confirmed the planned acquisition of LS Power’s Premier Power Portfolio (13 GW + 6 GW VPP) expected to close Q1 2026.
  • Background and details:Capital allocation includes returning $1.3 billion to shareholders via share repurchases and ~$345 million via dividends in 2025 (through Oct. 31: $1.1B repurchased, $258M distributed); on Oct 8, 2025 NRG closed a $4.9 billion senior notes issuance to fund the cash portion of the LS Power acquisition and repay Senior Secured Notes. Other items: $562M TEF loan at 3% to support development of the 689 MW (721 MW nameplate) Cedar Bayou facility (initial disbursement Sept 2025; commercial operations projected mid-2028). Conference call: Nov 6, 2025, 9:00 a.m. Eastern (8:00 a.m. Central) — live webcast via investors.nrg.com (archived on site).
• Nov 6, 2025

  Cipher Mining Inc. Announces Pricing of $1.4 Billion of Senior Secured Notes

  Cipher Mining priced a $1.4 billion debt offering to fund part of a new data center construction.

  • Main announcement: Cipher Mining’s wholly-owned subsidiary Cipher Compute LLChas priced a $1.4 billion offering of 7.125% senior secured notes due 2030, priced at par, to finance a portion of the construction cost of the Barber Lake Facility, a high-performance computing data center near Colorado City, Texas; the Offering is expected to close on November 13, 2025, subject to market and other conditions.
  • Background and deal structure: The Notes will be sold in a Rule 144A private placement to qualified institutional buyers, will be fully and unconditionally guaranteed by Cipher Barber Lake LLC, and secured by first-priority liens on substantially all Issuer and Guarantor assets, equity interests held by Cipher Songbird LLC, a potential lockbox account of Fluidstack USA II Inc., and (prior to facility completion) a pledge by Google LLC of warrants to purchase Cipher common stock; Cipher will provide a completion guarantee to fund the Issuer if proceeds are insufficient.
• Nov 4, 2025

  Power, Proximity, Policy: The Legal Landscape of Siting Data Centers Near Natural Gas Resources

  Michelman Robinson partners Warren Koshofer and Seth Leibenstein analyze the legal and regulatory considerations for siting data centers near U.S. natural gas resources.

  • Main announcement/action: The article provides a legal and practical guide on siting data centers adjacent to natural gas infrastructure, noting concrete facts such as data center loads often exceeding 100 megawatts per site and that natural gas supplies more than 40% of U.S. electricity. It identifies regional hubs (Texas/Permian Basin; Appalachian Basin — Marcellus & Utica; Midcontinent/Great Plains; Rockies — DJ and Powder River basins; Gulf South — Louisiana & Mississippi) and highlights relevant regulators like ERCOT and FERC, plus contractual vehicles such as PPAs and gas tolling arrangements.
  • Background and details: The piece outlines regulatory and compliance requirements (Clean Air Act permitting, Section 401 water quality certifications, state environmental reviews), flags evolving ESG and carbon disclosure pressures (SEC proposals, IRA incentives), and lists states considering restrictions on fossil-fueled generation for new data centers (Oregon, Virginia, Illinois). Contact details for the authors are provided: Warren Koshofer (212-730-7700; wkoshofer@mrllp.com) and Seth Leibenstein (212-730-7700; sliebenstein@mrllp.com).
• Nov 4, 2025

  Hadron Energy Advances its Regulatory Readiness Ahead of $1.2Bn Merger

  Hadron Energy, Inc. announces regulatory progress with the U.S. Nuclear Regulatory Commission (NRC) while preparing for a $1.2Bn SPAC merger with GigCapital7 Corp.

  • Primary action: Hadron submitted a Letter of Intent and an initial Regulatory Engagement Plan (REP) in April 2025, has filed its Quality Assurance Program Description (QAPD), and will soon file its Topical Report on Principal Design Criteria (PDC); the company also participated in NRC stakeholder meetings including Dec 2024 and Jul 17-18, 2025, where it publicly supported a more restrictive safety framework for microreactors that it states its Halo MMR will meet.
  • Background & partnerships: Hadron is pursuing a $1.2Bn SPAC merger with GigCapital7 Corp., is engaging with the U.S. Department of Energy (DOE) (including the Janus Project for MMR readiness on military bases), and emphasizes a front-loaded regulatory strategy to support rapid commercialization of its transportable 10 MW Halo MMR.
• Nov 4, 2025

  Hadron Energy Advances its Regulatory Readiness Ahead of $1.2Bn Merger

  Hadron Energy, Inc. is announcing proactive regulatory engagement with the U.S. Nuclear Regulatory Commission while approaching a $1.2Bn SPAC merger with GigCapital7 Corp.

  • Main announcement/action: Hadron is advancing a front-loaded regulatory strategy with the U.S. Nuclear Regulatory Commission (NRC) while preparing for a $1.2Bn SPAC merger with GigCapital7 Corp.; key steps include attendance at NRC stakeholder meetings (first in December 2024, ongoing public meetings, and specifically July 17-18, 2025), submission of a Letter of Intent and initial Regulatory Engagement Plan (REP) in April 2025, filing of its Quality Assurance Program Description (QAPD), and an imminent filing of the Topical Report on Principal Design Criteria (PDC).
  • Background and other details: Hadron’s product, the Halo MMR, is designed to deliver 10 MW and is transportable in a shipping container; the company has also engaged with the Department of Energy (DOE) including the Janus Project (DOE initiative for MMR readiness at U.S. military bases), and reports continuing work despite a federal government shutdown to meet corporate regulatory timelines.
• Nov 3, 2025

  Cipher Mining Provides Third Quarter 2025 Business Update

  Cipher Mining announced two major corporate developments: a ~ $5.5 billion, 15-year campus lease with Amazon Web Services for AI hosting and majority ownership in a joint venture to develop a 1-GW HPC site in West Texas (Colchis).

  • Main announcement — AWS lease and AI capacity: Cipher executed an approximately $5.5 billion, 15-year lease with Amazon Web Services to provide turnkey space and power for AI workloads, committing to 300 MW of capacity in 2026 delivered in two phases (expected to begin July 2026 and complete in Q4 2026) with rent commencing August 2026; the company also states AI hosting contracts represent ~ $8.5 billion in lease payments.
  • Background and additional details: Cipher secured ~95% ownership in a joint venture to develop a 1-GW site called Colchis in West Texas, including a fully executed 1-GW Direct Connect Agreement with American Electric Power (AEP) (AEP to build dual interconnection facility targeting energization in 2028 while ERCOT completes final review); Cipher also completed a $1.3 billion convertible note offering and reports Q3 2025 revenue of $72 million and Non-GAAP Adjusted Earnings of $41 million.
• Nov 3, 2025

  Milbank Cements Market Leadership with Over $125B in AI Infrastructure Deals and Launch of Digital Infrastructure Group

  Milbank LLP has announced the creation of a multidisciplinary Digital Infrastructure Practice Group to support clients across the AI value chain, led by partners Dan Bartfeld, Erwin Dweck and Jaime Ramirez.

  • Practice launch & focus: The new group is a formal, cross-disciplinary practice combining energy, infrastructure, finance and real estate expertise to serve the full digital ecosystem (GPUs/compute accelerators, data centers, fiber, towers, powered land and power solutions). The team led over $125 billion of digital-related transactions in 2025 and will span Milbank offices across the Americas, Europe and Asia.
  • Background & recent deals: Milbank’s cross-practice team recently advised on a $27 billion Meta data-center financing (advising Morgan Stanley), Brookfield’s up to $5 billion strategic partnership with Bloom Energy, the consortium acquisition of Aligned Data Centers (Wren House), Nscale’s $1.1 billion Series B, and financings totaling over $9.5 billion for Switch. These are presented as representative, verifiable transactions the group has worked on.
• Oct 29, 2025

  Beyond compute: Infrastructure that powers and cools AI data centers

  McKinsey & Company projects AI-driven demand for data centers and the related capital and design implications.

  • Main announcement/action: McKinsey & Company reports that AI-driven demand will expand data center capacity to 220 gigawatts by 2030 (a CAGR of 22%) and estimates $6.7 trillion in cumulative capital outlays worldwide by 2030 to meet compute demand; the report focuses on advances in power and cooling equipment and the need for codesigned systems.
  • Background and details: The article emphasizes that power, cooling, and IT components must be codesigned, highlights opportunities for equipment manufacturers to pursue vertical integration and provide end-to-end services (repair, maintenance, commissioning), and notes time to market as a key buying preference for data center operators.
• Oct 22, 2025

  GE Vernova Sees Gas Turbine Sales to Hyperscalers Surging

  GE Vernova said hyperscalers are taking a rising share of its gas turbine reservations and confirmed it agreed to buy the remaining 50% stake in transformer-maker Prolec GE for around $5.3 billion.

  • Market shift and order mix: GE Vernova reported ~90% of current turbine orders go to traditional customers and ~10% to hyperscalers, while paid reservations are about one-third for hyperscalers; turbines mostly sold out through 2028, the company is primarily taking 2029 orders now, and gas power backlog and reservations grew to 62 GW from 55 GW.
  • Financials and deal specifics: The company agreed to buy 50% of Prolec GE for around $5.3 billion; reported power business orders +50% to $7.8 billion YoY and electrification orders +102% to $5.1 billion, and said many transformer 2027 slots have been sold.