Riot Platforms, a bitcoin miner, signed a 20-year, $9.1B lease putting 191 megawatts of its Rockdale, Texas campus behind Anthropic's compute needs — a deal that could reach $16.1B with extensions and sent Riot shares up as much as 25%. The scarce input here is not chips or capital but grid-connected power. Rockdale already carries the interconnection, land, and cooling a greenfield site would take years to secure. That is why a miner's stranded megawatts now price like a frontier AI asset. (Bloomberg)
Private Companies
TensorWavepartnership
TensorWave signed a binding 15-year lease with Fermi America for up to 650 megawatts of capacity at Fermi's Project Matador campus in Carson County, Texas — Fermi's first customer contract, worth roughly $6.5B in contracted revenue. The initial 222MW phase is designed to support tens of thousands of next-generation AMD Instinct GPUs, with delivery beginning in the second half of 2027. Fermi shares jumped as much as 35% after hours on the news, underscoring how scarce signed AI-power tenants still are relative to announced campus capacity. (Data Center Dynamics)
Together AIpartnership
Together AI signed a $240M multi-year deal with IBM to build a dedicated inference cluster on IBM Cloud using Nvidia's HGX B300 systems and Spectrum-X networking — IBM's first large-scale inference cluster on that hardware. Capacity comes online in Q1 2027, serving open-source model inference as enterprises weigh cost and security concerns around closed frontier models. The deal marks IBM's entry into reselling neocloud-style GPU capacity, and follows Together's $800M raise at an $8.3B valuation; the company says its platform now processes 400 trillion tokens a month. (The Register)
Silicon Datafundraise
Silicon Data closed a $30.5M Series A led by the Valor Atreides AI Fund, with CME Group, DRW, Samsung, and VanEck among the participants, to expand SiliconMark, its independent benchmark for GPU pricing and performance. CME Group plans to use those benchmarks as the reference price for a cash-settled GPU futures market. Compute continues to become a new financial asset class. (Business Wire)
Public Markets
Q2 revenue hit $2.58B, up 112% year over year and above consensus, with contracted backlog growing to $104B from $99.4B last quarter. Management raised full-year revenue guidance to $12.4B-$13.2B. (CNBC)
Emerging
Memory-bound accelerators: Researchers unveiled MCHA, a memory-centric hierarchical chip architecture for multi-agent reinforcement learning workloads that overwhelm conventional designs with irregular memory access. The 28nm test chip cut main-memory access from 96% to 5% of operations and claimed throughput gains of 153x to nearly 2,457x over Nvidia A100 GPUs on those workloads; the design is accepted to MICRO 2026. It targets a narrow workload class, but the memory-bottleneck problem is the same one facing general LLM inference at scale. (arXiv)
Foundry expansion: Sony and TSMC signed a binding agreement to form Advanced Vision Semiconductor Manufacturing Corp, a $4.7B joint venture to produce next-generation image sensors in Japan, with Sony contributing $2.92B and TSMC $1.77B. Mass production is targeted for 2029, adding a dedicated advanced-node line to TSMC's customer base beyond its core AI accelerator and HPC business. (Reuters)
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