Hut 8 has fully commercialized its one-gigawatt Beacon Point AI data centre campus in Texas after securing a second 15-year lease valued at US$9.8 billion. The agreement covers 352 megawatts of IT capacity and doubles the unnamed tenant’s contracted footprint at the Nueces County campus to 704 MW. Hut 8 described the customer as the same high-investment-grade company behind … [Read more...] about Hut 8 Secures Second US$9.8-Billion Lease at Texas AI Campus
LōD to Pilot Grid-Responsive AI Inference with Dominion Energy
As utilities confront rising electricity demand from artificial intelligence, Vancouver’s LōD Technologies is preparing to test whether AI workloads can become more responsive to the grid. The energy intelligence company has been selected for the Dominion Energy Innovation Center’s 2026 Accelerate program and will pilot its flexible AI inference technology with Dominion … [Read more...] about LōD to Pilot Grid-Responsive AI Inference with Dominion Energy
Canadian Giants Team Up to Build AI Control Infrastructure
Some of Canada’s largest regulated enterprises are joining forces to build shared infrastructure for the next phase of artificial intelligence adoption. Lightworks, Scotiabank, Sun Life, and TELUS have announced the launch of the AI Consortium, a cross-industry initiative designed to help major organizations develop, govern, and scale AI safely in complex enterprise … [Read more...] about Canadian Giants Team Up to Build AI Control Infrastructure
Wafr Raises $100M to Commercialize AI Data Centre Cooling Technology
Vancouver-based Wafr Technologies says it has raised $100 million toward a $300 million fundraising target as it looks to commercialize cooling technology for AI data centres. The company announced this week that the financing will support the development of a Canadian artificial intelligence research lab, expand research and development, and accelerate commercialization of … [Read more...] about Wafr Raises $100M to Commercialize AI Data Centre Cooling Technology
CoolIT Deal Closes As Ecolab Targets AI Data Centre Cooling Boom
CoolIT Systems has officially joined Ecolab, cementing one of Calgary’s biggest technology exits and giving the liquid cooling company a larger platform as AI data centre demand surges. Ecolab announced today that it has closed its acquisition of CoolIT in a deal valued at approximately USD $4.75 billion. The transaction brings Calgary-founded CoolIT into Ecolab’s expanding … [Read more...] about CoolIT Deal Closes As Ecolab Targets AI Data Centre Cooling Boom