Global AI Competition Sparks Data Center Boom: Companies Invest $2.35B in Modular Power Solutions

APLD Compute Co LLC, a subsidiary of Applied Digital Corporation, has announced its intention to privately issue $2.35 billion in senior secured notes maturing in 2030. The proceeds are earmarked for the development of two large-scale data centers in North Dakota, with capacities of 100 megawatts and 150 megawatts. Additionally, the funding will be used to pay down current debt and create a reserve for debt service. This initiative is in response to the surging need for robust computing infrastructure, particularly for AI and cloud-based applications. The new facilities will be part of Applied Digital's 400-megawatt Ellendale campus, highlighting the industry's shift toward scalable, modular data center solutions to accommodate advanced workloads, as detailed in the .

Solaris Energy Infrastructure : November 2025 Investor Presentation Presentation.="" and="" another="" body="" continuing="" data="" from="" narrative="" paragraph="" perhaps="" source="" the="" using=""> At the same time, Solaris Energy Infrastructure has revealed a new strategic direction focused on delivering energy solutions tailored for industrial-scale data centers. In its November 2025 investor update, Solaris outlined ambitions to achieve 2.2 gigawatts of operational capacity by 2028, with 1.75 gigawatts under its ownership. The company spotlighted its long-term, highly contracted power offerings, including a joint venture secured by a seven-year lease, to address the escalating energy requirements of cloud and AI data centers. Solaris also pointed to the changing power demands of data centers, noting that modern GPU clusters now need over 500 kilowatts per rack, a significant increase from the 5-15 kilowatts typical of older systems, as outlined in the .

Dow Jones Top Company Headlines at 1 PM ET: SoftBank Sells Its Nvidia Stake for $5.8 Billion to Fund OpenAI Bet | Sony ....="" and="" another="" body="" continuing="" data="" from="" narrative="" paragraph="" perhaps="" source="" the="" using=""> The rapid expansion of data centers is being matched by leading technology companies investing heavily in AI infrastructure. Microsoft and Google have jointly committed $16 billion to enhance AI capabilities across Europe, with new projects in Portugal and Germany. Microsoft's investment builds on its collaboration with OpenAI, while Google's latest Pixel features, such as AI-driven message summaries and smarter notifications, demonstrate the broader trend of integrating generative AI into consumer technology. Meanwhile, companies like CoreWeave are reporting a $55 billion backlog in sales, fueled by the swift pace of AI-related deals, according to the .

Array Digital Infrastructure Inc (AD) Q3 2025 Earnings Call Highlights: Strong Site Rental ....="" and="" another="" body="" continuing="" data="" from="" narrative="" paragraph="" perhaps="" source="" the="" using=""> On the financial front, the industry is channeling significant capital to drive expansion. Array Digital Infrastructure Inc (NYSE:AD) posted a 68% increase in site rental revenue for Q3 2025 compared to the previous year, largely due to its Master Lease Agreement with T-Mobile. The company is also navigating challenges, such as ongoing disputes with DISH Wireless and costs associated with winding down legacy operations. Nevertheless, Array's anticipated $1 billion transaction with AT&T, expected to close by late 2025 or early 2026, demonstrates the sector's ability to monetize infrastructure assets, as highlighted in the .

Dow Jones Top Company Headlines at 11 AM ET: SoftBank Sells Its Nvidia Stake for $5.8 Billion to Fund OpenAI Bet | Sony ....="" and="" another="" body="" continuing="" data="" from="" narrative="" paragraph="" perhaps="" source="" the="" using=""> The momentum is further highlighted by AMD's upcoming analyst event, where the company is set to present an updated AI strategy. As competitors like Nvidia receive $5.8 billion from SoftBank to support OpenAI initiatives, the race for leadership in AI is becoming increasingly fierce, as noted in the . This competitive landscape is accelerating the global push for energy-efficient, high-performance data centers, exemplified by South Korea's plan to build a $35 billion AI-optimized facility—the first of its kind worldwide, according to the .