In a recent interview with CNBC, Jeff Blau, CEO of Related Companies, praised data centers as a transformative asset class in real estate.
Blau referred to them as “the most incredible asset class” of his career, highlighting their unique characteristics such as high energy demands and limited supply, which contribute to their significant value.
He emphasized that building a data center can cost between $4 billion and $5 billion, with securing adequate energy being a fundamental challenge that prevents oversupply.
Blau noted that this asset class is very unique. According to him, each of these structures can cost $4 billion to $5 billion.
He added that energy requirements are unprecedented in this industry, noting that the difficulty in securing energy creates a constraint that prevents oversupply of these facilities.
Recently, Related Companies invested in Applied Digital, a company specializing in Bitcoin mining and high-performance computing. According to Miner Mag, 83% of Applied Digital’s revenue comes from hosting Bitcoin mining operations.
Stripe and Paradigm’s blockchain initiative, Tempo, has taken a major step forward by raising $500 million in its Series A funding, with Thrive Capital and Greenoaks leading the round.
Ondo Finance, a startup focused on bringing real-world assets onto blockchain, has raised concerns over Nasdaq’s proposal to introduce tokenized versions of stocks and ETFs.
Prediction markets – once a niche corner of crypto – are rapidly crossing into the mainstream.
Despite Europe’s major economies like the UK and Germany, Russia has emerged as the continent’s top crypto market, according to the latest Chainalysis report.
Barstool Sports founder Dave Portnoy unknowingly sank nearly $170,000 into the wrong LIBRA token, triggering a massive price spike before its value collapsed.
Dave Portnoy, the founder of Barstool Sports, has opted not to invest in bitcoin (BTC) at its current price levels, which exceed $60,000.
Crypto trading, especially in the realm of meme coins, often presents unpredictable ups and downs, amplified by volatility and risk.
Bitcoin's integration into traditional finance is accelerating, and according to Lightspark CEO David Marcus, the next major leap could come from within Wall Street.
Before stepping into his role as the Trump administration’s key advisor on artificial intelligence (AI) and cryptocurrency, David Sacks divested a substantial portion of his investments tied to digital assets.
The U.S. government’s handling of confiscated Bitcoin has sparked criticism, with White House crypto advisor David Sacks arguing that past BTC sales were a costly misstep.
David Schwartz, the CTO of Ripple, has recently clarified that he is not a billionaire, despite the speculation surrounding his wealth during XRP's dramatic rise in 2018.
Ripple’s chief technology officer David Schwartz is taking a hands-on role in expanding the XRP Ledger’s capabilities.
DBS Bank has teamed up with Ant International to introduce a new blockchain-driven treasury and liquidity management system.
Singapore’s largest lender, DBS, is taking another step into digital assets by launching tokenized versions of its structured notes on the Ethereum blockchain.
A major partnership has been announced between DBS Bank, Franklin Templeton, and Ripple, aimed at creating new trading and lending opportunities powered by tokenised money market funds and Ripple’s RLUSD stablecoin on the XRP Ledger.
A new partnership between DBS, Franklin Templeton, and Ripple is set to advance tokenized finance.
Digital Currency Group (DCG) has taken legal action against its own subsidiary, Genesis Global Capital, seeking repayment of more than $105 million plus interest in connection with a controversial $1.1 billion promissory note.
If you're looking for ways to increase your passive income, cloud mining is an interesting way to do it.
The Terra Luna Classic community is considering a substantial increase in the burn tax, potentially raising it from 0.5% to 1.5%.
Amidst recent turbulence in the crypto market, the spotlight is firmly on the SAB 121 Bill, an initiative by the SEC aimed at increasing transparency and regulatory oversight within the cryptocurrency sector.
The idea of applying blockchain to gold reserves has gained attention, with proponents arguing it could improve oversight.
The classification of XRP as a security continues to stir debate within the crypto community, even after a clear ruling from the court.
As discussions around a U.S. government-backed digital asset reserve continue, XRP has emerged as a potential candidate alongside Bitcoin (BTC).
In a recent shocking development, it was reported that Jason Anderson, co-founder of the cryptocurrency company Debt Box, was kidnapped and over $400 million was stolen.