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.
Coinbase CEO Brian Armstrong has spotlighted a significant acceleration in institutional crypto adoption, driven largely by the surging popularity of exchange-traded funds and increased use of Coinbase Prime among major corporations.
The latest market turbulence, fueled by geopolitical tensions and investor fear, offered a textbook case of how sentiment swings and whale behavior shape crypto price action.
Jefferies chief market strategist David Zervos believes an upcoming power shift at the Federal Reserve could benefit U.S. equity markets.
Anchorage Digital, a federally chartered crypto custody bank, is urging its institutional clients to move away from major stablecoins like USDC, Agora USD (AUSD), and Usual USD (USD0), recommending instead a shift to the Global Dollar (USDG) — a stablecoin issued by Paxos and backed by a consortium that includes Anchorage itself.