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.
UBS analyst Brian Meredith has revised his outlook on Berkshire Hathaway’s Class B shares, trimming the price target from $606 to $591, while maintaining a “buy” rating.
In a move not seen in decades, the U.S. Treasury Department has initiated a historic $10 billion bond buyback—its largest ever—targeting securities set to mature between mid-2025 and mid-2027.
In a bold move to reshape the future of ApeCoin, Yuga Labs has introduced a proposal that would dissolve the existing ApeCoin DAO and replace it with a streamlined management body called ApeCo.
Circle’s arrival on the New York Stock Exchange sent shockwaves through the market, and Cathie Wood’s ARK Invest wasted no time jumping in.