Power management companies Eaton and nVent Electric reported strong revenue growth tied to the ongoing AI data center construction wave, with the spending boom in power and thermal infrastructure also feeding into the economics of crypto mining. Eaton said revenue for fiscal 2025 reached $27.4 billion, up 10.3% year over year, while net income came to about $4.1 billion. nVent reported nearly $3.9 billion in revenue for fiscal 2025, a 30% annual increase, and said infrastructure sales jumped nearly 80% in the first quarter of 2026. According to CryptoBriefing, the buildout is starting to matter for mining operators as well. Companies including Iris Energy and Core Scientific are converting facilities to carry AI workloads, and the expansion of supporting electrical infrastructure is giving that shift a firmer base. The results show how investment originally aimed at AI data centers is beginning to reach adjacent sectors, including digital asset mining.
Power management companies Eaton and nVent Electric reported sharply higher revenue in their latest earnings, helped by the buildout of AI data centers. The companies’ spending exposure to power and thermal management infrastructure is also starting to affect the economic model of the crypto mining sector.
Eaton said fiscal 2025 revenue reached $27.4 billion, up 10.3% from a year earlier, with net income of about $4.1 billion. nVent reported fiscal 2025 revenue of nearly $3.9 billion, up 30% year over year. In the first quarter of 2026, its infrastructure sales surged by nearly 80%.
According to CryptoBriefing, that infrastructure expansion is also supporting a shift inside crypto mining. Mining companies such as Iris Energy and Core Scientific are converting facilities to handle AI workloads, linking the AI data center construction boom with changes in how mining businesses deploy their sites.
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