REIT

2026-07-05 23:54:14

Microsoft Secures 900 MW AI Capacity at Crusoe Texas Campus

Crusoe will develop a new 900 MW AI factory campus in Abilene, Texas, for Microsoft, with first energization targeted for mid-2027. The expansion raises the site’s projected total capacity to 2.1 GW, underscoring intensifying competition for AI data center power and infrastructure.

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Microsoft Secures 900 MW AI Capacity at Crusoe Texas Campus
Morgan Stanle
2026-07-02 22:00:14

Morgan Stanley Initiates Coverage on Bitcoin Miners: Cipher and TeraWulf Overweight, Marathon Underweight

Morgan Stanley initiated coverage on three publicly traded bitcoin miners on Monday, assigning Overweight ratings to Cipher Mining (CIFR) and TeraWulf (WULF) while giving Marathon Digital (MARA) an Underweight rating. Analyst Stephen Byrd argues that certain miners are better valued as infrastructure plays rather than pure crypto bets, comparing their data center leases to REITs. Cipher is seen as the prime example, TeraWulf also scores with data center leasing experience, while Marathon’s hybrid approach and dependence on bitcoin price earn it a cautious stance. The coverage comes amid a broader debate on whether miners should pivot from proof-of-work to AI and high-performance computing data centers.

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Morgan Stanley Initiates Coverage on Bitcoin Miners: Cipher and TeraWulf Overweight, Marathon Underweight