THE AI DATA CENTER POWER LEDGER

Every megawatt will be
monetized.

Compute is the product. Power is the constraint. We track who owns the gigawatts that the AI build-out runs on — and what the market is paying for them.

29.5

GIGAWATTS TRACKED

13

COMPANIES

$216.4B

AGGREGATE MARKET CAP

Power Leaderboard

↓ Image

#
COMPANY
30D

01

IREN

IREN

5.8GW

0.81

$47.21

-1.1%

$16.8B

$2.9B

02

Cipher Digital

CIFR

4.2GW

0.21

$25.94

+1.0%

$10.5B

$2.5B

03

Hut 8 Corp.

HUT

3.8GW

0.71

$123.02

+4.5%

$13.8B

$3.7B

04

Bitdeer Technologies Group

BTDR

3.0GW

1.47

$17.15

+4.6%

$4.2B

$1.4B

05

Nebius Group N.V.

NBIS

2.6GW

0.22

$240.30

-6.4%

$61.0B

$23.3B

06

Riot Platforms, Inc.

RIOT

1.9GW

1.26

$28.57

+2.9%

$10.8B

$5.8B

07

Core Scientific, Inc.

CORZ

1.6GW

0.35

$27.20

-0.3%

$13.7B

$8.4B

08

Galaxy Digital Inc.

GLXY

1.6GW

0.13

$29.26

+3.5%

$11.4B

$7.0B

09

TeraWulf Inc.

WULF

1.5GW

0.06

$25.83

-0.9%

$11.0B

$7.3B

10

Applied Digital Corporation

APLD

1.4GW

0.10

$39.16

-4.4%

$11.2B

$8.0B

11

Soluna Holdings, Inc.

SLNH

1.0GW

0.12

$1.43

-0.7%

$0.2B

$0.2B

12

New Era Energy & Digital, Inc.

NUAI

1.0GW

0.00

$5.92

+0.7%

$0.3B

$0.3B

13

CoreWeave, Inc.

CRWV

0.0GW

0.00

$96.58

-2.2%

$51.4B

—

VAL / GW = MARKET CAP PER GIGAWATT OF PORTFOLIO (OPERATIONAL + SECURED + ANNOUNCED).  FIGURES ILLUSTRATIVE — NOT INVESTMENT ADVICE.

Every megawatt will bemonetized.

Power Leaderboard

Power controlled vs. market cap

Every megawatt will be
monetized.