STX
2nd
Seagate Technology Holdings
$204.95 Bn
903.68
-9.16%
+469.43%
The company provides a storage-as-a-service offering through its Lyve edge-to-cloud platform, delivering scalable storage at the metro edge.
EQIX
Equinix
$107.07 Bn
1,085.09
-1.14%
+40.98%
Equinix operates a global network of 280 data centers, providing colocation services where customers place their own IT equipment in private cages and secure cabinets. Its revenue is primarily derived from recurring charges for data center space and power, which matches the description of a data center operator providing physical infrastructure for third-party use.
SLB
2nd
Slb
$78.99 Bn
53.22
-1.22%
+59.82%
The company explicitly operates a 'Data Center Solutions' business line, providing the physical compute infrastructure necessary for its digital energy operations.
DLR
2nd
Digital Realty Trust
$72.25 Bn
195.26
-1.36%
+18.33%
The company provides colocation and interconnection solutions, managing the physical compute infrastructure and power for third-party use. It offers managed infrastructure and Critical Facilities Management services to support customer workloads.
NBIS
2nd
Nebius
$64.17 Bn
248.43
-7.60%
+242.47%
Nebius owns and operates its own physical data centers in Finland and colocation sites in France, Iceland, and the United States to support its AI infrastructure.
NDAQ
2nd
Nasdaq
$54.35 Bn
96.71
+0.03%
+2.51%
The company earns income from colocation services and connectivity options, providing physical data center infrastructure for exchanges and financial institutions to reduce latency.
IRM
2nd
Iron Mountain
$37.71 Bn
126.69
-2.51%
+39.62%
The company operates a Global Data Center segment that provides enterprise-class colocation facilities and hyperscale ready capacity, leasing power and space to customers across 31 data centers.
CHT
2nd
Chunghwa Telecom
$33.26 Bn
42.88
+0.92%
-5.59%
The company is the largest IDC (Internet Data Center) services provider in Taiwan with a market share exceeding seventy percent, selling data center services to enterprise and international customers.
IREN
2nd
Iren
$28.66 Bn
42.00
-6.46%
+102.90%
IREN owns and operates its own physical data center facilities, including the land, buildings, and electrical infrastructure, and provides GPU-as-a-service for AI training and inference workloads.
RCI
2nd
Rogers Communications
$19.40 Bn
35.91
-0.55%
+2.10%
Rogers provides hosted data centre solutions and network connectivity through its data centre assets to business, public sector, and carrier wholesale customers.
HUT
2nd
Hut 8
$9.95 Bn
80.79
-8.23%
+230.84%
The Digital Infrastructure segment develops, owns, and operates purpose-built data center facilities monetized through long-term hosting, leasing, and colocation agreements.
APLD
Applied Digital
$8.21 Bn
28.51
-8.56%
+74.48%
Applied Digital owns and operates physical data center facilities, providing energized infrastructure and rack space to third-party customers. Its revenue is derived from hosting services for crypto mining and high-performance computing (HPC) workloads, specifically leasing power-dense space in facilities like those in Ellendale and Jamestown, North Dakota.
WULF
Terawulf
$7.79 Bn
15.62
-11.25%
+66.52%
TeraWulf owns and operates physical data center campuses, such as Lake Mariner and Abernathy, providing liquid-cooled high-density compute infrastructure for hyperscale and enterprise tenants. It generates revenue through long-term hosting arrangements and data center leases for high-performance computing (HPC) workloads.
GPUS-PD
2nd
Hyperscale Data
$7.57 Bn
20.44
+0.00%
-14.76%
The company owns and operates data centers and generates revenue from colocation and hosting fees charged to AI and other technology customers.
RIOT
2nd
Riot Platforms
$7.15 Bn
18.91
-5.64%
+53.49%
The company operates a data center leasing business, providing critical IT load capacity to customers such as Advanced Micro Devices, Inc. at its Rockdale Facility.
CIFR
Cipher Digital
$6.67 Bn
16.09
-13.03%
+165.95%
Cipher Digital owns and operates physical data center facilities and leases this capacity to hyperscaler and high performance computing tenants, specifically naming Amazon Web Services and Fluidstack (backed by Google) as customers.
SIFY
Sify Technologies
$6.55 Bn
15.06
-2.84%
+74.31%
Sify operates 14 concurrently maintainable Internet Data Centers across India with a combined IT power of 200 MW, providing co-location, storage, and backup management services to enterprise customers.
GDS
GDS Holdings
$6.54 Bn
33.65
-4.89%
+4.41%
GDS Holdings designs, builds, and operates high-performance data centers, providing colocation and managed services. Its revenue is generated from leasing net floor area and power capacity to hyperscale cloud providers and large internet companies.
LUMN
2nd
Lumen Technologies
$6.32 Bn
6.14
-6.54%
+30.92%
The company operates edge cloud services and monetizes its physical infrastructure to provide compute and connectivity at the edge for enterprise clients.
CORZ
Core Scientific
$6.02 Bn
18.85
-6.36%
+29.73%
Core Scientific owns and operates physical data center facilities providing high-density colocation services, power, and cooling for AI, HPC, and digital asset mining customers. Its revenue is derived from leasing customer power capacity and providing the physical infrastructure required for these power-intensive workloads.
GLXY
2nd
Galaxy Digital
$3.94 Bn
20.43
-6.58%
-23.74%
The company is developing the Helios campus, a hyperscale data center facility, and earns lease income from long-term agreements with cloud hyperscalers like CoreWeave.
MARA
2nd
MARA Holdings
$3.42 Bn
8.96
-7.82%
-44.31%
MARA operates 18 data centers globally and is building AI inference and high performance computing services to offer compute capacity and private cloud solutions to third-party enterprise and public sector customers.
CLSK
2nd
Cleanspark
$3.01 Bn
11.73
-5.40%
+19.21%
The company operates an AI and HPC Hosting segment that develops and leases data center capacity to hyperscale cloud providers and AI enterprises. It owns and operates physical data center and power assets across Georgia, Tennessee, Mississippi, and Wyoming, and is developing a new campus in Austin County, Texas.
SHAZ
2nd
SharonAI Holdings
$2.46 Bn
68.78
-10.56%
—
The company has a dedicated Data Center Asset Development segment focused on building and acquiring physical data center facilities in the United States to support its infrastructure expansion.
BTDR
2nd
Bitdeer Technologies
$2.12 Bn
9.00
-4.15%
-37.33%
The company operates ten data centers and provides hosting services, offering facility space, power, cooling, and operational management to miner customers for recurring service fees.
VNET
Vnet
$1.80 Bn
6.58
-16.92%
-15.10%
VNET owns and operates a nationwide network of self-built data centers, providing colocation cabinets, power, and cooling to enterprise customers. Its Retail and Wholesale IDC segments generate revenue from leasing these physical facilities and providing managed hosting services.
SLNHP
Soluna Holdings
$1.64 Bn
12.50
+1.21%
+247.22%
Soluna owns and operates physical data center facilities providing colocation and hosting services for third-party Bitcoin miners and HPC workloads. Its revenue is heavily driven by Bitcoin hosting (57% of revenue) and the development of AI-ready data center capacity for hyperscalers and neoclouds.
WYFI
WhiteFiber
$1.05 Bn
27.07
-10.81%
+44.84%
WhiteFiber designs, develops, and operates Tier-3 data centers, such as the MTL-1 facility, providing hosting and colocation services. It generates revenue from long-term lease agreements for these physical facilities and their associated power and cooling infrastructure.
HIVE
2nd
HIVE Digital Technologies
$0.74 Bn
2.78
-9.45%
+17.30%
The company owns and operates physical data center facilities in Canada, Sweden, and Paraguay, leasing out high-performance GPU server clusters for AI, machine learning, and graphics rendering tasks via its BUZZ Cloud service and direct contracts.
CCOI
2nd
Cogent Communications Holdings
$0.52 Bn
10.13
-5.77%
-72.55%
The company operates a Data Center Colocation segment, providing secure rack space and power in 2.1 million square feet of facilities across North America and Europe for customers to house their servers.
BTBT
2nd
Bit Digital
$0.51 Bn
1.45
-9.37%
-50.68%
Through its majority ownership of WhiteFiber, the company provides data center colocation and GPU cloud services for AI and high performance computing workloads to customers like DNA Fund and Boosteroid.
XMAX
2nd
XMax
$0.47 Bn
8.87
-0.89%
+403.98%
XMax provides cloud and GPU compute infrastructure as part of its AI business segment.
GREEL
Vulcan Infrastructure & Power
$0.40 Bn
24.80
-0.40%
+199.52%
The company develops, maintains, and operates datacenters for energy-intensive computing workloads, specifically providing hosting, power, and technical support for third-party mining equipment such as that of NYDIG ABL LLC.
DUOT
Duos Technologies
$0.27 Bn
11.59
+12.74%
+83.68%
The company designs, manufactures, and deploys modular edge data center units and generates revenue from leasing and colocation services. This aligns with T-44, which covers companies that own and operate physical data center infrastructure and provide colocation space and managed hosting.
DGXX
Digi Power X
$0.25 Bn
3.58
-7.73%
+51.05%
The company develops, owns, and operates data center facilities, providing enterprise colocation services and GPU-as-a-Service via its NeoCloudz platform. It specifically markets its ARMS 200 Tier 3 modular data center design to support high-performance computing and AI workloads.
AGPU
Axe Compute
$0.22 Bn
10.33
-2.73%
-19.28%
Axe Compute provides on-demand access to high-performance GPU compute infrastructure and competes with AI data center operators. Revenue is generated from reserved GPU capacity contracts where customers pay on a per GPU per hour basis.
BGIN
2nd
Bgin Blockchain
$0.22 Bn
1.92
-11.93%
—
The company provides miner hosting services at its Nebraska farms, charging customers for housing, setup, monitoring, and electricity for their mining machines.
FUFU
2nd
Bitfufu
$0.21 Bn
1.29
+0.00%
-62.82%
The company earns hosting revenue by providing physical infrastructure, including power, cooling, maintenance, and security, for third-party miners at its facilities. It reports access to approximately 478 megawatts of hosting power, functioning as a data center operator for AI/mining workloads.
BSAI
Blusky Ai
$0.15 Bn
10.98
+22.00%
-4.52%
BluSky AI owns and operates physical data center infrastructure through its pre-fabricated 'SkyMods' and provides GPU-as-a-Service for AI training and inference. The company's core value proposition is the deployment of these physical modular facilities to provide compute capacity to external customers.
AIB
AIB Data Centers
$0.06 Bn
1.25
-24.24%
-92.47%
The company owns and operates physical data center facilities, specifically a 40 MW facility in South Carolina, providing colocation space, power, cooling, and network connectivity. Its revenue is generated from long-term hosting contracts and colocation agreements where customers pay for allocated power capacity and space for their own equipment.
VDTA
2nd
Vertical Data
$0.05 Bn
3.86
+3.49%
—
The company has a dedicated 'Data Center and Hosting Services' segment that provides server provisioning, network configuration, and hosting solutions for customers to manage their IT infrastructure.
SAIH
2nd
Saiheat
$0.04 Bn
20.00
+0.81%
+173.60%
The company provides AI cloud computing services and hosting services that offer third-party miners facility space, logistics, and maintenance, supported by its own data center in Marietta, Ohio.
BGDE
Big Digital Energy
$0.03 Bn
6.57
-6.14%
-26.56%
The company operates a digital colocation business where enterprise customers pay fees to host mining equipment, GPUs, and HPC hardware. It owns and operates the physical data center infrastructure, including facility construction and power procurement, which is the source of its competitive advantage.
IPM
2nd
Intelligent Protection Management
$0.02 Bn
1.90
-0.52%
-1.55%
The company offers secure private cloud hosting delivered from leased space in Tier 3 data center facilities in Phoenix and Edison, providing dedicated and isolated environments.
MOVE
Corvex
$0.02 Bn
10.14
-0.20%
+123.35%
Corvex operates AI factories and GPU clusters, providing GPU-accelerated infrastructure for AI model training and inference. The company sells access to these physical compute resources through long-term contracts and reservations for enterprise customers.
TRXA
2nd
T-REX Acquisition
$0.02 Bn
0.99
+0.00%
+39.44%
The company operates Megalodon Mining and Electric LLC, which pursues a co-location business model by hosting third-party mining equipment in exchange for fees.
SOS
2nd
Sos
$0.01 Bn
0.88
+1.15%
-50.56%
The company operates a hosting facility in Wisconsin that provides computing power and infrastructure for cryptocurrency mining to individual and business users, generating $6.507 million in hosting service fees.
SLAIY
2nd
Solai
$0.01 Bn
0.61
+1.67%
-97.28%
SOLAI operates physical data centers in Ohio and Ethiopia, earning revenue by providing colocation, power, and cooling services to third-party miners.
GLE
2nd
Global Engine Group Holding
$0.01 Bn
0.39
-4.88%
-45.61%
The company explicitly lists 'data center colocation and cloud services' as part of its service offerings for its customers.
KSEZ
2nd
Kinetic Seas
$0.00 Bn
0.04
+0.00%
-63.64%
The company operates 'Kinetic Cloud,' a segment that rents out GPU infrastructure specifically for AI training and inference workloads.
SKYI
2nd
Sky Century Investment
$0.00 Bn
0.13
+18.18%
-23.53%
The company generates revenue through high-performance server leasing agreements, providing physical compute infrastructure to customers.
MITI
Mitesco
$0.00 Bn
0.02
-33.33%
-84.62%
Mitesco operates through its subsidiary Centcore, which provides data center services, co-location agreements, and managed hosting. The company earns fees from these co-location agreements and provides the physical compute infrastructure for clients to host their software and applications.
JTAI
2nd
Jet.AI
$0.00 Bn
1.45
-6.45%
-99.77%
Jet.AI is developing hyperscale data center campuses in Canada and Nevada through a joint venture to lease power and space to hyperscale tenants for AI workloads.
CBDW
2nd
1606
$0.00 Bn
0.00
—
—
The company plans to operate a 50,000 square foot climate controlled warehouse to provide data center hosting and host third party AI workloads.
EDGM
Edgemode
$0.00 Bn
0.00
—
-100.00%
Edgemode designs, builds, and operates purpose-built data center facilities for high performance computing (HPC) customers. It generates revenue by licensing colocation space and providing related services such as power delivery and physical security at its Marviken facility.