According to @StockMKTNewz, The Information reports that Elon Musk’s xAI has purchased a building for its third supersized data center planned outside Memphis, Tennessee, indicating another major capacity buildout by the company (source: The Information via @StockMKTNewz). Large hyperscale data centers require significant power and advanced accelerators, and power availability remains a primary constraint for new builds that traders monitor for implications across GPU suppliers and regional utilities (source: Uptime Institute Global Data Center Survey 2023). For crypto markets, expanding AI data center demand can intensify competition for electricity that also underpins BTC mining cost structures, a key risk factor highlighted in public filings by mining operators such as Riot Platforms (source: Riot Platforms 2023 Form 10-K).