Aramark Beats Q3 Estimates and Expands AI Data Center Hospitality

Quanta Services said earlier this month that it expects data center and technology customers to contribute about 18% of its 2026 revenue, up from roughly 10% a year earlier. The disclosure reinforces the company's AI-driven power theme and suggests its infrastructure business mix is tilting further toward large technology and AI-related power needs, potentially making those clients a bigger driver of future contract activity and backlog composition. The most relevant recent announcement remains Quanta's July 2026 guidance raise to US$39.3b to US$39.7b of revenue and US$1.74b to US$1.82b of net income, an outlook that already assumes strong execution on record backlog and contribution from acquisitions. Quanta's valuation has been flagged as stretched, and insiders have sold about US$123m of stock. The company's narrative projects $54.6 billion in revenue and $2.7 billion in earnings by 2029, requiring 18.4% yearly revenue growth and roughly a $1.4 billion earnings increase from $1.3 billion today, while some of the most optimistic analysts already assumed Quanta could reach about US$64.6b of revenue and US$3.2b of earnings by 2029.

IREN Chief Commercial Officer Kent Draper said at the All-In Summit in Los Angeles that the company operates as a vertically integrated AI cloud provider, delivering compute services through company-owned data center infrastructure. Speaking to NYSE Live, Draper said controlling the underlying physical assets lets IREN support customers across a range of AI workloads while expanding capacity to meet growing demand. He identified land, power, labor, supply chains and execution as the central challenges in scaling AI infrastructure, calling the addition of new capacity one of the most important issues facing providers. Draper also pointed to evolving financing markets and growing capital availability for compute and data center expansion, tied to customer commitments and changing financing structures. He cited manufacturing, research and development, drug discovery, enterprise operations and customer-facing technologies as expanding real-world use cases, and highlighted physical AI, including robotics and AI-enabled manufacturing, as an area attracting increased attention.

AZIO AI Holdings announced a power purchase and hosting agreement with Power Champion Investment Limited at its Atlas One compute infrastructure campus in South Texas. The deal establishes an initial contracted capacity of 10 megawatts, with expansion rights up to 50 MW, and at that initial capacity the company expects roughly $1.5 million in monthly capacity reservation charges, or $90 million over the five-year initial term, excluding electricity sales and additional services. Full expansion to 50 MW could generate approximately $450 million in capacity reservation charges over the same period. The agreement is the first hosting contract at Atlas One, a 548-acre campus designed for up to 500 MW of planned power capacity, where approximately 11 MW has been secured to date, including 6 MW currently activated. No capacity has yet been energized under the new agreement, expansion beyond the initial 10 MW has not been exercised, and service commencement remains subject to infrastructure development, required U.S. export control approvals and other contractual conditions.

KONST, a Taiwan-based next-generation AI compute operator, has raised $30 million in Series B funding led by ADATA Technology, with strategic participation from MMobility, Pegatron Venture Capital, and several other corporate investors. The company said it will use the proceeds to scale up its AI data center buildout across Asia and accelerate its Token Factory strategy, which treats compute as production equipment and tokens as its output. That strategy rests on three layers: Konstra AI handles compute supply, from site selection and mechanical, electrical, and environmental control systems through GPU cluster tuning and operations; Glows.ai provides the conversion layer, breaking cluster compute into smaller units billed per second; and Horizon AI's (k) ATP Token handles governance and delivery, letting enterprises connect to every authorized model with a single project key and track usage through audit logs. KONST said the round's principal investors come from memory and storage, electrification solutions, and electronics manufacturing, while other participants span energy, semiconductors, and thermal management. Co-founder and chairman Ben Chang said the round is about more than the amount raised, adding that once AI becomes part of operations, computing power becomes essential infrastructure rather than a one-time project expense.

Bitdeer AI, part of Bitdeer Technologies Group, has entered a 10-year data center services agreement for A901, a 67MW AI Cloud data center campus in Malaysia. The campus becomes Bitdeer AI's third Malaysian hub alongside Cyberjaya and Johor and will be engineered for liquid-cooled, rack-scale NVIDIA GB300 NVL72 systems serving next-generation enterprise AI workloads. Delivery of A901 capacity is targeted to begin in the first quarter of 2027, with the full 67MW targeted for the second quarter of 2027. With the addition of the 67MW A901 campus, Bitdeer AI's secured AI Cloud data center capacity, meaning capacity owned or under an executed data center services agreement, totals approximately 273.5MW across facilities in Malaysia, Norway and the United States, or approximately 78% of its target of up to 350MW to be delivered by the first quarter of 2028. Bitdeer AI said its active pipeline for AI Cloud capacity is now estimated to exceed $10 billion, and Chief Financial Officer Michael G. Potter said demand for liquid-cooled, rack-scale AI capacity in Southeast Asia is running ahead of what the market can deliver.