Neoclouds & AI hosts
Companies that rent out GPU computing power, or build and lease the data halls it runs in. Several are former bitcoin miners.
Grouped with the help of an AI model and reviewed by our editors. The line under each company says why it is here.
Share prices are the Nov 11, 2026 close, from the IEX exchange feed.
Grade mix
A 1D 6F 8
Revenue growing
12 of 14
Free cash flow growing
2 of 14
Median price move, 1 year
-32.2%
- CRWVCoreWeave, Inc.
Software infrastructureMarket cap $33.5BNo P/E (operating loss)
$60.80-28.8%1YSince added +12.1%
D-- Growth & cash
- Mixed
- Business trend
- Steady
- Business quality
- Weak
- Getting better
- Improving
Revenue
$9.9B+129.6%Profit
-$2.5B-229.8%Free cash flow
-$13.7B-72.1%Why it is here: Rents GPU computing to AI labs and cloud providers
- NBISNEBIUS GROUP N.V.
Internet content and informationMarket cap $43.5BNo P/E (operating loss)
$155.05+64.3%1YSince added -2.3%
D- Growth & cash
- Mixed
- Business trend
- Steady
- Business quality
- Mixed
- Getting better
- Improving
Revenue
$1.4B+506.9%Profit
$42.4M-82.6%Free cash flow
-$3.7B-555.1%Why it is here: Rents GPU computing and AI cloud software
- IRENIREN Limited
Capital marketsMarket cap $7.4BNo P/E (operating loss)
$20.83-62.6%1YSince added -16.4%
F-- Growth & cash
- Not growing
- Business trend
- Contracting
- Business quality
- Weak
- Getting better
- Deteriorating
Revenue
$694.7M+0.9%Profit
-$1.4B-357.9%Free cash flow
-$2.5B-862.2%Why it is here: Former bitcoin miner, now rents GPU computing
- HUTHut 8 Corp.
Capital marketsMarket cap $7.3BNo P/E (operating loss)
$61.07+46.3%1YSince added -0.3%
F-- Growth & cash
- Mixed
- Business trend
- Contracting
- Business quality
- Weak
- Getting better
- Deteriorating
Revenue
$305.5M+71.3%Profit
-$518.7M-352.1%Free cash flow
-$1.2B-306.5%Why it is here: Builds and leases AI data-centre campuses
- APLDAPPLIED DIGITAL CORPORATION
Information technology servicesMarket cap $5.4BNo P/E (operating loss)
$17.91-32.2%1YSince added -1.9%
D-- Growth & cash
- Mixed
- Business trend
- Steady
- Business quality
- Weak
- Getting better
- Improving
Revenue
$300.9M+117.0%Profit
-$351.5M-44.2%Free cash flow
-$4.5B-346.5%Why it is here: Builds and leases AI data centres
- CORZCore Scientific, Inc./tx
Software infrastructureMarket cap $4.7BNo P/E (operating loss)
$14.60-11.2%1YSince added +11.4%
D-- Growth & cash
- Mixed
- Business trend
- Accelerating
- Business quality
- Weak
- Getting better
- Mixed
Revenue
$592.1M+77.2%Profit
-$108.4M+86.4%Free cash flow
-$1.3B-283.9%Why it is here: Hosts GPU capacity for CoreWeave
- CIFRCipher Digital Inc.
Information technology servicesMarket cap $3.2BNo P/E (operating loss)
$7.11-59.1%1YSince added -10.5%
F-- Growth & cash
- Not growing
- Business trend
- Contracting
- Business quality
- Weak
- Getting better
- Deteriorating
Revenue
$146.1M-29.2%Profit
-$1.1B-1,437.6%Free cash flow
-$3.1B-525.2%Why it is here: Bitcoin miner leasing data-centre capacity for AI
- WULFTERAWULF INC.
Capital marketsMarket cap $6.7BNo P/E (operating loss)
$13.38+5.9%1YSince added +18.2%
D-- Growth & cash
- Mixed
- Business trend
- Steady
- Business quality
- Weak
- Getting better
- Deteriorating
Revenue
$190.8M+13.9%Profit
-$784.2M-39.0%Free cash flow
-$3.1B-360.1%Why it is here: Bitcoin miner leasing data-centre capacity for AI
- GLXYGalaxy Digital Inc.
Capital marketsMarket cap $6.2BNo P/E
$15.97-48.9%1YSince added +8.8%
F- Growth & cash
- Not growing
- Business trend
- Contracting
- Business quality
- Mixed
- Getting better
- Deteriorating
Revenue
$37B-43.8%Profit
-$460.5M-228.7%Free cash flow
-$2.1B-661.6%Why it is here: Crypto firm building an AI data-centre campus
- RIOTRIOT PLATFORMS, INC.
Capital marketsMarket cap $6.9BNo P/E (operating loss)
$18.27+18.2%1YSince added +45.8%
F-- Growth & cash
- Mixed
- Business trend
- Slowing
- Business quality
- Weak
- Getting better
- Deteriorating
Revenue
$675.7M+6.1%Profit
-$1.4B-968.5%Free cash flow
-$901.1M-21.3%Why it is here: Bitcoin miner converting sites to AI computing
- BTDRBITDEER TECHNOLOGIES GROUP
Software applicationMarket cap $1.7BNo P/E (operating loss)
$7.03-49.6%1YSince added +1.0%
D-- Growth & cash
- Mixed
- Business trend
- Steady
- Business quality
- Weak
- Getting better
- Mixed
Revenue
$963.3M+107.4%Profit
-$306.8M+41.0%Free cash flow
-$2B-165.8%Why it is here: Bitcoin miner and chipmaker adding AI cloud
- KEELKeel Infrastructure Corp.
Information technology servicesMarket cap $1.3BNo P/E (operating loss)
$2.07-34.7%1YSince added -4.6%
F-- Growth & cash
- Mixed
- Business trend
- Contracting
- Business quality
- Weak
- Getting better
- Deteriorating
Revenue
$147.8MNo comparable yearProfit
-$457.8MNo comparable yearFree cash flow
-$325.3MNo comparable yearWhy it is here: AI data centres (formerly Bitfarms)
- WYFIWHITEFIBER, INC.
Information technology servicesMarket cap $473.7MNo P/E (operating loss)
$10.46-54.0%1YSince added +4.8%
F-- Growth & cash
- Mixed
- Business trend
- Slowing
- Business quality
- Weak
- Getting better
- Mixed
Revenue
$98.3M+40.1%Profit
-$130M-437.2%Free cash flow
-$391M-60.0%Why it is here: Rents GPU computing (spun out of Bit Digital)
- HIVEHIVE DIGITAL TECHNOLOGIES LTD.
Capital marketsMarket cap $485.9MNo P/E
$1.76-57.2%1YSince added -9.1%
F-- Growth & cash
- Mixed
- Business trend
- Contracting
- Business quality
- Weak
- Getting better
- Mixed
Revenue
$328.9M+70.2%Profit
-$389.3M-1,230.6%Free cash flow
-$30.6M+53.1%Why it is here: Bitcoin miner renting GPU computing
- DOCNDigitalOcean Holdings, Inc.
Software infrastructureMarket cap $10.3BP/E 311.46
$87.21+80.3%1YSince added -6.4%
A- Growth & cash
- Growing strongly
- Business trend
- Steady
- Business quality
- Mixed
- Getting better
- Improving
Revenue
$1.1B+27.6%Profit
$34.3M-86.4%Free cash flow
$244.1M+39.1%Why it is here: Cloud for developers, including GPU computing
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Lists are their owners' own, and notes and comments are opinions. Grades describe businesses from their filings; nothing here is a recommendation to buy or sell.
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