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Meta announced that it had signed a deal with XGS Energy for 150 megawatts of advanced geothermal electricity in New Mexico. The reason behind this is to help fuel Facebook’s parent company’s efforts to expand its artificial intelligence, the company said on Thursday, June 12. Giant tech companies like Meta are making unprecedented power deals to lock in sizable amounts of electricity for data centers required to build AI, a leading driver of record US power consumption forecast in 2025 and 2026. Geothermal energy, which does not create climate-warming carbon emissions , has become an electricity source among major tech companies. These tech firms have goals aimed at reducing emissions. Unlike traditional geothermal power generation, advanced geothermal power generation is not dependent on natural water sources. Technology companies with AI and data centers use geothermal energy more frequently because it offers a steady, dependable, low-carbon power source. This is important since data centers that support AI require a lot of electricity. The project between XGS and Meta will be rolled out in phases and is expected to be up and running by the decade’s end. The geothermal electricity generated will go into the electric grid and help power Meta’s operations in New Mexico. In a statement, Urvi Parekh, Global Head of Energy at Meta, highlighted that next-generation geothermal technologies like XGS are ready to expand. According to Parekh, this is essential as it would make geothermal energy an important resource for supporting advancements in AI technology and building data centers at home. She further stated that they were thrilled to work with XGS to create a new type of energy supply for their activities in New Mexico. Interestingly, New Mexico, which has a stake in the largest shale oil basin in the world, holds 160,000 megawatts of unused geothermal energy potential. Although 150 megawatts is a small part of the many gigawatts that tech companies need for AI, it still accounts for about 4% of all geothermal energy produced in the US. Google also announced last year that it planned to power its data centers with advanced geothermal energy created by Fervo Energy. Like Meta, Google struck a deal with Berkshire Hathaway electric utility NV Energy to provide its Nevada data centers with cutting-edge geothermal energy. As a result, according to reliable sources, Fervo Energy teamed up with NV Energy to provide geothermal energy for Google’s data centers. The deal was first sent to state utility regulators for approval. According to a statement from Google, the deal would boost the total of carbon-free geothermal electricity sent into the local power grid for the company’s consumption to 115 megawatts from 3.5 megawatts within roughly six years, The collaboration took Google closer to its goal of running entirely on clean energy by 2030. The company said it will invest at least $4 billion to construct or expand data centers in Indiana, Missouri, and Virginia. According to the latest environmental report from Google, the company’s worldwide operations use 64% carbon-free energy from sources like wind and solar. Their partnership with NV Energy offered a fresh solution for companies with huge electricity needs and climate goals in regulated power markets. In these regulated markets, businesses must buy power from local utilities instead of directly from power producers. This can make it hard for companies that want to use only clean energy. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage

Mercurity Fintech Holding announced plans to raise $800 million to establish a Bitcoin treasury reserve. The New York-based digital fintech firm aims to use the funds to acquire and hold BTC as part of a broader strategy to reshape its treasury operations through tokenized finance. According to the official press release , MFH plans to store the assets using institutional-grade blockchain custody infrastructure while integrating staking services and tokenized treasury tools to unlock yield and capital efficiency. The initiative represents a transition from traditional treasury models to a blockchain-aligned reserve structure designed to boost long-term asset exposure and bolster financial resilience. In parallel, MFH is set to move from the Russell Microcap Index to the Russell 2000 and 3000, a development that could enhance visibility among institutional investors and signal market validation for its blockchain-centric approach. In an official statement, Shi Qiu, CEO of the company, said, “We’re building this Bitcoin treasury reserve based on our belief that Bitcoin will become an essential component of the future financial infrastructure. We are positioning our company to be a key player in the evolving digital financial ecosystem.” A growing number of public companies are integrating digital assets into their treasuries, with 117 firms now holding over 800,000 BTC, as per Binance Research’s latest stats . Recent adopters include GameStop, Paris Saint-Germain F.C., and Nakamoto, all following a model first implemented by Strategy and Michael Saylor. Trump Media & Technology Group joined the wave with a $2.5 billion Bitcoin initiative backed by 50 institutions. Ethereum is also gaining traction, as evidenced by SharpLink recently launching a $425 million ETH strategy advised by Consensys’ Joseph Lubin. Japan-based Metaplanet also continued its aggressive BTC acquisition. More recently, the Oslo-based cryptocurrency brokerage company, K33, also started holding Bitcoin on its balance sheet after raising $6.22 million via interest-free loans and new share and warrant issues.

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