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Harnessing Excess Solar Power: The Future Of Data Centres In Cyprus

by News Editor

A pioneering data center in Limassol is redefining the energy landscape by efficiently utilizing surplus electricity from photovoltaic systems. The company behind this groundbreaking initiative aims to transform data centres, known for their high energy consumption, into energy-efficient hubs. This is especially crucial given the global trend toward greener digital infrastructure.

Unveiling The Energy Efficiency Plan

Data centres typically require substantial energy to operate vast compute and storage platforms. However, by leveraging the excess energy generated by Cyprus’s solar capabilities, this pilot project aims to alleviate costs related to storing renewable energy. Such strategies are already in practice in regions like Texas, USA, enhancing network stability through flexible energy management.

The Future Of Digital And Energy Solutions

Data centres, as drivers of digital transactions, social media connectivity, and cloud computing, possess enormous potential. With sustainable practices, they contribute to energy savings while powering essential digital services. The Limassol project is poised to provide real-world insights into effective energy absorption by large-scale or numerous small-scale data centres.

This innovative practice holds promise for mitigating renewable energy waste, fostering a cleaner electricity ecosystem. It exemplifies the kind of forward-thinking technology integration necessary for a sustainable future.

Bitcoin Surges 23% In A Week As Investor Optimism Returns

by News Editor

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.

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