California-based designer of solid oxide fuel cells (SOFC), listed on NYSE. Bloom Energy Servers produce electricity directly from natural gas or hydrogen, without combustion, deployed behind-the-meter for data centers, hospitals, and industrials. Recent partnerships with Equinix, American Electric Power, and Oracle for AI campus power.
Bloom found its product-market fit in the grid interconnection crisis paralyzing DC deployments. In the U.S., waiting for a grid connection for an AI campus can take 5-7 years depending on the region; Bloom delivers 6-12 months for 100 MW behind-the-meter. The "bypass the utility" angle has become the real value proposition, more than the original carbon argument. The company remains cash-flow negative but the 2026 backlog is unprecedented — revenue visibility boosted by long-term hyperscaler contracts.
One of the few listed pure-plays on the AI DC energy bottleneck. High-beta profile on hyperscaler contract pacing, valuation stretched but real asymmetry if the U.S. grid interconnection queue keeps growing. Material execution risk — to be sized as thematic exposure.
Everything you need to know about NeonBridge and the compute economy.
Oil powered the 20th century. Compute powers the 21st. Every time an AI model runs or a Bitcoin block is mined, it takes energy, chips, data centers, and cloud infrastructure to make it happen. The companies building all of that form the compute economy. NeonBridge tracks 200+ of them across 7 categories.
Just like oil or electricity, compute is a raw resource that every industry needs. AI models can't train without GPU cycles. Bitcoin can't exist without hashrate. As demand grows, the companies that produce, store, and distribute compute become critical infrastructure. That makes compute the defining commodity of this century.
AI and Bitcoin are not two separate topics. They are two expressions of the same industrial revolution. AI transforms compute into intelligence. Bitcoin transforms compute into verifiable scarcity. Both need the same physical foundations: energy, chips, and data centers. That is why NeonBridge tracks them together, as one economy.
Most companies in the tracker are publicly listed stocks you can buy through any brokerage account. We highlight EU-friendly brokers like Trade Republic, Interactive Brokers, DEGIRO, and Scalable Capital to help you get started. No crypto wallet needed for the equity side.
Like any sector, compute infrastructure carries risk. Chip supply chains can be disrupted by geopolitics. Energy costs fluctuate. AI regulation is evolving fast. Bitcoin mining profitability depends on network difficulty and price cycles. Diversifying across the 7 categories of the compute economy helps reduce exposure to any single risk.
Global AI compute capacity doubles every 6-7 months, fueled by explosive AI adoption outpacing historical trends, with contributions from Bitcoin mining infrastructure repurposing and autonomous systems. Governments worldwide have committed hundreds of billions to chip manufacturing and power infrastructure. This reflects an enduring industrial shift comparable to electrification.
