PowerHouse Strengthens Core Leadership Portfolio with Dual Strategic Appointments
MCLEAN, Va., June 4, 2025 /PRNewswire/ -- PowerHouse Data Centers takes a decisive step in its bold growth plan with the appointments of John Adametz as Senior Vice President, Development & Construction, and Vardahn Chaudhry as Senior Vice President, Asset Management. The two executives bring distinct yet aligned expertise across digital infrastructure investments, operations and development that bolsters PowerHouse's commitment to responsible growth and delivering tailored solutions for hyperscale demands.
With a development pipeline spanning more than 24 million square feet and 6.1 GW across six U.S. markets, PowerHouse continues to invest in leadership that can drive both speed to power and construction of data centers for hyperscale users across its portfolio.
Adametz and Chaudhry are a part of the PowerHouse team, with combined expertise adding to our industry leading This collaborative leadership structure reflects a deliberate strategy that supports PowerHouse's model of delivering shovel-ready campuses that are engineered for hyperscale growth and sustained operational value.
'John and Vardahn bring a deep understanding of what it takes to not just build, but operate world-class data center campuses at scale,' said Doug Fleit, Co-founder and CEO of PowerHouse Data Centers. 'They know how to manage complexity, execute with discipline and most importantly—deliver value to our clients. This kind of experience matters when you're in an industry as fast pace and demanding as build-to-suite hyperscale data centers.'
A Leadership Model Built for Scale and Stability
Adametz brings more than 30 years of global, hands-on experience leading complex infrastructure projects with speed and precision. At Meta, he demonstrated his expertise in managing large-scale developments by leading partner strategy for leased capacity and design execution on multi-gigawatt campuses. Additionally, Adametz's 32-year tenure in the U.S. Navy Civil Engineer Corps, where he led $8 billion annually in critical infrastructure planning, design, construction, and operations, highlights his ability to deliver high-impact projects in complex environments.
At PowerHouse, Adametz will lead the daily development and construction operations. By focusing on scalable, resilient project delivery for Richmond-based projects as well as PowerHouse's broader portfolio, he will enhance the company's ability to meet the demands of hyperscale clients while ensuring long-term operational performance.
Chaudhry's strong background in digital infrastructure investment and asset strategy positions PowerHouse to adapt and grow in a dynamic market. As Vice President of Investments at JBG SMITH, he managed an $85 million digital infrastructure and venture capital investment portfolio, including the establishment of a first-of-its-kind last-mile platform of fiber, data centers, small cell and spectrum assets—demonstrating his ability to develop new and flexible transaction structures, while executing strategic builds and acquisitions to drive long-term value. With earlier consulting experience at Accenture, he applies a data-driven, operational, and technical lens to meeting the evolving needs of hyperscalers.
Chaudhry brings a unique perspective to PowerHouse, where he manages the entire lifecycle of the company's data center assets, from acquisition to implementation, working closely with partners and customers to deliver consistent, high-performing results. His strategic approach ensures PowerHouse not only meets current client needs but also stays ahead of emerging trends in cloud and AI infrastructure.
A National Platform Backed by Expertise
Together, Adametz and Chaudhry are key drivers of PowerHouse's commitment to building client-focused, sustainable and value-driven infrastructure solutions. Their combined skillset is instrumental to the company's innovation and competitive strategy.
Both leaders will coordinate across regions and departments to ensure seamless execution and performance. Their partnership reflects PowerHouse's broader strategy: pair development precision with long-term asset value to deliver the kind of capacity hyperscalers rely on.
Backed by AREP's oversubscribed $309 million Fund IV, PowerHouse is actively advancing large-scale, power-first campuses in Virginia, Kentucky and beyond—designed specifically for the AI and cloud workloads shaping tomorrow's infrastructure.
About PowerHouse Data Centers
PowerHouse Data Centers, fully owned and operated by American Real Estate Partners (AREP), is a pioneering developer and owner of next-generation data centers, providing sophisticated real estate solutions for hyperscalers that meet their market, data, utility, and space demands. Founded in 2021 with a primary focus on Northern Virginia, the world's largest data center market, PowerHouse has strategically expanded into key markets across the United States. Today, PowerHouse is an established leader in world-class data center development with 86 data centers underway or in planning, representing more than 24 million square feet and 6.1 GW in six major markets.
PowerHouse owns its land sites, offering flexible next-generation data center models, with unparalleled speed-to-market. As disruptors setting new industry standards, PowerHouse leverages proven leadership, technical expertise, and strategic partnerships to drive innovation. Drawing from valuable real estate and industry relationships, PowerHouse adeptly identifies and transforms land sites, delivering state-of-the-art BTS, powered shell, and full turnkey deployments at scale. PowerHouse's full suite of development services integrates asset strategy, fast-track approvals, infrastructure, on-site power procurement, and sustainable building practices into every project.
Visit our newsroom for more information, and follow us on LinkedIn, YouTube, and X.
View original content to download multimedia: https://www.prnewswire.com/news-releases/powerhouse-strengthens-core-leadership-portfolio-with-dual-strategic-appointments-302472569.html
SOURCE PowerHouse Data Centers
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
33 minutes ago
- Yahoo
HOOD vs. IBKR: Which Fintech Broker is Poised for More Growth?
Robinhood Markets HOOD and Interactive Brokers Group IBKR are prominent online brokerage players offering commission-free trading platforms. Robinhood appeals to newer, mobile-first retail investors, while Interactive Brokers serves more advanced traders with its comprehensive the stock markets witnessing massive volatility and client activity, HOOD and IBKR are expected to benefit from increased trading activities. As such, investors are bullish on both. This year, shares of HOOD have soared 65.8%, while Interactive Brokers is up 18.4%. Also, stocks have fared better than the industry, the Zacks Finance sector and the S&P 500 Index in the same time frame. HOOD & IBKR YTD Price Performance Image Source: Zacks Investment Research So, the question arises: which brokerage stock — Robinhood or Interactive Brokers — offers greater upside in the evolving trading market? Let's break down their fundamentals, financial performance, growth prospects and more before taking any decision. Robinhood became extremely popular among younger generations in early 2021, riding on the meme stock wave. Nonetheless, since its IPO in July 2021, a lot has happened on the business front. It has evolved from a brokerage firm primarily trading in digital assets to a more mature and diversified entity, striving to become a one-stop shop for building generational wealth. In this context, HOOD has launched several initiatives to attract more clients and strengthen its market share. Some notable ones are Robinhood Strategies, Robinhood Banking and Robinhood Cortex to boost the wealth management offerings; the prediction markets hub; a credit card and a desktop trading platform. Additionally, Robinhood is expanding via strategic acquisitions, which are helping it foray into new businesses and complement existing ones. On Tuesday, it announced an agreement to buy Canada-based WonderFi Technologies Inc. in a C$250 million all-cash deal, which will help deepen its presence in the Canadian digital asset market. In February 2025, it completed the $300 million acquisition of TradePMR, a custodial and portfolio management platform specializing in services for Registered Investment in July 2024, Robinhood acquired Pluto Capital Inc. With the integration of Pluto's advanced capabilities, the company has revolutionized the investment experience for its users. Further, the impending buyout of Bitstamp (announced in June 2024), a globally recognized cryptocurrency exchange (featuring more than 85 tradable assets and popular in Europe and Asia), will significantly enhance the company's crypto these efforts reflect HOOD's ambition to become a full-spectrum financial services provider. HOOD Sales Estimates Image Source: Zacks Investment Research Interactive Brokers' technological superiority remains one of its strongest aspects. The company processes trades in stocks, futures, options and forex on more than 150 exchanges across several countries and technology usage has kept IBKR's compensation expense relative to net revenues (10.8% in the first quarter of 2025) below its industry peers. Further, the company has been emphasizing developing proprietary software to automate broker-dealer functions, leading to a steady rise in Brokers is expanding globally with a series of strategic moves. Earlier this month, it extended trading hours for Forecast Contracts to nearly 24 hours, after having launched them in Canada. In the U.K., it added mutual funds to its ISA offerings, enhancing tax-efficient investing. IBKR also introduced PEA accounts in France and expanded mobile trading via GlobalTrader. Other innovations include almost 24 hours of Overnight Trading on U.S. stocks and ETFs, crypto trading through Paxos with low fees and the launch of IBKR Desktop, a next-gen trading platform for Windows and Mac, underscoring its focus on advanced, global trading company's technological superiority, combined with easier regulations to improve product velocity, will support its net revenues through higher client acquisitions. Net revenues are also expected to strengthen further in the quarters ahead, given the solid Daily Average Revenue Trades (DARTs) numbers and robust trading backdrop driven by higher market participation. IBKR Sales Estimates Image Source: Zacks Investment Research The Zacks Consensus Estimate for HOOD's 2025 and 2026 earnings indicates an 11.9% and 19.4% rise for 2025 and 2026, respectively. Over the past month, earnings estimates for 2025 have remained unchanged, while for 2026, the same have been revised upward. Earnings Trend Image Source: Zacks Investment Research On the contrary, analysts are less optimistic about IBKR's prospects. The consensus mark for earnings suggests 0.4% and 7% growth for 2025 and 2026, respectively. Earnings estimates for both years have been revised lower over the past 30 days. Earnings Trend Image Source: Zacks Investment Research Hence, on earnings growth prospects, HOOD clearly has an edge over Interactive Brokers. Valuation-wise, HOOD is currently trading at the 12-month forward price-to-earnings (P/E) of 47.17X. The IBKR stock, on the other hand, is currently trading at the 12-month trailing P/TB of 28.86X. Further, both are trading at a premium to the industry average of 13.82X. P/E F12M Image Source: Zacks Investment Research While Robinhood commands a premium over Interactive Brokers, its valuation is justified, given its superior growth trajectory. Additionally, HOOD's return on equity (ROE) of 15.42% is way above IBKR's 4.97%. HOOD also outscores the industry ROE of 11.97%. This reflects Robinhood's efficient use of shareholder funds to generate profits. ROE Image Source: Zacks Investment Research HOOD has undergone a significant transformation since its IPO, evolving from a disruptive trading app into a comprehensive financial services platform. Through strategic acquisitions, it is aggressively expanding its product suite and global reach. It's also investing in advanced tools like Robinhood Cortex and Robinhood Strategies, targeting a broader investor base. These innovations, paired with a robust ROE and accelerating earnings and sales growth estimates through 2026, suggest strong long-term upside the other hand, Interactive Brokers remains a dominant, tech-driven brokerage favored by professional and institutional investors. Its global reach, low-cost model and powerful trading tools continue to support consistent revenue growth. However, while the company's innovation in areas like Forecast Contracts, GlobalTrader and IBKR Desktop is impressive, its earnings outlook is more muted, with only modest growth expected in the next two years. Combined with a lower ROE and downward revisions to earnings estimates, this suggests that while IBKR is a stable, well-run business, it may not match HOOD's upside potential in a growth-focused Robinhood appears to be the better long-term investment for solid returns. At present, Robinhood and Interactive Brokers carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
an hour ago
- Yahoo
Indian dealers offer steeper discounts as price rally dulls demand
By Rajendra Jadhav and Brijesh Patel (Reuters) - Gold discounts in India widened this week to their highest levels in more than a month, as a rally in domestic prices to near-record highs weighed on demand, while elevated rates also dampened buying across other major Asian hubs. Domestic gold prices were trading around 98,300 rupees per 10 grams on Friday, after rebounding from a low of 90,890 rupees last month and nearing the all-time high of 99,358 rupees. The spike in prices forced Indian dealers to offer discounts of up to $56 an ounce below official domestic prices, which include a 6% import duty and 3% sales tax, up from $31 last week. "Prices have gone up, and that's really hit demand. Hardly anyone was buying this week," said Harshad Ajmera of wholesaler JJ Gold House in Kolkata. Gold demand in India typically remains subdued during the monsoon season, which began earlier than usual this year. Jewellers are not making purchases because the lean demand season has started, and they don't want to build high-cost inventory, said a Mumbai-based bullion dealer with a private bank. Meanwhile, dealers in top gold consumer China charged premiums of $10-$14 an ounce over the global benchmark spot price. Last week, bullion changed hands at par to a $15 premium. "Elevated gold prices appear to have negatively impacted Chinese demand, judging by weaker trading volume," said Hugo Pascal, a precious metals trader at InProved. In Hong Kong, gold was sold at a premium of $0.30 to $1.30, while in Singapore gold traded between at-par prices and a $2.50 premium. "We've seen some of our clients coming to take profit and also on the wholesale side, we've seen some selling because prices are high," said Brian Lan, managing director at Singapore-based GoldSilver Central. In Japan, bullion traded anywhere between a discount of $0.5 and a $0.5 premium over spot prices.
CNBC
2 hours ago
- CNBC
Two aerospace stocks are deeply overbought and could be due for a pullback
GE Aerospace and Howmet Aerospace are vulnerable to pullbacks after entering deep overbought territory this week. Each stock climbed more than 3% this week, outperforming the S & P 500 's 1.5% gain in the same period. The stocks have come so far so fast that now GE Aerospace and Howmet have the two highest 14-day relative strength index, or RSI, readings in the S & P 500. CNBC Pro used its stock screener tool available for subscribers to find the most oversold stocks as measured by the 14-day RSI. Stocks that have a 14-day RSI above 70 are viewed as overbought, leaving them susceptible to a decline, while those a 14-day RSI below 30 are often thought of as oversold, suggesting they may see a bounce. GE Aerospace has now risen for nine straight weeks, while Howmet has advanced for seven. GE Aerospace is ahead more than 53% year to date, while Howmet is up more than 60%. While the typical analyst polled by LSEG has buy ratings on both companies, the consensus 12-month price target foresees more than 5% downside for each stock over the next year following these big runs. Here's the full list of S & P 500 stocks with the highest 14-day RSIs, along with what Wall Street thinks of them, according to LSEG data as of Friday morning: At the other extreme, Brown-Forman is the most oversold name in the S & P 500 with a 14-day RSI below 22. Shares of the Jack Daniel's whiskey distiller tumbled nearly 16% this week. Much of the decline came after Brown-Forman posted revenue and net income for its fiscal fourth quarter that missed analysts' consensus forecasts, according to consensus LSEG numbers. The Louisville-based company said it was operating in an "exceptionally challenging macroeconomic environment." The stocks has slumped 37% in the past six months and is on pace to record its fifth consecutive down year. Although Wall Street analysts rate Brown-Forman no more than a collective "hold," the consensus 12-month price target as compiled by LSEG suggests shares may rally 35%. Brown-Forman also has a dividend yield of 3.32%. Here are the other stocks with 14-day RSIs below 30, along with what Wall Street sees for them:
