PRISM AI Datacenter and Infrastructure Index Jumps 8.71% as Eleven Constituents Line Up August Earnings

The PRISM AI Datacenter and Infrastructure Index stands at $355.19 on Saturday, steady 0.90% and 255.19% since its January 2, 2024 inception at $100.00. Ten of the eighteen constituents are higher, one is unchanged and seven are lower. Four gained more than 3%, led by Backblaze at 8.63%.The move sets up a dense two-week reporting window. Eleven index members have confirmed dates between August 3 and August 13. Two have already reported. Five have yet to schedule.

Backblaze, Inc. (Nasdaq: BLZE) leads the index at 8.63%, trading at $13.72 with a market capitalization around $823 million and a 189.45% return since inception. ChronoScale Corporation (Nasdaq: CHRN), an Applied Digital affiliate that has pivoted toward AI cloud, follows at 4.61% to $22.03. Fluence Energy (Nasdaq: FLNC) is up 3.42% to $13.93, Inseego (Nasdaq: INSG) 3.23% to $7.03, Rezolve AI (Nasdaq: RZLV) 2.10% to $2.43, One Stop Systems (Nasdaq: OSS) 1.92%, and TSS, Inc. (Nasdaq: TSSI) 1.85% to $9.92.

Hut 8 Corp. (Nasdaq: TSX; TSX: HUT) is not participating. The stock is off 0.59% at $107.63, with a market capitalization around $12.1 billion, despite a catalyst from outside the company: multiple outlets, citing a Financial Times report, identified Nvidia as the previously undisclosed anchor tenant behind Hut 8’s roughly $19.6 billion base-term lease at its Beacon Point site in Texas. Hut 8 has not publicly named the tenant. The stock remains the index’s second-best performer since inception at 410.09%.

Applied Digital Corp. (Nasdaq: APLD) is down 2.07% to $27.39, a $7.8 billion market capitalization and the second-weakest print in the index. The company reported fiscal fourth quarter and full year 2026 results on July 27, posting quarterly revenue of $258.7 million and full-year revenue of $611.3 million, up 167% year over year, against a GAAP net loss attributable to common stockholders of $249.2 million for the year. The revenue figure beat consensus by a wide margin. Capacity ramps at its campuses are guided to reach initial capacity in the second half of calendar 2026. Applied Digital has returned 293.53% since inception.

POET Technologies (Nasdaq: POET) is the worst performer on the day, down 3.98% to $6.99, which leaves it up just 4.95% since inception — the narrowest gain of any advancing constituent. Aviat Networks (Nasdaq: AVNW) is down 2.24% and Applied Digital’s slide is matched on the downside by Hyliion Holdings at -1.66%.

The spread inside the index is the real story

The tape is mixed, not uniformly strong: ten constituents higher, one flat and seven lower. The two-and-a-half-year record is far more divided. TSS has returned 3,321.87% since inception, Hut 8 410.09%, and Applied Digital 293.53%. Over the same window Fluence Energy has fallen 41.59%, Airship AI 40.07%, Rezolve AI 38.17%, and Inseego 32.34%. The index tracks a single thesis, but the constituents are not converging.

TSS illustrates why the coming reports matter more than the daily prints. First quarter 2026 revenue fell 44% year over year to $55.3 million as low-margin procurement volumes normalized against a record prior-year comparable. Systems integration revenue, the higher-margin line, rose 88% to $14.1 million and now represents about a quarter of the total. Whether that mix shift holds through the second quarter is the question the August 13 call has to answer. August 5 is the crowded day, with four constituents reporting. August 4 brings three, including Hut 8 in the same pre-market slot as Cipher Mining’s second quarter release, giving investors a direct read across the mining-to-AI-compute conversion trade on a single morning.

Confirmed reporting dates

August 5 is the crowded day, with four constituents reporting. August 4 brings three, including Hut 8 in the same pre-market slot as Cipher Mining’s second quarter release, giving investors a direct read across the mining-to-AI-compute conversion trade on a single morning.

Already reported

Applied Digital and ChronoScale both released results on July 27. Applied Digital’s fiscal year ends May 31, which puts it a quarter ahead of the calendar-year reporters and makes its guidance the closest thing the index has to a forward indicator.

Not yet scheduled

Five constituents have no company-confirmed date as of this writing.

Aviat Networks (Nasdaq: AVNW) closes its fiscal year in early July and reported fiscal fourth quarter results on September 10 last year. No fiscal 2026 fourth quarter date has been announced. IHS Holding (NYSE: IHS) reported second quarter results on August 12 in 2025 and third-party trackers point to a mid-August window this year, but the company has not confirmed. POET Technologies is estimated for around August 10 with no announcement. Airship AI (Nasdaq: AISP) has not scheduled its second quarter release. Rezolve AI (Nasdaq: RZLV) reports on a semiannual basis and announced preliminary first-half 2026 revenue of approximately $127 million on July 27, nearly twenty times the prior-year half; final first-half results are expected in September 2026.

What to watch

The pattern running through the sector is the same one reshaping crypto mining: power and shell capacity converting into long-dated compute contracts, and revenue recognition following months or quarters behind the announcement. Applied Digital’s 167% full-year growth and Rezolve’s preliminary revenue jump show the top-line effect. Applied Digital’s $249.2 million annual loss and the capital intensity behind every megawatt show the cost. August’s reports will show which constituents are converting announcements into recognized revenue and which are still building.