Microsoft

Ankr price prediction: ANKR outlook after Microsoft and Tencent partnerships

Ankr (ANKR) price is up 70% this past week, while positive news has helped its value more than double on the 30-day timeframe. Ankr has struck partnerships with Microsoft and Tencent. The price outlook for ANKR is a potential retest of the resistance line at $0.058 and move higher, or a flip to recent demand

Published 3 years ago in
Ankr price prediction: ANKR outlook after Microsoft and Tencent partnerships
  • Ankr (ANKR) price is up 70% this past week, while positive news has helped its value more than double on the 30-day timeframe.
  • Ankr has struck partnerships with Microsoft and Tencent.
  • The price outlook for ANKR is a potential retest of the resistance line at $0.058 and move higher, or a flip to recent demand zones.

The Ankr (ANKR) price soared to its highest price since August 2022, with bulls pushing past $0.05 to test a major resistance area.

While the token has pared some of the gains on Wednesday, the massive daily candle seen on Tuesday has helped to maintain weekly gains at 70% and 30-day gains at over 100%.

Ankr price forecast amid mega Microsoft and Tencent partnerships

ANKR’s breakout to highs of $0.058 happened as tech giant Microsoft announced a partnership with the blockchain platform. 

As covered by CoinJournal, the deal between Ankr and Microsoft is set to offer node services, and will focus on making it easy for enterprises and organizations to access blockchain data.  Microsoft will support the service via its Microsoft’s Azure marketplace.

The partnership with Microsoft comes on the back of another major collaboration with Tencent Cloud. In an announcement, the company said it has signed a Memorandum of Understanding (MoU) with the Web3 infrastructure provider. The partners will jointly work on a “suite of blockchain API services” as they help power Web3 growth.

The news has greatly aided ANKR price action over the past two days, with the cryptocurrency now trading roughly 40% higher since the huge candle on Tuesday.

What’s next for the Ankr (ANKR) price?

The ANKR price is up about 6% on Coinbase as of 13:30 ET on 22 February and is changing hands around $0.049.

While it has decreased from yesterday’s highs, the price is still near a key resistance line and a breakout could see it not only retest the $0.058 supply wall, but offer bulls a likely target to early May and early April resistance lines at $0.066 and $0.100 respectively. The daily and weekly RSI indicators are trending bullish to support this outlook.

Ankr price chart showing major gains in the past two days. Source: TradingView.

But if the price turns bearish short term, a revisiting of old recent demand zones at $0.031 and $0.015 could be in play. Matthew Dixon, CEO of crypto ratings platforms Evai predicts ANKR price could even dip to its all-time low.

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Microsoft

Microsoft Canada president vows ‘community-first approach’ to AI investment

Share this Story : Toronto Sun Copy Link Email X Reddit Pinterest LinkedIn Tumblr Breadcrumb Trail Links Money News Ontario Technology Microsoft Canada president vows ‘community-first approach’ to AI investment Tech giant announced $19-billion investment to expand AI and cloud infrastructure in Ontario and Quebec Author of the article: Ling Hui Published Apr 08, 2026

Published 1 week ago in
Microsoft Canada president vows ‘community-first approach’ to AI investment

Microsoft Canada president vows ‘community-first approach’ to AI investment

Tech giant announced $19-billion investment to expand AI and cloud infrastructure in Ontario and Quebec

Ling Hui

Published Apr 08, 2026  •  Last updated 1 day ago  •  2 minute read
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The Microsoft logo is displayed at an event at the Chatham House think tank in London, Monday, Jan. 15, 2src24.
The Microsoft logo is displayed at an event at the Chatham House think tank in London, Monday, Jan. 15, 2024. Photo by Kin Cheung /AP Photo

Microsoft said its billion-dollar investment to expand artificial intelligence infrastructure at Ontario and Quebec data centres will include a “community-first approach,” taking into account concerns from the local communities.

Story continues below

In December, the tech giant had announced a $19-billion investment — the largest in Canadian history — to expand its AI and cloud infrastructure in the two provinces.

In a blog post Tuesday, Microsoft Canada president Matt Milton said the company is aware that Canadians have “real questions” about affordability, energy and water use, jobs and the impact on communities regarding its AI investment.

“At Microsoft, we believe communities should share in the benefits of AI infrastructure and they should not bear the costs,” Milton said.

Electricity costs, water usage among concerns

He said the company’s five “community-first” principles will shape how it will build and operate its data centres in Ontario and Quebec.

Among those principles he outlined was the company’s commitment to “paying our way on electricity” to ensure that its data centres don’t increase electricity prices for Canadians and put added strain on the grid.

Milton said the company will work with provinces, utilities, system operators and regulators to plan new supply in advance. He also said the company will pay the full cost of the electricity it uses, including the cost of new generation, transmission and grid upgrades.

Story continues below

Milton also said that Canada’s cooler climate means the company can cool its data centres mostly using outside air, “using water for cooling less than 5% of the year.”

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Thousands employed in construction process

He also said the company will work with local governments, conservation partners and research institutions on water projects.

Milton said Microsoft’s data centre investment in Canada will employ about 2,000 workers across all sites during construction with 400 Canadian businesses involved during the construction phase.

He said once its data centres are built and operational, the company will create 250 full-time jobs and hire about 400 contractors to maintain and operate its sites.

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Microsoft said its billion-dollar investment to expand artificial intelligence infrastructure at Ontario and Quebec data centres will include a “community-first approach,” taking into account concerns from the local communities.

Story continues below

In December, the tech giant had announced a $19-billion investment — the largest in Canadian history — to expand its AI and cloud infrastructure in the two provinces.

In a blog post Tuesday, Microsoft Canada president Matt Milton said the company is aware that Canadians have “real questions” about affordability, energy and water use, jobs and the impact on communities regarding its AI investment.

“At Microsoft, we believe communities should share in the benefits of AI infrastructure and they should not bear the costs,” Milton said.

Electricity costs, water usage among concerns

He said the company’s five “community-first” principles will shape how it will build and operate its data centres in Ontario and Quebec.

Among those principles he outlined was the company’s commitment to “paying our way on electricity” to ensure that its data centres don’t increase electricity prices for Canadians and put added strain on the grid.

Milton said the company will work with provinces, utilities, system operators and regulators to plan new supply in advance. He also said the company will pay the full cost of the electricity it uses, including the cost of new generation, transmission and grid upgrades.

Story continues below

Milton also said that Canada’s cooler climate means the company can cool its data centres mostly using outside air, “using water for cooling less than 5% of the year.”

RECOMMENDED VIDEO

Loading...
We apologize, but this video has failed to load.
Try refreshing your browser, or
tap here to see other videos from our team.

Thousands employed in construction process

He also said the company will work with local governments, conservation partners and research institutions on water projects.

Milton said Microsoft’s data centre investment in Canada will employ about 2,000 workers across all sites during construction with 400 Canadian businesses involved during the construction phase.

He said once its data centres are built and operational, the company will create 250 full-time jobs and hire about 400 contractors to maintain and operate its sites.

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    Plaintiff awarded $6M in landmark social media lawsuit against Google, Meta

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