DCD Magazine #62 - The coming wave
Will compute at sea sink or swim?
Will compute at sea sink or swim?
IPO could take place as soon as September
Provides additional cash for AI data center build-out
Could be debt or equity, or a combination of the two
Comes as company plans major capex investments in data centers
Follows announced plans to raise up to $50 billion in debt and equity in 2026
Will offtake power from the MRG Goody Solar and Storage project
Follows funding round in late 2024
Will be used to fuel expansion plans
AI cloud firm is less than a year old
Company plans to go public in 2025
Credit facility led by Goldman Sachs, JPMorgan, and Morgan Stanley