DCD Magazine #62 - The coming wave
Will compute at sea sink or swim?
News - Investment / M&A / Financing, Georgia Butler, DatacenterDynamics
The latest news from the AI, data center, telco, chip, and cloud sector
DCD Magazine #62 out now
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Firmus seeks $5bn raise in Australian IPO - report
Targeting an offering in October
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Pentagon in talks to loan Fluidstack $5bn - report
Money would come from Pentagon's Office of Strategic Capital
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Zankore secures $3.1bn senior term loan facility for AI cloud build-out
Will build initial 100MW of capacity, scaling to 1GW
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Corvex targets 8MW of AI cloud capacity by end of 2026
Company secures $33m for expansion plans
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Nscale seeks $3.5bn in pre-IPO funding - report
IPO itself reportedly targeting a $3bn raise
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Microsoft reveals Azure earnings for the first time, adjusts financial reporting practices
Previously Azure was included under "intelligent cloud" segment
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GoPro to enter AI data center market via merger with optical photonics company
Company has entered into a merger agreement with Action Acquisitions and Starman Optical
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Iren secures contract from "leading frontier lab," on track to exit crypto business by end of year
Neocloud releases results for fiscal year 2026
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Lambda secures $1bn private debt to purchase Nvidia GPUs - report
Chips will be leased to Microsoft
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ESDS Software Solution targets Rs 720 Crore IPO, will use proceeds to expand data center footprint
IPO launches today, August 28
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Yotta Data Services nears IPO, says chairman Hiranandani
Declines to comment on valuation or targeted raise
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Nvidia pauses some cloud revenue sharing deals - report
Concerned that initiatives could lead to antitrust scrutiny
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Volato Group signs merger agreement with AI infrastructure company Alignment Engine, Inc.
Transaction values Alignment Engine at $500 million
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AI cloud Lambda seeks $3bn funding round ahead of IPO plans - report
Could look to go public next year
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Alibaba raises $10.2bn in Hong Kong share sale
Company selling 710 million shares in an equity placement
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Healthy Choice Wellness Corp. plans reverse merger with data center company
Wellness retailer is pivoting to digital infrastructure
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Alibaba Cloud plans to lean on its self-developed chips moving forward
Hopes this will improve its margin and profitability
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Firmus Technologies to acquire Benmax's fabrication, design and projects business
Hoped to strengthen Firmus' AI cloud and data center value chain
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Nebius seeks to raise $4.5bn in bond offering
Will be split into two series of senior notes
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Core Scientific completes acquisition of Polaris DS
Will enable expansion of Muskogee campus to 1.5GW
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Meta and BlackRock team up for data center in El Paso, Texas
Will offer 1GW of compute capacity
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Indian real estate developer Anant Raj spins out data center and cloud business
Ashok Cloud will offer data center and cloud services in the country
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AI cloud startup General Compute raises $400m in debt financing
Funding round underwritten by Upper90
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Nebius secures $775m in debt financing
Will support neocloud's AI buildout
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GMI Cloud seeks $635m loan supported by customer contracts for GPU capacity - report
Company has invited banks to join the deal
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IBM releases preliminary results for Q2 2026, sees shares drop by more than 20 percent
CEO Arvind Krishna writes letter to investors to explain "performance shortfall"
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Scaleway acquires HPC specialist Qarnot to expand cloud platform
Scaleway's cloud platform will integrate Qarnot's HPC technology
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TeraWulf seeks $3.5bn in funding for construction of data center for Anthropic
Debt expected to be led by Morgan Stanley