711BTCYour 7/24 crypto convenience store

Cryptocurrency prices are highly volatile. All content is for reference only and is not investment advice. Trading involves risk of total loss.

Full disclaimer
Back to News
SourceODAILY

Data center operator Csquare plans to raise up to $1.35 billion in a NYSE IPO.

According to filings with the U.S. Odaily(SEC), data center operator Csquare plans to list on the NYSE under the ticker symbol "CSQR." The company plans to issue 50 million shares at a price range of $23 to $27 per share, raising up to $1.35 billion. At the upper end of the offering price range, the company's valuation would be approximately $4.18 billion. This IPO comes at a time of global expansion in AI computing power and data centers, with market demand for infrastructure assets continuing to rise. (Bloomberg)
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

Related Markets

Crypto Markets ›United Stables

Related

07-08 06:51

US infrastructure company MasTec invests another $1.65 billion to strengthen its data center electrical footprint.

Mars Finance reports that US infrastructure engineering and construction company MasTec announced on Tuesday that it will acquire electrical contractor The Superior Group for approximately $1.65 billion to enhance its electrical service capabilities in the rapidly expanding data center infrastructure market. The transaction, conducted in cash and stock, is expected to close in mid-to-late July. (Cailian Press)

07-07 12:32

SpaceX's Colossus data center faces shutdown order, putting a $45 billion deal at risk.

According to Odaily sources, a lawsuit is seeking a court order for SpaceX to shut down the gas turbines powering its Colossus 2 data center, arguing that they are operating without the necessary permits. This lawsuit could jeopardize parts of SpaceX's $45 billion contract with Anthropic. A lower court will likely order the turbines to be shut down while permits are being obtained, but may also grant SpaceX some time to comply with the regulations.

07-07 12:04

Amazon plans to raise at least $25 billion through a dollar bond issuance.

According to BlockBeats, on July 7, Amazon plans to raise at least $25 billion through a dollar bond issuance.

07-07 11:55

Nvidia-backed Nscale secures $900 million in revolving credit to accelerate its global AI data center expansion.

Mars Finance reports that Nscale, a UK-based AI infrastructure startup backed by Nvidia, announced on Tuesday that it has secured a $900 million revolving credit facility to accelerate its data center construction in Europe, the US, and the Asia-Pacific region. The company completed a $2 billion funding round earlier this year, valuing the company at $14.6 billion. (Cailian Press)

09-08 21:33

New York town weighs crypto mining and AI data center ban

One of the first towns in the US to ban Bitcoin mining for 18 months is considering another temporary moratorium extending to data centers and other crypto mining operations.

09-02 14:16

AI Billionaires Fund Ad Blitz as Data Center Opposition Hits 61%

Marc Andreessen, Ben Horowitz and OpenAI's Greg Brockman have backed the super PAC behind the campaign, which faces surging opposition.