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DAMAC Group to invest $100m in the metaverse

UAE-based business conglomerate, the DAMAC Group – the parent company of global property development company DAMAC Properties, data centre firm Edgnex, luxury jeweller de Grisogono and fashion house Roberto Cavalli – has unveiled plans to build digital cities as investments in the metaverse ramp up. The Group plans to invest capital up to US$100 million for the project ...

Private investors back UK MarTech $260m valuation goals

UK-based marketing technology business Narwhal Media Group has received an equity investment of £1.2 million (US$1.57 million) as investors continue their bullish backing of data-driven businesses. Backers in the round included Robin Saunders from private equity group Clearbrook Capital, Elio Leoni Sketi from family office LSG Holdings and Bodil Blain the founder of CRU Ka...

Data centre crypto miner breaks ground on 600MW Texas facility

Data centre crypto miner business Compute North said construction is underway to build a 300MW data centre next to the Wolf Hollow Generating Station in Granbury, Texas. The modular infrastructure will be scalable up to 600MW and co-located directly at the source, providing grid-balancing services to the Energy Reliability Council of Texas (ERCOT). Compute North's TIER 0...

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