Why data is the ‘oil’ of modern M&A
Merger and acquisitions (M&A) are big in tech and have been so in the digital infrastructure space. So much so that the market often says there is way more...
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Chinese internet business The9 Limited (Nasdaq: NCTY) said that its wholly-owned subsidiary NBTC Limited and Kyrgyzstan enterprise SolarCoin LLC have signed a Purchase Agreement regarding a block chain computing centre in Kyrgyzstan. Pursuant to the deal, The9 will obtain 31.5MW electricity ca...
May 12
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 ...
April 26
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...
April 14
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...
April 12