News linked to both this project and an event.
Odaily NASDAQ-listed bitcoin treasury company Empery Digital has announced the completion of a $20 million strategic investment in preferred shares of AI data center developer Cardinal Data Power (CDP), acquiring approximately 8% equity in CDP upon transaction closing. This investment is a key component of CDP’s $70 million Series A funding round, with all proceeds allocated to the development of its first AI data center campus in West Texas, USA. (Businesswire)
Elon Musk has completed the acquisition of APR Energy, a mobile power generation company, with the overall transaction valued at least $1 billion. Documents show that Duos Technologies sold its 5% non-voting stake in New APR Energy, realizing a net gain of $50.4 million, which implies an enterprise value exceeding $1 billion. Headquartered in Florida, USA, APR Energy specializes in modular gas and diesel mobile generator sets, with a total installed capacity exceeding 1 GW. Individual projects can be deployed in as fast as 15 to 30 days, providing temporary and backup power for data centers.Industry analysts suggest that this acquisition aims to support the expansion of xAI's computing cluster and reduce reliance on the public grid. However, the fossil fuel-based power generation model will also bring trade-offs in terms of carbon emissions, compliance, and long-term operational costs. (Techrepublic)
Pact Labs has announced the completion of a $7 million Series A funding round, led by Tether, with participation from Blockchange Ventures and Lasagna. The project's primary business is to provide core infrastructure for USA₮ in scenarios such as payroll, earned wage access, credit, and everyday payments. (Tether News).
“White-Haired Stock Guru” Serenity posted a summary of the regional market style differences observed on X:1. USA: Bullish on all “futuristic” narratives, such as targets like $SPCX. Less sensitive to valuations, more focused on potential and imagination.2. Europe: From SIVE to SOI, attention to AI infrastructure construction is relatively weak. The time frame leans toward performance over the past 12 months (specifically noting that Belgium has performed decently, while observing France and Sweden).3. South Korea: High-leverage “Degen” style with extremely volatile markets, similar to the intense fluctuation structure of “50x Hyperliquid traders entering the stock market.”4. Japan: Generally mild and supportive, with fewer aggressive short-selling or bearish expressions.Serenity added that data on other regions such as Latin America is still insufficient, but observations will continue in the future.
Bill Ackman's closed-end fund, Pershing Square USA (PSUS), and alternative asset management company Pershing Square (PS) are conducting an initial public offering, expected to raise a total of approximately $5 billion, at the lower end of the previously stated $10 billion target range. This amount includes a $2.8 billion private placement already disclosed to the U.S. Securities and Exchange Commission. Approximately 85% of this offering has been subscribed by institutional investors. Bookbuilding is scheduled to close at 4:00 PM New York time on Monday, with pricing on April 28. Pershing Square USA will charge a 2% management fee with no performance fee, while voting control of Pershing Square is held by Ackman and core management.