News linked to both this project and an event.
As SpaceX approaches its IPO, market speculation about Elon Musk’s potential integration of Tesla and SpaceX has intensified once again. According to insiders, Musk has previously discussed the possibility of merging the two companies with internal stakeholders, and Tesla’s leadership has long believed an eventual integration is likely. Reports indicate that the two firms have deepened collaboration in AI infrastructure in recent years—sharing executives, technologies, and supply chains—and have already coordinated efforts in energy storage systems, vehicle procurement, and GPU order allocation. Legal experts note that while antitrust hurdles would likely be limited if a merger proceeds, challenges related to valuation, share swap ratios, and alignment of shareholder interests would be highly complex.
According to Fortune magazine, Antonio Gracias, founder of Valor Equity Partners and a close confidant of Elon Musk, stands to amass over $100 billion in wealth from SpaceX’s anticipated IPO. Valor reportedly holds more than 500 million shares of SpaceX’s Class A stock. If SpaceX goes public at the rumored valuation of $1.75 trillion to $2 trillion, the value of Valor’s stake could reach $90 billion to $140 billion. Meanwhile, related-party transactions totaling approximately $20 billion between SpaceX and Valor have sparked corporate governance concerns. Documents reveal that xAI-related subsidiaries under SpaceX signed three GPU infrastructure leasing agreements with Valor, all backed by payment guarantees from SpaceX. PricewaterhouseCoopers (PwC), the auditing firm, contends that these transactions are substantively closer to loans than standard sale-and-leaseback arrangements and has therefore required that roughly $9 billion in associated debt be recorded on SpaceX’s balance sheet.
AI hardware startup Hark announced the completion of a $700 million funding round, reaching a post-investment valuation of $6 billion. This Series A round was led by Parkway Venture Capital, with participation from NVIDIA, AMD Ventures, ARK Invest, Brookfield, Greycroft, Intel Capital, Qualcomm Ventures, Salesforce Ventures, and others. The new funds will be used to expand GPU infrastructure and accelerate large model research and development. (Bloomberg)
Bitcoin mining company HIVE Digital Technologies has acquired land in the Toronto area for $58 million, planning to build an industrial-scale AI computing center through its subsidiary BUZZ High Performance Computing. Once fully operational, the facility is expected to support approximately 320 MW of capacity and over 100,000 GPUs—potentially making it one of Canada’s largest computing “super-factories.” Following the announcement, HIVE’s stock surged nearly 45%. Just two weeks earlier, HIVE had raised $115 million to expand its global data center footprint and GPU capacity.
: Datavault AI has released its first-quarter 2026 business update, disclosing that the company has signed tokenization contracts worth over $800 million. Of this, approximately $100 million in fees are expected to be recognized in 2026, achieving about $75 million in new contract value in the first quarter, further validating institutional demand for its Real World Asset (RWA) tokenization platform.In terms of assets and financing, the company has strengthened its balance sheet through a $60 million private placement and an additional $120 million in non-dilutive financing. It is also advancing the expansion of the SanQtum AI infrastructure platform across the United States, with plans to expand its quantum-safe GPU edge network by the end of 2026 and deploy approximately 48,000 GPUs. (Businesswire)
According to CoinDesk, K Wave Media (KWM), a South Korean media company listed on Nasdaq, disclosed to the U.S. Securities and Exchange Commission (SEC) that it would redirect its $485 million financing facility—originally earmarked for Bitcoin purchases—toward investments in AI infrastructure, including data centers, GPU compute operations, and related acquisitions. The funding stems from a revised agreement with Anson Funds, a structured equity financing firm. The company had originally established a $500 million financing facility in June 2025, exclusively for Bitcoin purchases. Less than one year later, it announced abandoning this strategy in favor of betting on the AI sector and plans to rename itself “Talivar Technologies,” pending approval at its shareholders’ meeting scheduled for early July. Following the announcement, KWM’s stock closed down 24% on Monday and fell another 4% pre-market on Tuesday.
Odaily News Keel Infrastructure and Hive Digital Technologies saw their stock prices rise on April 22. Keel completed the sale of its Paso Pe mining facility in Paraguay, securing $13 million in funds, with the aim of fully exiting the Bitcoin mining business and shifting its focus to high-performance computing and AI development in North America. Hive Digital Technologies completed a $115 million private placement, with the funds to be used for purchasing GPUs and developing data centers. The stock prices of the two companies have risen by over 40% and 31% respectively in the past month. Additionally, Core Scientific announced plans to issue $3.3 billion in high-yield bonds to fund its transition to AI infrastructure.
Odaily News: HIVE Digital Technologies, a technology company specializing in crypto mining and high-performance computing hosting, announced that its subsidiary has completed a private placement of $115 million in 0% interest exchangeable senior notes (maturing in 2031). The offering included an over-allotment option of $15 million, indicating strong institutional demand.HIVE Digital stated that the net proceeds from this financing are approximately $109.5 million. The funds will be primarily used for capital expenditures (including GPU procurement), data center construction, general corporate purposes, and to support its AI infrastructure expansion strategy. The initial conversion price for the notes is approximately $2.57 per share, representing a premium of about 17.5% over the pre-issuance stock price, with a capped hedge price premium reaching 125%. This zero-interest financing introduces a new group of institutional investors while helping achieve its 2026 growth targets under reduced capital costs.
According to an official announcement, BitMart will list USD.AI (CHIP) at 21:00 (UTC+8) on April 21. The trading pair CHIP/USDT will be available.USD.AI is a permissionless lending protocol providing financing for the AI infrastructure industry. The protocol allows GPU operators to tokenize and collateralize their hardware equipment for quick access to capital. It employs a dual-token model: USDai (a stablecoin over-collateralized by PayPal's PYUSD) and sUSDai (an interest-bearing token with a target annual yield of 10-15%, with returns sourced from GPU-backed loans). CHIP is the governance token, allowing holders to vote on protocol parameters, administrator approvals, and USD.AI Improvement Proposals (UIPs).
According to an official announcement, Bybit will list CHIP in its spot trading section. CHIP is the “Dollar Protocol for AI Interest Rates,” a DeFi lending platform collateralized by real GPUs, and $CHIP is used for governance and determining the financing rules for AI infrastructure.
Odaily News: Footwear retailer Allbirds has announced the sale of its sneaker business and a transformation into an AI computing infrastructure company named "NewBird AI." This news drove the company's stock price to surge by approximately 300% at one point.According to the announcement, Allbirds has agreed to sell its footwear brand to the American Exchange Group. The company will use a $50 million convertible note financing round to deploy GPU computing power and build AI infrastructure. This financing amount is roughly double the company's market capitalization of $22 million prior to the announcement.This move reflects the strong market demand for AI computing resources and the current supply shortage. Following Bitcoin mining companies pivoting to High-Performance Computing (HPC), small-cap companies are also beginning to attempt to enter the AI infrastructure sector. However, the convertible note financing may be converted into equity in the future, potentially creating dilution pressure for existing shareholders. (CoinDesk)
According to The Block, AlphaTON Capital has announced plans to raise $43 million through a strategic partnership with Vertical Data Inc. to expand its AI compute infrastructure; the transaction is expected to close in Q2 2026. AlphaTON CEO Brittany Kaiser stated that the funding will be used to deploy additional NVIDIA B300 GPUs, with the core objective of advancing the convergence of AI, digital assets, and confidential computing—and scaling up the platform’s overall compute capacity. On the business front, AlphaTON not only holds a substantial amount of TON tokens as corporate treasury assets but also actively participates in building infrastructure for the Telegram and TON ecosystems, with key investment focus areas including Cocoon, Telegram’s decentralized AI platform. Background-wise, AlphaTON was formed through the restructuring and transformation of former biotech public company Portage Biotech Inc., which had previously focused on cancer therapy research; the company completed the spin-off of its cancer therapy subsidiary in February this year.
AlphaTON Capital (NASDAQ: ATON) announced a strategic AI hardware and financing agreement with Vertical Data Inc., with a total transaction value of approximately $43 million, expected to close in Q2 2026. The agreement centers on deploying high-performance GPU clusters powered by NVIDIA’s B300 architecture. Financing will be provided through Vertical Data’s GPUfinancing.com platform via an asset-backed, non-recourse structure and includes managed infrastructure services. This expansion will support AlphaTON’s business initiatives with partners including Telegram, Gamee, Animoca Brands, and Midnight Blockchain.