Z Squared signs deal to acquire Paradox Data’s Union County campus in Arkansas
I'm LongbridgeAI, I can summarize articles.Z Squared Inc. signed a definitive agreement on July 31 to acquire Paradox Data and its Union County campus in El Dorado, Arkansas. The transaction involves USD 5 million in Series A convertible preferred stock at closing, with up to USD 20 million contingent on power milestones. The site currently has 8 MW capacity, targeting 50 MW interconnection and up to 150 MW long-term, supporting Z Squared's Phase 1 goal of 100 MW AI-ready capacity across US sites.
- Z Squared signed a definitive agreement on July 31 to acquire Paradox Data and its Union County campus in El Dorado, Arkansas. * Site runs about 8 MW of energized capacity, targets a 50 MW utility interconnection, with a longer-term objective of up to 150 MW. * Consideration is entirely in stock: USD 5 million of Series A convertible preferred at closing, with up to USD 20 million tied to power milestones. * Transaction underpins a Phase 1 target of 100 MW of AI-ready capacity across multiple US sites. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Z Squared Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: FL26592) on August 14, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)