other material
confidence high
sentiment positive
materiality 0.80
Corvex expands data center capacity 5x to 8 MW, raises $33M in PIPE
Corvex, Inc.
- Critical IT capacity to rise from ~1.5 MW to ~8 MW by end-2026; ROFR adds potential 12.5 MW (20+ MW total).
- $33M private placement (3.9M shares at $7.75 + Series D) led by Goldman Sachs, Morgan Stanley, Oppenheimer; closes Sept 2.
- Expansion adds ~3,000 GPUs across Mid-Atlantic and Midwest sites; both ready Q4 2026, revenue expected Q1 2027.
- Pro forma cash ~$55M vs $22M at June 30, 2026; proceeds fund capacity, Amplified AI Cloud, Token Factory, Assured AI.