Summary of InVenture (INV) Conference Call - June 12, 2025 Company Overview - InVenture operates as a conglomerate model, launching wholly owned companies in collaboration with multinationals, acting as founders, funders, owners, and operators of these companies [3][4][10] - The company focuses on technology solutions that are either invented or adopted by multinationals, which are outside their core operations [4][9] Core Model and Strategy - InVenture employs a closed loop model with four core aspects: uniqueness of technology, fully developed technology, leveraging multinational experience, and catalyzing early adoption through multinational relationships [4][6][7] - The model aims to reduce risk by ensuring that technology solutions are in pilot form before full commercial launch, thus increasing the likelihood of success [7][12] - The company has launched four companies to date, including PureCycle and Aeroflex in partnership with Procter & Gamble, and Excelsius, which addresses critical cooling technology needs in data centers [10][11][15] Excelsius and Market Opportunity - Excelsius is positioned to capitalize on the growth of data centers and generative AI, addressing a critical infrastructure gap in cooling technology [15][16] - The current cooling methods in data centers are inadequate, with 8% still using air conditioning, while the industry is moving towards two-phase cooling solutions [16][18] - Excelsius offers a cost-effective two-phase cooling solution that reduces energy costs and allows for denser server configurations, providing both critical need and economic incentive for adoption [21][22] Financial Performance and Growth Potential - InVenture aims to demonstrate high earnings per share growth by systematically launching companies that exhibit an S-curve of growth, potentially leading to premium valuations [14] - The company has invested approximately $10 million into PureCycle, which went public at a $1.2 billion valuation and is currently trading at around $2 billion [23] - The company plans to maintain a disciplined capital allocation approach, aiming to launch approximately one company per year while managing operational strain and dilution of focus [34][36] Capital Strategy and Market Position - InVenture has closed approximately $150 million in financing and plans to raise additional capital to support its growth and operational needs [40][41] - The company emphasizes the importance of a strong capital markets team to navigate funding challenges and ensure long-term success [43][45] - The value proposition for investors lies in accessing early-stage venture opportunities with a better risk-adjusted basis, particularly through the growth potential of Excelsius and the systematic launch of new companies [52][54] Conclusion - InVenture's model is designed to create value through strategic partnerships and innovative technology solutions, with Excelsius serving as a key proof point for the company's growth strategy [53][54]

Key Takeaways Vertiv's $7.9 billion backlog and strong order growth highlight robust AI and data center demand. nVent is gaining from its fast-growing Data Solutions segment and recent $975 million acquisition. NVT's lower valuation and ongoing product launches give it an edge over VRT in current conditions.Vertiv (VRT) and nVent Electric (NVT) are major players in the data center infrastructure market, providing critical infrastructure solutions for data centers and industrial environments. While Vertiv ...

" AI，改变不了数据中心厂商只是一名包租婆的属性。 " 作者丨 胡敏 编辑丨 周蕾 "数据中心，天生是个烂行业，没有真正的硬核技术，只是做房东，靠租赁挣钱。"一位股民在股吧尖锐点 评。 2020年下半年至2024年年中，数据中心板块在资本市场开启了一场长达四年的"跌跌不休"之路，光环新 网、万国数据、数据港、世纪互联等龙头企业深陷估值泥潭。 光环新网股价从30.89元暴跌至6.64元，市净率一度创历史新低，万国数据从116.76一路跌到了最低5.01 元，跌幅达95.71%，而世纪互联股价从巅峰的44.45元，一路下降到最低1.39元，一度面临退市危机。 然而，这样一个"烂行业"却在去年下半年开始起风了，资金接连涌入，数据中心股开始迎来了他们的"春 天"，股价一路狂飙，像世纪互联、润泽科技、数据港等公司股价过去半年多时间，已经经历了三次冲 高，从最低点到最高点，涨幅至多超一倍。 "当初我并不看好IDC相关股票，觉得利润低，又没太多壁垒，后来发现打脸了。"二级市场投资者刘欣宇 回忆起年初对数据中心股票的判断。 好景不长，眼下的数据中心股又开始回落，前不久，润泽科技公布2024年报以及一季度报当天，其股价更 是 ...

" AI，改变不了数据中心厂商只是一名包租婆的属性。 " 作者丨 胡敏 编辑丨 周蕾 "数据中心，天生是个烂行业，没有真正的硬核技术，只是做房东，靠租赁挣钱。"一位股民在股吧尖锐点 评。 2020年下半年至2024年年中，数据中心板块在资本市场开启了一场长达四年的"跌跌不休"之路，光环新 网、万国数据、数据港、世纪互联等龙头企业深陷估值泥潭。 光环新网股价从30.89元暴跌至6.64元，市净率一度创历史新低，万国数据从116.76一路跌到了最低5.01 元，跌幅达95.71%，而世纪互联股价从巅峰的44.45元，一路下降到最低1.39元，一度面临退市危机。 然而，这样一个"烂行业"却在去年下半年开始起风了，资金接连涌入，数据中心股开始迎来了他们的"春 天"，股价一路狂飙，像世纪互联、润泽科技、数据港等公司股价过去半年多时间，已经经历了三次冲 高，从最低点到最高点，涨幅至多超一倍。 "当初我并不看好IDC相关股票，觉得利润低，又没太多壁垒，后来发现打脸了。"二级市场投资者刘欣宇 回忆起年初对数据中心股票的判断。 好景不长，眼下的数据中心股又开始回落，前不久，润泽科技公布2024年报以及一季度报当天，其股价更 是 ...

Core Insights - BluSky AI Inc. has launched the SkyMod series, a modular AI datacenter infrastructure designed for both indoor and outdoor deployment, emphasizing innovation and scalability [1][4][9] Product Overview - The flagship SkyMod One is a one-megawatt unit with a footprint of approximately 1,400 square feet, while the SkyMod XL offers a capacity of 1.7 MW and covers 3,000 square feet, both featuring rapid deployment capabilities [2] - The SkyMod series integrates NVIDIA GPUs, marking a significant advancement in high-performance AI infrastructure [3] Strategic Vision - The modular design of SkyMod allows for agile infrastructure that adapts in real-time to AI innovations, enabling clients to focus on product development and research rather than infrastructure challenges [4][5] - Each SkyMod is fully assembled and tested in a facility before being shipped, ensuring readiness for immediate deployment [6] Sustainability Commitment - Sustainability is central to BluSky's design philosophy, with efficient cooling and power systems that reduce operational costs and environmental impact, aligning with corporate ESG goals [7] Market Positioning - SkyMod units are available for deployment to partner institutions, enterprise clients, and research facilities, supporting a range of AI workloads from generative AI to GPU-as-a-service platforms [7][9] - BluSky AI aims to address the global AI supply shortage with innovative, turnkey modular solutions, transforming how AI companies access necessary compute power [9]

Applied Digital launches an infrastructure partnership with ABB at 400 MW campus in North Dakota. The collaboration will innovate fast, reliable, energy-efficient solutions to meet the needs of rapidly advancing artificial intelligence (AI) capabilities. Richmond, Virginia, June 11, 2025 (GLOBE NEWSWIRE) -- Electrical infrastructure partnership delivers innovative solution for AI’s power demands at a greenfield 400 MW data center campus in North Dakota, US New medium voltage power architecture with ...

Core Insights - Vertiv has announced an energy-efficient cooling and power reference architecture for the NVIDIA GB300 NVL72 platform, supporting rack densities up to 142kW [1][3] - The collaboration with NVIDIA aims to develop AI infrastructure strategies that anticipate increased power densities in data centers [2][3] - The reference architecture is part of the Vertiv™ 360AI infrastructure platform, designed to optimize AI workloads and high-performance computing applications [3][4] Group 1: Product Features and Benefits - The reference architecture allows for faster scaling and digital optimization of AI-focused data centers before physical construction [3][5] - It delivers 1.5 times more AI performance, enables 50% faster on-site builds, and requires 30% less physical space [5] - The design supports liquid cooling and achieves up to 70% better annual energy efficiency through higher water temperatures [5] Group 2: Strategic Collaboration - Vertiv is working closely with NVIDIA to support 800 VDC data center power infrastructure for 1 MW IT racks, with solutions available starting in 2026 [2] - The partnership aims to enhance performance and sustainability in AI infrastructure, enabling organizations to meet demanding workloads [3] Group 3: Global Reach and Support - Vertiv operates in over 130 countries and is backed by more than 4,000 field service engineers globally, ensuring scalability and reliability for AI rollouts [5][6]

LAS VEGAS, June 11, 2025 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced significant growth within its power electronics subsidiary, TurnOnGreen, Inc. (“TurnOnGreen”). TurnOnGreen’s operating subsidiary, Digital Power Corporation (“DPC”), has expanded its contracted backlog to $7.5 million, reflecting sustained demand for its high-performance, mission-critical power systems across key industries, including d ...

Core Viewpoint - IREN Limited has announced a private offering of $500 million in convertible senior notes with a 3.50% interest rate, due in 2029, aimed at qualified institutional buyers [1][8]. Transaction Details - The offering size was increased from a previously announced $450 million [8]. - The notes will accrue interest at a rate of 3.50% per annum, payable semi-annually starting December 15, 2025, and maturing on December 15, 2029 [5]. - The initial conversion rate is set at 73.3229 ordinary shares per $1,000 principal amount of notes, equating to an initial conversion price of approximately $13.64 per share, representing a 30% premium over the last reported sale price of $10.49 on June 10, 2025 [5][8]. Use of Proceeds - IREN estimates net proceeds from the offering to be approximately $486.1 million, or $534.9 million if the initial purchasers fully exercise their option to purchase additional notes [3]. - The company plans to allocate $48.9 million for capped call transactions, approximately $92.5 million for a prepaid forward transaction, and the remainder for general corporate purposes and working capital [4]. Capped Call Transactions - IREN entered into capped call transactions to hedge against potential dilution upon conversions, with an initial cap price of $20.98 per share, representing a 100% premium over the last reported sale price [8][10]. - The capped call transactions are expected to reduce potential dilution to IREN's ordinary shares upon conversion of the notes [11]. Prepaid Forward Transaction - IREN has also entered into a prepaid forward share purchase transaction for approximately $92.5 million of its ordinary shares, which will settle shortly after the maturity date of the notes [14]. - This transaction is intended to facilitate privately negotiated derivative transactions, allowing investors to establish short positions related to IREN's ordinary shares [16]. Company Overview - IREN is a vertically integrated data center business focused on Bitcoin, AI, and renewable energy, with facilities strategically located in renewable-rich regions across the U.S. and Canada [23]. - The company operates 660MW of data centers, expanding to 885MW in 2025, and is one of the largest Bitcoin producers globally with a capacity of 41 EH/s, set to expand to 50 EH/s [23].

Core Viewpoint - The article discusses the "liquid cooling as a service" concept introduced by Sugon Data Creation, addressing the challenges in selection, design, deployment, and operation of data centers [1] Group 1: Company Overview - Sugon Data Creation's Vice President and CTO, Zhang Peng, highlighted that the service system encompasses the entire process of liquid cooling systems from planning and design to operational management [1] - The implementation of the SLiquid intelligent operation platform enables a transition from "human control" to "intelligent control" in liquid cooling [1] Group 2: Industry Impact - By integrating standardization and customization, Sugon Data Creation significantly lowers the deployment threshold for liquid cooling, enhancing efficiency across the entire chain [1] - The company aims to provide a comprehensive and sustainable liquid cooling ecosystem support for intelligent computing centers [1]