Z Squared Inc.

Snapshot

ZSQR is a tiny, unprofitable company transitioning from crypto mining to AI infrastructure. Revenue is minimal at $1.4M against an $11.9M net loss, and gross margins are deeply negative.

What's Happening Right Now

• Sun 12th Jul '26 · M&A update: Amended the letter of intent for the Skycore Digital acquisition to make the agreement non-exclusive and extended the deadline to January 2027.
• Tue 7th Jul '26 · Capital raise: Filed a shelf registration to sell up to $300 million of common stock through an at-the-market program, citing the need for capital to fund operations and AI infrastructure expansion.
• Tue 30th Jun '26 · Financing: Raised $15.4 million in gross proceeds through equity sales under a standby agreement to support its AI infrastructure strategy and acquisition pipeline.
• Fri 26th Jun '26 · Acquisition: Signed a binding letter of intent to acquire a 51% interest in Paradox Data, a developer of high-density data centers targeting up to 150 MW of power capacity.
• Tue 9th Jun '26 · Regulatory filing: Filed an S-1 registration allowing existing holders to resell over 41 million shares, which included an auditor going-concern opinion and disclosures regarding operational risks in crypto mining.