Z Squared to Acquire Majority Stake in Paradox Data
The acquisition is intended to scale Z Squared's AI infrastructure platform through enhanced technical expertise in utility-scale power strategy.
Z Squared Inc. (ZSQR) agreed to acquire a majority membership interest in Paradox Data LLC. The company did not disclose the financial terms or the specific structure of the transaction.
Z Squared entered into a binding letter of intent for the acquisition to scale its AI infrastructure platform. The move is designed to integrate specialized technical capabilities into the company's operations.
"Jeffrey brings a depth of technical experience that is rare in this industry, from hands on infrastructure builds to utility scale power strategy," said David Halabu, Chief Executive Officer of Z Squared Inc.
The deal follows a broader trend of AI-focused infrastructure and data asset acquisitions. In a comparable move within the data technology sector, WiSA Technologies (WISA) executed a $210 million agreement in 2024 to purchase high-performance computing software and IP assets from Data Vault Holdings to create a licensing and technology company.