Z Squared acquires Union County data center campus, consolidating regional AI infrastructure assets.

On September 8, 2026, Z Squared Inc. completed the acquisition of Paradox Data, LLC from Paradox Infrastructure LLC, securing full ownership of the Union County Campus in El Dorado, Arkansas. The development site comprises approximately three acres, an existing building, and contractual rights to acquire roughly ten additional acres. It benefits from an interruptible electric service agreement with Entergy Arkansas, LLC that provides up to approximately 8.0 MW of power. During the transition period, the seller’s bitcoin mining operations will continue temporarily under a nominal-rent lease while power service and operational control shift to the acquired entity.

The transaction closed without cash or debt, settled instead with 5,000 shares of newly designated Series A Convertible Preferred Stock valued at $5 million. This marks Z Squared’s first owned, energized campus and serves as the foundation for its planned AI colocation business. Over time, the company envisions developing up to roughly 150 MW of AI-ready capacity at Union County, contingent upon new power arrangements, customer commitments, financing, permitting, and construction. Additionally, up to $20 million in preferred-stock milestone payments may be due to the seller and its affiliate, Paradox Energy LLC, should specified development targets be met. The deal was approved as a related-party transaction due to the company’s CTO holding an indirect minority interest in the seller.

Z Squared Inc. is a computing infrastructure firm that operates advanced computing equipment and is actively expanding into AI-focused data center infrastructure. Its strategy centers on acquiring energized, grid-connected sites, converting them into AI-ready colocation facilities where customers supply and operate their own hardware, and scaling capacity in a disciplined, contract-driven manner. The company’s common stock has traded on the Nasdaq Global Market under the ticker symbol ZSQR since April 2026.

Z Squared targets phased development of high-density, AI-ready capacity across multiple U.S. campuses, emphasizing power availability and site readiness as key differentiators. The Union County Campus in Arkansas is intended to support a Phase 1 objective of 100 MW of AI-ready capacity, reflecting the firm’s broader expansion into AI infrastructure, data center development, and power generation while deliberately avoiding debt-funded acquisitions. Average trading volume stands at 566,984 shares, with a technical sentiment signal of Sell. The company’s current market capitalization is $162.7 million. For a thorough assessment of ZSQR stock, visit TipRanks’ Stock Analysis page.

This story was written using TipRanks's AI tools and reviewed by a TipRanks editor.