atNorth Acquisition & Valuation

Nxera is a regional data-centre business backed by Singtel and KKR. It operates data-centre capacity in Singapore and develops additional facilities with local partners in Southeast Asian markets. The business serves hyperscale cloud providers, enterprises and users of high-performance computing infrastructure. Its services combine secure facilities, power and cooling with access to telecommunications networks and connectivity services. Singtel launched the Nxera brand in January 2024 after establishing a partnership with KKR for the regional data-centre business. The platform has developed projects in Singapore, Thailand, Indonesia and Malaysia. Its Malaysian expansion involved a corporate joint venture with Telekom Malaysia to develop and operate an initial campus in Johor.

D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the company's LeapTM cloud service.

Rigetti Computing Inc builds quantum computers and the superconducting quantum processors that power them. The Company sells 9-qubit to 108-qubit quantum computing systems under the Novera and Cepheus trade names. Through the Rigetti Quantum Cloud Services (QCS) platform, the Company's machines can be integrated into any public, private or hybrid cloud. The Company also operates in Fremont, California; London, United Kingdom; Adelaide, Australia; British Columbia, Canada and Mumbai, India. The Company's revenue is derived from operations in the United States and the United Kingdom.

Lumen Technologies is one of the largest telecommunications carriers serving global enterprises. The merger with Level 3 in 2017, the 2022 divestiture of much of its local phone business in rural areas, and the 2026 sale of its remaining consumer fiber network to AT&T have shifted the company’s operations away from the legacy consumer business and toward enterprises services, which account for about 90% of revenue. Lumen offers businesses a full suite of communications services, providing colocation and data center services, data transportation, phone service, and internet access.

Core Scientific Inc is engaged in designing, building, and operating digital infrastructure for high-density colocation services and digital asset mining. The business operates in three operating segments: Digital Asset Self-Mining, consisting of performing digital asset mining for its own account, Digital Asset Hosted Mining, consisting of providing hosting services to third parties for digital asset mining, and Colocation, consisting of providing high-density colocation services to third parties for AI / HPC operations. The majority of revenue is derived from the Digital Asset Self-Mining Segment.

GDS Holdings started as an IT service provider in 2001, then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates, and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. Its data centers are located predominantly in and around the Tier 1 cities in China, and it has also started expanding into Southeast Asia via the now 23% owned DayOne. GDS listed on the Nasdaq in 2016 and completed a secondary listing in Hong Kong in 2020.

Yotta Infrastructure is a Mumbai-headquartered data center operator, part of the Hiranandani Group, managing India's largest hyperscale parks in Greater Noida and Panvel. Launched in 2021, the company offers colocation, cloud services via Yotta D1, managed security, and connectivity with capacities exceeding 500 MW. It hosts clients like Google Cloud and NVIDIA, achieving Tier 3+ certifications. Yotta Infrastructure spans 4 million square feet, supporting AI workloads and edge computing across India with fiber connectivity to Mumbai financial hubs.

Insight Enterprises Inc is a Fortune IT provider engaged in helping businesses of all sizes, large enterprises, government agencies, schools, and healthcare organizations. The company has three geographic operating segments: North America, EMEA, and APAC. It generates maximum revenue from the North America segment. The company provides digital workplace, cloud/data center transformation, IT modernization, Cyber Security and supply chain optimization solutions and services.

Vultr is a Miami-headquartered cloud infrastructure platform offering NVIDIA GPUs, AMD CPUs, and GPUs in 32 global regions. Founded in 2014, it provides bare metal servers, cloud compute, managed Kubernetes, databases, storage, and networking services. Recognized by IDC as a Major Contender in the 2025 Public Cloud MarketScape, Vultr supports AI workloads for enterprises via hourly billing and a marketplace of integrated partners.

Orange & Morrison (JV) is a property developer that constructs and leases facilities designed for high-density computing and data storage operations.

Applied Digital Corp is a U.S. based designer, developer, owner, and operator of large-scale, purpose-built data centers engineered to support high-performance computing (HPC) workloads, including artificial intelligence (AI), machine learning, and other accelerated-compute applications. It design, build, and operate high-performance, sustainably engineered data centers which it refer to as AI factories and deliver that capacity to investment-grade hyper scalers and other compute customers under long-term lease and hosting arrangements. The company has two segments Data Center Hosting Business, and HPC Hosting Business. The company generates majority of revenue from Data Center Hosting Business segment. Its solutions are Digital Infrastructure, and AI Factories.

Nxtra Data is a data center services provider and fully owned Bharti Airtel subsidiary serving enterprises, SMBs, global clients, and government in India. Nxtra Data supplies colocation, cloud infrastructure, managed hosting, data backup, disaster recovery, and remote management across 198,000 sq. ft. of space.

NextDC operates 17 data centers in Australian cities with a focus on colocation and interconnection between enterprises, global cloud, and ICT providers and telecommunication networks. It has another 2 data centers in Asia and 13 data centers in development or planning stage in Australia, Asia and New Zealand. NextDC provides physical space, cooling, power and security services and offers optional technical and project management support. The company’s tenants store their servers within the data center and can connect to each other, to and between global public cloud providers and telecommunication network providers via physical and virtual connections. Colocation services allow enterprises to enhance security of data transmission and reduce latency.

Khazna is a Dubai-headquartered operator of wholesale data centers across the UAE. It designs, builds, and manages Tier III-certified facilities in locations including Abu Dhabi, Dubai, and Sharjah, delivering carrier-neutral colocation, cloud connectivity, and managed hosting services. The company supports hyperscale deployments with capacities exceeding 100 MW, emphasizing seismic-resistant structures, advanced cooling systems, and 100% uptime SLAs. Khazna serves telecom operators, financial institutions, and government entities, expanding to Saudi Arabia with a 30 MW facility launched in 2023.

Echelon Data Centres is an Ireland-headquartered developer and operator of hyperscale data centers across Europe. The company manages campuses in Dublin and London, with facilities offering up to 50MW capacity per site and sustainability features like renewable energy sourcing. Echelon Data Centres serves cloud providers and enterprises with colocation, connectivity, and wholesale services. Launched in 2015, it emphasizes carrier-neutral designs and expansion into Central Europe.

Xsight Labs is a Tel Aviv-headquartered developer of chiplet-based processors for data center workloads including AI training and inference. The company designs scalable compute architectures using advanced packaging to boost performance per watt in cloud environments. Its Orion platform targets hyperscale data centers with disaggregated cores for machine learning acceleration. Founded in 2021, Xsight Labs partners with TSMC for fabrication and focuses on rack-scale systems deployable by 2025.

Beijing Sinnet Technology Co Ltd is a professional data center and cloud computing service provider in China. The company's main business is Internet data center services (IDC and its value-added services), cloud computing services, Internet broadband access services (ISP) and other Internet integrated services.

Ionic Digital Inc intends to be a leading bitcoin mining company, as part of the digital assets ecosystem.