00:00It's Benzinga, bringing Wall Street to Main Street.
00:02San Francisco-based Armada raised $230 million in a Series B round,
00:08valuing the modular data center company at $2 billion, according to CNBC.
00:13Johnson Controls invested in Armada and partnered with the company to produce
00:17modular data centers at a new 400,000-square-foot Arizona factory called Galleon Forge One.
00:23The project is expected to create more than 500 jobs.
00:28Armada's modular data centers attached to existing energy sources
00:31deploy within days and enable on-site AI processing.
00:35The company sells its deployable, megawatt-scale data centers to the U.S. military,
00:41the Department of Energy, and industries including mining, oil and gas, and telecommunications.
00:47Customer bookings grew 540% from fiscal 2025 to fiscal 2026,
00:53with Q1FY 2027 posting a 2,000% year-over-year increase.
00:59For all things money, visit Benzinga.com.
Comments