Gorilla Enters U.S. Market with 36 MW Data Centre Deal and 100+ MW AI Expansion Plan
GRRR sits 34% above its 52-week low of $9.04.
Summary
Gorilla Technology signed a non-binding letter of intent to acquire its first U.S. data centre, an operating facility with 6 MW of current capacity and a pathway to 36 MW. The company targets closing by end of November 2026. Management frames this as the foundation for a broader U.S. AI infrastructure platform, with ambitions to exceed 100 MW of total site power within 12-18 months through additional acquisitions and customer-led GPU deployments. The deal follows a series of convertible note offerings that raised $232M in gross proceeds, providing capital for this expansion. The acquisition is still subject to due diligence and definitive agreements, so execution risk remains, but the strategic shift into owned U.S. data centre infrastructure is a material development for a company with a $328M market cap.
At the time of this announcement, GRRR was trading at $12.12 on NASDAQ in the Technology sector, with a market capitalization of approximately $328.5M. The 52-week trading range was $9.04 to $23.49. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: TMX Newsfile.