SB Energy, Backed by $1.8B in Funding, Eyes US IPO for AI Data Center Expansion

According to Bloomberg, SB Energy, a SoftBank-backed digital infrastructure company, plans to confidentially file for a US initial public offering to fund AI data center expansion. The Redwood City, California-based firm has raised over $1.8 billion from SoftBank, OpenAI, and Ares Management. Recent projects include a $33 billion natural gas plant in Piketon, Ohio, and a 1.2 gigawatt data center in Texas for OpenAI, following $500 million investments from OpenAI and SoftBank each in January.
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