Sources: Panthalassa, which aims to power data centers in the ocean using energy generated by waves, is raising $225M at a ~$2B valuation, up from $1B in May
THE SO WHAT
A near-doubling to a ~$2B valuation for ocean-powered data centers in three months shows how acute the AI power squeeze has become. If you’re planning large-scale AI infra, you now have to evaluate non-traditional siting — offshore, nuclear-adjacent, or co-located with stranded renewables — alongside the usual cloud regions.
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