Datavault AI will raise $2 billion to expand its GPU edge computing network

According to Businesswire, Nasdaq-listed digital asset treasury company Datavault AI announced that it has signed a non-binding financing agreement to complete a total of $2 billion in structured financing through four phases. The counterparties will subscribe to newly issued shares of Datavault AI at a price of $1.55 to $2 per share, supported by collateral financing from its digital asset exchange and RWA tokenization business. It is reported that the new funds will be used for expanding its SanQtum GPU edge computing network, platform construction, and repaying existing debts.