Z Squared Closes Acquisition of Paradox Data

07:43 AM EDT, 09/09/2026 (MT Newswires) -- Z Squared (ZSQR) said Wednesday it completed its acquisition of Paradox Data, adding the energized Union County Campus in Arkansas to its computing infrastructure portfolio and advancing its AI colocation strategy. The acquisition was completed entirely in stock, with no cash paid at closing and no debt financing incurred, the company said. The campus is expected to contribute to the company's previously announced goal of developing 100 megawatts of AI-ready capacity across multiple US sites, according to a statement. In August, Z Squared said the deal includes $5 million in convertible preferred stock at closing and up to $20 million in milestone-based payments in additional convertible preferred stock, tied to the development of the Union County Campus into an AI-ready data center with a capacity of up to 150 megawatts. Z Squared shares were up 2.9% in premarket activity Wednesday.