TECfusions
TECfusions develops and operates high-density data centers for AI and HPC. It converts legacy industrial sites into power-enabled facilities and leases the capacity to hyperscalers, neocloud tenants such as TensorWave, and enterprise AI customers. Sites include Clarksville (VA), Tucson (AZ) and New Kensington (PA), and the company is planning to scale New Kensington to as much as 3GW. In July 2026 it signed a business combination agreement with SPAC Apex Treasury Corp. (Nasdaq: APXT) at a $4.0B pre-money equity value, with a $35M PIPE. PitchBook lists $300M of debt financing in 2024.
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