tiprankstipranks
Centuria Capital Dives into Energy-Efficient Data Storage
Company Announcements

Centuria Capital Dives into Energy-Efficient Data Storage

Centuria Capital Group (AU:CNI) has released an update.

Don't Miss our Black Friday Offers:

Centuria Capital Group has acquired a 50% interest in ResetData Pty Limited, a company specializing in Liquid Immersion Cooled (LIC) data centers, for up to $21 million. This strategic move taps into the burgeoning market for energy-efficient data storage and AI, with ResetData’s technology allowing for significant space and energy savings. The deal is expected to enhance Centuria’s property valuations and rental income streams, positioning the company at the forefront of a rapidly evolving data center sector.

For further insights into AU:CNI stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App