Weeda invests SB Energy $1.5 billion and Groq values $3.5 billion

Young Weida invested $1.5 billion in SB Energy under the soft silver flag to support its 20-year data centre lease project with OpenAI, with a total capacity of 8 ITJW. Young Weida provided credit support for the first 4.25 IT-Jiva phase of the project and reserved the option of adding 3.75 IT-Jiva capacity. The project established a $80 million community fund and OpenAI contributed $40 million to the community welfare fund. Groq ' s valuation in the new round of financing amounted to $3.5 billion。