US Capital Global Engaged by High Performance Computing Provider as Strategic Advisor for $10.65MM Capital Formation
Global private financial group engaged as strategic advisor by Denvr Dataworks Corp., a North American High Performance Computing provider.
SAN FRANCISCO, DECEMBER 2020 – US Capital Global has been engaged by Denvr Dataworks Corp. (“Denvr”) as its strategic financial advisor for a $10.65 million capital formation. Denvr utilizes high-efficiency, liquid cooled data centers powered by clean energy to deliver High Performance Computing. The company is building 5MW of ultra-high- efficiency, liquid immersion cooled data centers located in Alberta, Canada.
With a simplified power supply chain with liquid cooling technology alongside ultra-efficient data center operations, Denvr enjoys 43% lower cost to operate and 50% lower capital expenditure to deploy its data centers. Denvr focuses its platform on customers utilizing Data Science, Artificial Intelligence, or Machine Learning and related technologies, while offering its services at a price point that is 40% lower than that of their competitors, all while remaining highly profitable. Denvr’s utilization of clean technology enables the company to save 5,500 metric tonnes of CO2 per year per MW of operational data center, an efficiency that is 39% better than the industry average.
Headquartered in San Francisco, US Capital Global is a full-service, global private financial group with an established track record in investment banking, asset management, and capital formation services. The firm provides sophisticated debt, equity, and investment products to lower middle market companies and investors. All securities are offered by the group through its FINRA- member broker-dealer affiliate, US Capital Global Securities LLC.
“We have been energized by collaborating with US Capital Global on this equity financing,” said Geoff Gordon, Chairman at Denvr. “US Capital Global has a strong background in financial advisory for tech firms, with a growing focus on clean technology and a long history of serving lower middle market businesses across the United States, Europe, and Canada. We look forward to their continued financial expertise as Denvr leads the way in High Performance Computing for Artificial Intelligence or Machine Learning, Data Science, and related technologies.”
“We are very pleased to be supporting this innovative HPCaaS provider and energy-efficient data center developer in Alberta, where HPCaaS is under-serviced,” said Jeffrey Sweeney, Chairman and CEO at US Capital Global. “From renewable energy and recycling companies to sustainable developers, we have a long history of working with companies that utilize CleanTech and other innovative means to pave the way for a new, more enlightened approach to the way we live. Denvr is leading the way in new levels of energy efficiency and a radical reduction of the industry’s carbon footprint.”
About Denvr Dataworks Corp.
With offices in Calgary, Alberta and data centers in Alberta, Canada, Denvr Dataworks Corp. (“Denvr”) utilizes high-efficiency liquid cooled data centers powered by clean energy to deliver Cloud Computing and High Performance Computing as a Service (HPCaaS). By operating a simplified power supply chain alongside cutting-edge clean technology, Denvr runs industry- leading Power Usage Effectiveness (PUE) ratings while benefiting clients with the lowest industry prices in North America, making it a clean technology leader at the forefront of industry compute performance. www.denvrdata.com
About US Capital Global
Established in 1998, US Capital Global leverages the latest FinTech and RegTech innovation to provide sophisticated debt, equity, and investment products to lower middle market companies and investors. The US Capital Global group manages direct investment funds and provides wealth management and capital raise services through its affiliates, including US Capital Global Investment Management LLC, US Capital Global Wealth Management LLC, and its FINRA- member broker-dealer, US Capital Global Securities LLC. The group collaborates closely with its peers in professional banking and investment advisory. www.uscapglobal.com.
To learn more about US Capital Global, email Jeffrey Sweeney, Chairman and CEO, at jsweeney@uscapglobal.com or call +1 415-889-1010.
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