Squared Inc. to buy El Dorado data center owner Paradox Data, LLC | Northwest Arkansas Democrat-Gazette

Squared Inc., a Florida-based digital information company, said it has expanded its previously announced majority-interest plans into a full acquisition of Paradox Data LLC and its El Dorado data center. The deal centers on Paradox Data’s Union County campus at 713 Industrial Road. The site has an existing electric service agreement with Entergy Arkansas to supply up to 8 megawatts. Squared’s operations include crypto mining, data center development and high-performance computer hosting. The transaction involves transferring Series A convertible preferred stock of Z Squared with no cash at closing and no debt financing. At closing, $5 million converts to common stock at $7.45 per share, with up to $20 million more tied to development milestones.