ZSQR - Z Squared Inc. Stock Information
Key Finding: Z Squared Inc. (NASDAQ: ZSQR) is a 2022-founded digital infrastructure company primarily engaged in cryptocurrency mining that is rapidly pivoting toward AI data center development through acquisitions, equity raises, and index inclusions, with highly volatile stock performance reflecting its small size and early-stage growth strategy.
Company Overview
- Core business: Operates as a computing and digital infrastructure company focused on digital asset mining (Dogecoin and Litecoin via Scrypt-algorithm ASIC hardware merged mining) across six facilities in North Carolina, South Carolina, and Iowa.
- Expansion focus: Actively expanding into AI infrastructure, including data center development and power capacity targets (e.g., Phase 1 plans for 100 MW AI-ready infrastructure).
- Headquarters: Fort Lauderdale, Florida.
- Employees: Approximately 6.
- CEO: David Halabu.
- Website/IR: ir.zsquaredinc.com
Company History
- Founded: December 2022.
- April 2026: Completed reverse merger and rebranded the public entity.
- 2026 developments: Multiple equity financings, leadership appointments (e.g., Jeffrey Harris as CTO in June 2026), acquisitions (e.g., majority interest in Paradox Data and its data center; LOI for Skycore), and inclusion in Russell 2000/3000 Indexes.
- Interpretation: The company appears to be leveraging its mining infrastructure and power assets as a foundation for higher-growth AI opportunities, consistent with industry trends in compute repurposing.
- Uncertainties: Long-term success depends on execution of AI pivot, regulatory environment for crypto mining, and ability to secure additional capital without excessive dilution.
Recent News (as of July 2026)
- July 2026: Launched At-the-Market (ATM) equity offering program; filed automatic mixed securities shelf.
- June 2026: Appointed Jeffrey Harris as Chief Technology Officer; raised ~$15.3 million in non-debt capital; added to Russell 2000 and Russell 3000 Indexes; confirmed official AI infrastructure strategy.
- May-June 2026: Announced plans for AI data center expansion; entered $50M committed equity forward purchase agreement; moved to acquire majority of Paradox Data; filed for various share sales.
- April 2026: Completed reverse merger and rebranding.
Sources for news: Yahoo Finance, StockTitan, Nasdaq
Stock Performance
Recent closing prices (snapshots from early-mid July 2026 data): Approximately $7.04 (down 17% on one session), with intraday ranges showing high volatility (e.g., $7.08–$8.80).
| Metric | Value (approximate, as of early July 2026) |
|---|
| Market Cap | $360M – $580M |
| 52-Week Range | ~$6.94 – $21.41 |
| Recent Price | $6.97 – $8.49 |
| P/E Ratio | -2.87 (negative, unprofitable) |
| Trailing Revenue | $1.4M |
| Net Income (TTM) | -$11.9M |
| 1-Year Performance | Declines of 44–54% reported in various snapshots |
- Interpretation: Extreme volatility and recent declines suggest market skepticism or profit-taking following rapid run-ups and dilution from equity raises; small float and low float amplify moves.
- Uncertainties: Exact current price and volume fluctuate intraday; performance metrics vary by source and date.
Links for More Information
Data Limitations & Assumptions: Information compiled from web search results dated around July 8–9, 2026 (current date July 10, 2026). Stock prices are highly volatile and change rapidly—verify real-time quotes on exchange sites. Financials are trailing/twelve-month estimates; no audited details or forward guidance included. Company is very small and recently public via reverse merger, increasing risks of limited liquidity, dilution, and execution uncertainty. All facts drawn from public sources; interpretations are analyst-style observations only.