Business

Armada Raises $230 Million for Arizona Data Center Expansion

Updated 2026-05-19 10:50 UTC 1 source Positive

Modular data center builder Armada has secured a significant funding round of $230 million, with BlackRock as a new investor. The company plans to use the funds to build a new factory in Arizona.

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CNBC

Modular data center builder Armada raises $230 million, to build new Arizona factory with new investor Johnson Controls

Modular data center builder Armada has raised $230 million from investors at a valuation of $2 billion, with BlackRock becoming a new investor.

2026-05-19 10:31 UTC