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Direct expansion and funding news imply higher future utilization, potential revenue uplift, and improved liquidity; ROFR adds optionality, though near-term execution risk remains until 2026–27 milestones; equity funding could modestly dilute, but cash runway improves valuation upside.
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Corvex Inc., trading as MOVE, announced expansion at its Mid-Atlantic data center and a new operation at a Midwest site, boosting IT capacity from about 1.5 MW to roughly 8 MW by end-2026 and enabling ~3,000 GPUs. The buildout is funded by a $33 million private placement led by GS, MS, and OPP, increasing pro forma cash to about $55 million. With a right of first refusal on an additional 12.5 MW, MOVE could exceed 20 MW by 2027, prompting a near-term stock move.
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