Wire
Lion Group Signs MOU to Acquire AI Infrastructure Company Aquila Hash
Lion Group (LGHL) has signed a non-binding memorandum of understanding to acquire privately held artificial intelligence infrastructure company Aquila Hash, the company said Thursday.Under the proposed transaction, Lion Group would acquire 100% of Aquila Hash's issued and outstanding capital stock for consideration to be determined in definitive agreements, Lion Group said.Aquila Hash develops and operates AI infrastructure, including AI factories, GPU cloud platforms and AI-native services, the company said.Shares of Lion Group were 7% higher in early Thursday trading.
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