Gorilla Technology Group Inc.

Gorilla Advances U.S. Market Entry with Proposed 36 MW Data Centre Acquisition and 100+ MW AI Infrastructure Expansion Plan

Gorilla Technology signed a non-binding letter of intent to acquire its first US data centre, an operating colocation facility with about 6 MW of utility capacity and a pathway to 36 MW of total site power. The local utility has provided written support for roughly 30 MW of additional power on an approximately 18-month delivery timetable, and Gorilla targets closing by the end of November 2026, subject to diligence and definitive agreements. The company frames the deal as the foundation of a US AI infrastructure platform targeting more than 100 MW of capacity over the next 12-18 months, combining owned infrastructure with customer-led GPU deployments. No purchase price was disclosed, and the deal remains non-binding, so execution and financing risk is substantial.

•0mo ago

Gorilla Technology Wins Major National AI Intelligence Infrastructure Expansion in Taiwan

Gorilla Technology won a multi-year contract expansion with one of Asia-Pacific's largest criminal investigation bureaus in Taiwan, valued only vaguely as 'in the tens of millions of dollars.' The programme adds next-generation GPU infrastructure including NVIDIA B300 systems, plus AI-powered analytics and intelligence data integration, with deployment from Q4 2026 through Q4 2027 and three years of support. This is a repeat national-security customer expanding Gorilla's footprint — management frames it as validation of its compute-plus-intelligence strategy, but the unquantified value warrants caution on near-term revenue impact.

•1mo ago

Gorilla Technology Moves Yotta AI Infrastructure Programme into Physical Execution

Gorilla Technology says equipment deliveries are now under way for its Yotta AI infrastructure programme in India, marking the shift from signed contracts and capital deployment into physical execution. The phased deployment covers AI infrastructure exceeding 25,000 GPUs, which management says reinforces its previously stated ambition of approximately US$500 million in revenue in 2027. CEO Jay Chandan called it an inflection point and said additional demand requirements of up to 30,000 GPUs could potentially double the company's GPU footprint, though that expansion is still exploratory rather than contracted.

•2mo ago

Fitch Assigns Gorilla Technology First-Time 'B-' Rating with Positive Outlook

Fitch Ratings assigned Gorilla Technology a first-time Long-Term Issuer Default Rating of 'B-' with a Positive Outlook, citing the company's deleveraging potential and growth strategy. The rating agency noted strong demand in the South & South-East Asian AI infrastructure market and expects dividends from project SPVs to begin flowing to the parent by 2029 or earlier. Management views the rating as a milestone that will broaden sources of capital and strengthen funding resilience for its global expansion.

•2mo ago

Gorilla Technology H1 Revenue Surges 99% to US$78.4 Million; Raises FY2026 Revenue Outlook to at Least US$200 Million

Gorilla Technology reported H1 2026 revenue of $78.4 million, surging 99.3% year-over-year, driven by accelerated AI infrastructure and data-centre program deliveries. The company raised its FY2026 revenue outlook to at least $200 million and announced 2027 guidance targeting $450 million to $500 million, signaling confidence in its scaling capabilities. While reported operating losses widened due to $25.4 million in stock-based compensation and infrastructure investments, cash position strengthened to $179.4 million and operating cash usage declined by 65%.

•2mo ago

Gorilla Technology Accelerates Execution Across its Asian AI Infrastructure Platform

Gorilla Technology announced that $232 million in recent bond financings are being deployed to accelerate execution of its AI infrastructure programs across India, Indonesia, and Thailand. The funds primarily support the NeutraDC Batam programme and the company's equity contribution to the Yotta 2 project, facilitating the transition from signed contracts to physical deployment. The NeutraDC Batam programme remains on schedule, targeting initial deployments in September and December 2026, underpinning a signed five-year contract worth approximately $2.5 billion. In India, the Yotta 1 and Yotta 2 deployments are advancing ahead of schedule, with Yotta 2 structured to support 20,736 GPUs and holding an estimated project value of $2.5 billion. Additionally, the Korat 200MW campus in Thailand is advancing towards commercialization with a potential gross revenue of $16 billion to $18 billion over five years, though this remains subject to final contracting. The recent bond conversions are priced at a 52% premium to the prior close, offering downside protection versus immediate dilution.

•3mo ago

Gorilla Technology Completes Acquisition of Shackleton Finance and Launches Gorilla Tech Capital

Gorilla Technology Group completed its acquisition of Shackleton Finance and launched Gorilla Tech Capital, a regulated platform designed to mobilize institutional capital for AI infrastructure and data center projects. The new entity will target long-term capital from pension and sovereign wealth funds to finance Gorilla's pipeline, explicitly aiming to reduce the company's reliance on dilutive equity financing. CEO Jay Chandan emphasized that the platform provides a strategic tool to fund growth intelligently with institutional capital, thereby avoiding unnecessary dilution to shareholders.

•4mo ago

Gorilla Technology Raises Q2 2026 Revenue Outlook to at Least US$44 Million, Driven by Contract Wins and Accelerating AI Infrastructure Demand

Gorilla Technology raised its Q2 2026 revenue outlook to at least $44.0 million, significantly above external estimates of $33.9 million. The updated guidance reflects execution on active contracts and accelerating demand for AI infrastructure, implying more than 55% sequential growth and over 100% year-on-year growth. The company plans to provide further updates to its full-year 2026 guidance when it reports Q2 and first-half results.

•4mo ago

Gorilla Technology Secures Transformational US$2.5 Billion Five-Year AI GPUaaS Compute Contract, Converting AI Data Centre Capacity into Long-Term Contracted Revenue

Gorilla Technology signed a five-year AI compute infrastructure contract worth approximately US$2.5 billion with a high investment-grade customer to be hosted at NeutraDC Batam. The first phase involves deploying 1,000 B300 GPU servers expected to generate US$1.3 billion, with initial rollout targeted for September 2026 and 70% of project costs covered by debt financing. Management stated the contract converts secured capacity into contracted revenue, confirming it will provide an updated financial outlook to reflect the commercial acceleration.

•4mo ago

Gorilla Technology Announces $2 Billion AI Infrastructure Deal in India with Supermicro, Expanding Strategic Collaboration Across Asia Pacific

Gorilla Technology announced the closure of a $2 billion AI infrastructure supply deal with Supermicro in India, securing 20,736 B300 and 5,120 B200 GPU cards for its Yotta project. The agreement includes a strategic framework to jointly pursue multi-billion-dollar opportunities across the Asia Pacific region, targeting hyperscale data centers, sovereign AI initiatives, and enterprise transformations. Gorilla’s CEO Jay Chandan emphasized that the deal is backed by real execution, noting that current Yotta deployments in India are already supporting approximately $2 billion of GPU and networking infrastructure procurement.

•5mo ago

Gorilla Technology Converts Growth Into Cash: Q1 Revenue Up 55%, Operating Cash Flow Turns Positive & Full Year Guidance Raised

Gorilla Technology reported Q1 2026 revenue of $28.2 million, a 55% year-over-year increase, driven by strong execution in its AI infrastructure and security intelligence segments. Operating cash flow swung to a positive $6.6 million, a $17.3 million improvement from the prior year, while the cash balance grew 373% to $98.4 million. The company raised its full-year 2026 revenue guidance to a range of $160 million to $200 million. The reported GAAP operating loss of $41.1 million was largely non-cash, driven by $20.9 million in stock-based compensation and $18.9 million in foreign exchange losses, masking the underlying cash generation and positive adjusted EBITDA trajectory.

•5mo ago

Gorilla Technology Secures Strategic AI Data Centre Capacity with NeutraDC, Accelerating Commercial AI Deployment Across Asia

Gorilla Technology has entered into a strategic agreement with NeutraDC to secure 5.5 megawatts of data center capacity in Batam, Indonesia, with plans to scale to 18MW by November 2026. The deal supports Gorilla’s broader strategy to aggregate 150MW–200MW of capacity across Asia over the next year, positioning the company to meet accelerating demand for AI compute and enterprise workloads. Management estimates that fully utilized deployments associated with this capacity could generate over $2 billion in revenue over five years, though the agreement remains subject to final definitive documentation and customer due diligence.

•5mo ago

Gorilla Technology and CHELPIS Accelerate Quantum-Safe SD-WAN to Global Market Deployment, Securing Sovereign Infrastructure for the Post-Quantum Era

Gorilla Technology signed a strategic MOU with CHELPIS Quantum to integrate post-quantum cryptography into its SD-WAN platform, accelerating the product from architecture to commercial readiness. The deal grants Gorilla global resale rights to CHELPIS’s PQC portfolio, including NIST-validated libraries, positioning the company to capture premium contract values in regulated sectors like banking and government. Management views this as a critical step in monetizing the convergence of the $30B SD-WAN market and the emerging $10B post-quantum cryptography market, with availability targeted for April 2026.

•5mo ago

Gorilla Technology Secures 200MW Thailand AI Campus to Power Southeast Asia's Next Wave of AI Compute

Gorilla Technology acquired a strategic land site in Korat, Thailand to develop a planned 200MW AI data center campus designed to meet rising compute demand in Southeast Asia. The company targets approximately $1.5 billion in annualized revenue from the campus starting in 2028, with the facility intended to support 150MW of IT load and roughly 76,000 GPUs at full deployment. Construction is expected to commence in July 2026, with the first phase targeted for completion by Q1 2027, pending final engineering, permitting, and financing.

•6mo ago

Gorilla Technology & Yotta Expand India AI Infrastructure Collaboration in Project Valued at Approximately US$2.8 Billion

Gorilla Technology significantly expanded its AI infrastructure collaboration with Yotta Data Services, securing contracts for an additional 20,736 B300 GPU cards valued at approximately US$2.8 billion. The deployment is scheduled for completion by September 30, 2026, and includes a major engagement with NVIDIA, which is expected to account for roughly half of the offtake through a 4-year commitment for one of APAC's largest DGX Cloud clusters. This expansion builds on a previously announced framework to deploy over 5,000 GPUs, deepening Gorilla's role in India's sovereign and enterprise AI infrastructure buildout.

•6mo ago