# Z Squared signs deal for full control of Arkansas data-center campus

_Published Monday, August 24, 2026 at 12:07 PM EDT · Infrastructure · Latest · Tier 2 — Notable_

![Z Squared signs deal for full control of Arkansas data-center campus — DCD](https://media.datacenterdynamics.com/media/images/Screenshot_2026-08-24_131653.2e16d0ba.fill-1200x630.png)

Z Squared has signed a definitive agreement to acquire all of Paradox Data, taking control of its Union County data-center campus near El Dorado, Arkansas. The revised deal replaces a previously announced plan for a 51% stake. Z Squared will issue $5 million of convertible preferred stock at closing, while up to $20 million more is tied to AI-compute energization and capacity milestones through 150MW. The company says the campus is intended for AI and high-performance computing workloads.

## Sources

- [DCD](https://www.datacenterdynamics.com/en/news/z-squared-agrees-to-acquire-full-ownership-of-paradox-data/)

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Canonical: https://techandbusiness.org/newswire/hYyZ8muOy0AjSg_KwD6OYi
Published: 2026-08-24T16:07:50.072Z
Story chronology: 2026-08-24T14:29:12.000Z
Retrieved: 2026-10-08T19:40:17.789Z
Publisher: Tech & Business (techandbusiness.org)