Key Highlights

● Gorilla signed a non-binding letter of intent for its first US data-centre acquisition.

● The target has 6 MW of capacity and utility support for 30 MW more.

● First-half 2026 revenue was US$78.4 million, up 99% year on year.

● Full-year 2026 revenue guidance was raised to at least US$200 million.

Latest verified development

On 9 October 2026 Gorilla Technology Group Inc. (NASDAQ:GRRR) announced its first proposed US data-centre acquisition, alongside a plan to build more than 100 MW of US capacity within 12 to 18 months. The release says Gorilla has signed only a non-binding letter of intent, so no definitive agreement exists. The price and financing terms were not disclosed, and the US location of the facility was not named.

The target is an operating data centre with about 6 MW of current utility capacity. Written utility support covers roughly 30 MW more, for a potential total of about 36 MW, although the utility estimates around 18 months to deliver the additional capacity.

Conditions and timing

Gorilla targets closing by the end of November 2026, subject to satisfactory due diligence on the tenant base, leases and operating history, internal approvals, signed definitive agreements and customary closing conditions. Chief executive Jay Chandan said the company was not entering the United States simply to acquire a building, and chief financial officer Bruce Bower described the deal as a base from which to pursue more capacity.

The wider 100 MW ambition would rely on further acquisitions, expansion and customer-funded GPU deployments, which are plans and not commitments.

The company, which offers security, network, business intelligence and Internet of Things solutions and has roughly 200 employees, is therefore redefining itself around AI infrastructure. A building with 6 MW of capacity is a modest start against the 100 MW goal, and the additional 30 MW depends on utility delivery over about 18 months.

Latest reported results

Gorilla reported first-half 2026 results on 24 August. Revenue was US$78.4 million, up 99% year on year, and second-quarter growth was about 138%, according to market data. The operating loss was reduced by about 95%. Cash was about US$179 million.

Management raised full-year 2026 revenue guidance to at least US$200 million and gave 2027 revenue guidance of US$450 million to US$500 million. The company reported full-year 2025 revenue of US$101.4 million.

Funding and contracts

The strategy is capital-intensive. In July Gorilla priced a US$125 million senior unsecured convertible bond offering to start a data-centre project in Batam, Indonesia, and it announced a US$2.5 billion five-year AI GPU-as-a-service compute contract. On 27 August Fitch assigned a first-time B- rating with a positive outlook.

Further items include a multi-year Taiwan national AI infrastructure contract announced around 23 September and the move of its Yotta AI programme in India into physical execution on 8 September.

On 1 July the company completed its acquisition of Shackleton Finance and launched Gorilla Tech Capital, and in July it announced delivery of a contingent value right payment notice.

From letter of intent to 100 MW

The 9 October letter of intent is non-binding and targets a close by the end of November 2026, with price and financing terms still undisclosed. The step from 6 MW toward 100 MW therefore depends first on a definitive agreement, and then on the further acquisitions, expansion and customer-funded GPU deployments the plan relies on.