Migdal Invests 90 Million Shekels in Stark Power's AI Data Center Expansion
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Globes · 7 hours ago
What happened
Israeli insurer Migdal invested 90 million shekels in Stark Power, a renewable energy and data center developer founded by former Nofar and Enlight executives. Stark Power recently raised 145 million shekels in total funding and acquired US-based SAGE for 50 million dollars, expanding its portfolio to over 5.5 gigawatts of data center capacity. CEO Michael Avidan said Migdal’s investment reflects confidence in the company’s strategy amid booming AI-driven infrastructure demand.
- 01Migdal invests 90 million shekels in Stark Power’s 145 million shekel funding round.
- 02Stark Power was founded by former Nofar and Enlight executives earlier this year.
- 03The company recently acquired US firm SAGE for 50 million dollars in cash.
- 04Stark Power’s portfolio includes 5.55 gigawatts of data center capacity and 1.55 gigawatts of gas power plants.
- 05CEO Michael Avidan highlighted the strategic advantage of combining energy and data center expertise.
- 06Stark Power has raised 665 million shekels from major institutional investors since going public.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
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