FORT LAUDERDALE, Fla. On November 4, 2026 / PRNewswire / -- Z Squared Inc. (Nasdaq ticker: ZSQR) ("Z Squared" or "the Company") announced today that the Board of Directors has elected the Company's Chief Technology Officer, Jeffery Harris, to serve as a director, effective November 3, 2026. The Board's decision is based on nominations and recommendations from the Corporate Governance Committee. Mr. Harris will fill the vacancy left by a director who resigned in May 2026 and will continue to serve as Chief Technology Officer.
Currently, the board of directors consists of 5 members, 3 of whom are independent directors in accordance with NASDAQ listing requirements. Mr. Harris will not join any of the board committees, and as an employee of the company, he will not receive any additional remuneration for his role as a director.
The strategy of Z Squared is to acquire existing power stations that are already connected to the grid and transform them into computing capacity suitable for AI. The company invests capital in the transformation of each station one by one, provided that a contract has been signed and the conditions for operation are met. Whether a particular station is worth acquiring and how it should be constructed depend mainly on engineering factors: how much electricity it can provide, how well it can dissipate heat under high-density conditions, what the transformation costs are, and how long it will take to put it into use. As the company advances towards its first-phase goal of achieving 100 megawatts of AI ready capacity at multiple sites in the United States, including the Chief Technology Officer in the board of directors also means that technical judgment will directly participate in the board's supervision of site selection and capital deployment.
"Every decision made by the board of directors regarding where to go next is, in essence, a land-related decision that relies on power supply: which location to choose, how much power is available there, how to connect to the power grid, and what the cost of renovation will be," said Z Squared CEO David Halabu. "My entire career at Jeff has revolved around these issues. Having him sit at the board table means that our capital decisions will incorporate this kind of judgment."
"Electricity, heat dissipation, and density are the constraints that define the infrastructure for AI," said Mr. Harris. "My job is to ensure that every site we consider and every dollar we invest is measured against these criteria. We don't build based on speculation. We design according to what our customers truly need, and we only invest in renovation capital after signing a contract, not based on predictions. In this market, the biggest issue is how these construction projects can obtain financial support, and this discipline is very important. I am very grateful to the board of directors for giving me this opportunity to help the company adhere to this principle."
About Jeffery Harris
Mr. Harris has served as the Chief Technology Officer of the company since June 24, 2026. Since May 2025, he has also held the positions of Chief Technology Officer for Paradox Data and LLC. The company was acquired by Z Squared on September 8, 2026, and is now a wholly-owned subsidiary of it. At Paradox Data, he is responsible for technical strategy, platform architecture, as well as the design and deployment of high-density immersion cooling digital infrastructure for data-intensive workloads. From April 2022 to May 2025, he served as the Executive President of Paradox Infrastructure, in charge of strategy and operations, including the firmware integration of computing platforms and immersion cooling systems. From April 2020 to December 2021, he was the Executive President of Xero Labs, a company that provides firmware and cluster management services for cryptocurrency mining hardware.
His work also includes modular data center architecture, as well as campus-level development in markets with superior power conditions. He has collaborated with utility companies to ensure that data center design is coordinated with grid-connected operations. He studied electrical engineering and cryptography engineering at the United States Naval Academy, provided support for military applications in the field of avionics in the United States, and served in microelectronics projects for the U.S. Navy.
Regarding Z Squared Inc.
Z Squared Inc (Nasdaq ticker: ZSQR) is a computing infrastructure company that operates advanced computing equipment and is expanding into AI infrastructure. The company's approach is based on three principles: prioritizing power, building for AI workloads, and expanding with discipline. For more information, please visit www.zsquaredinc.com.
Investor Relations Contact Information: ir @ zsquaredinc.com
Forward-looking Statements
This press release contains “forward-looking statements” as defined by Section 27A of the Securities Act of 1933 (as amended), Section 21E of the Securities Exchange Act of 1934 (as amended), and the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements other than historical facts and may be identified by words such as “我们预计”, “we believe”, “we intend”, “we estimate”, “we anticipate”, “we expect”, “our goal is”, “we plan”, “it is possible”, “we intend to”, “we plan”, “we seek”, “we should”, “our strategy is”, “our objective is”, “we will”, and similar phrases. The forward-looking statements in this press release include, but are not limited to: the company’s first-phase goal of achieving 100 megawatts of AI ready capacity at multiple sites in the United States; the company’s strategy to acquire power sites that are already connected to the grid and transform them into AI ready capacity; the company’s approach to site selection and capital deployment for transformation, including its intention to invest in transformation capital after signing customer contracts; the expected contribution of Mr. Harris as a director; and the company’s strategic expansion into AI, high-density computing, data centers, and power generation infrastructure.
Forward-looking statements are based on management's current expectations and assumptions and are subject to risks and uncertainties, many of which are beyond the company's control and may result in significant differences between actual results and those expressed or implied. These risks and uncertainties include, but are not limited to: the company's ability to continue as a going concern and to obtain the financing required for its operations and growth strategies; the company's ability to implement its expansion strategies in AI, high-density computing, data centers, and power generation infrastructure; the company's ability to obtain additional power arrangements, tenant commitments, financing, licenses, and construction resources required to develop site capacity; the company's ability to complete, finance, and integrate acquisitions, including the integration of Paradox Data and LLC; the company's limited operating history in AI infrastructure and data center development; fluctuations in the prices of Dogecoin and Litecoin and fluctuations in the profitability of the company's digital asset mining business; the company's dependence on a single third-party provider to host and operate its digital asset mining fleet; the company's dependence on key personnel, including Mr. Harris; and other risks and uncertainties described in the company's filings with the U.S. Securities and Exchange Commission, including its 10-K annual reports, 10-Q quarterly reports, and 8-K filings.
Forward-looking statements are only valid as of the date of this press release. Except as required by applicable laws, the company assumes no obligation to update or revise any forward-looking statements due to new information, future events, or other reasons.
