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Data Center Rack Market size is set to grow by USD 2.07 billion from 2024-2028, Increasing investments in data centers to boost the market growth, Technavio

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NEW YORK, July 24, 2024 /PRNewswire/ — The global data center rack market size is estimated to grow by USD 2.07 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 12.66% during the forecast period. Increasing investments in data centers is driving market growth, with a trend towards growing need for edge computing. However, increasing focus on data center consolidation poses a challenge. Key market players include Belden Inc., Black Box Ltd., Chatsworth Products Inc., Cisco Systems Inc., CONTEG spol sro, Databricks Inc., Dell Technologies Inc., Delta Electronics Inc., Eaton Corp. Plc, Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Legrand, nVent Electric Plc, Oracle Corp., Panduit Corp., RackSolutions Inc., Rittal GmbH and Co. KG, Schneider Electric SE, and Vertiv Holdings Co..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Server rack and Network rack), Product Specification (Medium, Large, and Small), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Belden Inc., Black Box Ltd., Chatsworth Products Inc., Cisco Systems Inc., CONTEG spol sro, Databricks Inc., Dell Technologies Inc., Delta Electronics Inc., Eaton Corp. Plc, Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Legrand, nVent Electric Plc, Oracle Corp., Panduit Corp., RackSolutions Inc., Rittal GmbH and Co. KG, Schneider Electric SE, and Vertiv Holdings Co.

Key Market Trends Fueling Growth

The global data center rack market is experiencing significant growth due to the increasing adoption of edge computing. Edge computing, a model that processes IoT device-generated data at the network edge, is gaining popularity with the proliferation of Internet-connected devices. By 2024, IDC projects that 157 zettabytes of data will be generated globally, with 20% originating at the edge. Real-time processing needs for emerging applications such as autonomous vehicles, industrial automation, and smart city solutions demand ultra-low latency data processing, which edge computing facilitates by processing data closer to the source. Additionally, edge computing mitigates bandwidth and cost challenges by reducing the necessity to send all data to the cloud, optimizing bandwidth usage, and reducing costs. Furthermore, edge computing addresses sustainability and efficiency concerns by locally processing data, minimizing the need for cloud data transmission, and diminishing overall energy footprints. Industries such as manufacturing, utilities, retail, automotive, and healthcare are rapidly adopting edge computing solutions to unlock new use cases, enhance operational efficiency, and elevate customer experiences. With the commercial deployment of 5G technology, the market for data center racks is expected to continue growing during the forecast period. 

The Data Center Rack market is witnessing significant trends in 2023. Damage and risks to data are top concerns, leading to increased demand for modular racks from NetRack and others. Online payment systems in digital banking require robust data center solutions, driving investments. Containerization, microservices, and blockchain technologies are transforming computing space. Mobile broadband and cloud services are expanding the market, requiring optimization and network services. Integrated power and cooling solutions are essential for high-density data centers. Mega facilities projects in the dataintensive sector continue to drive demand for specialized enclosures, server brands, and hardware. Ventilation and cable management are crucial for server density. Data center optimization and networking devices are key focus areas for businesses. 

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Market Challenges

Infrastructure-as-a-Service (IaaS) is a cloud computing concept where companies utilize virtualized computing resources over the Internet. Notable IaaS providers include DigitalOcean, Linode, Rackspace, Amazon Web Services, Cisco Metapod, Microsoft Azure, and Google Compute Engine. The expanding IaaS market is leading to data center consolidation. This involves merging or reducing the scale of data center facilities to decrease operating costs and control emissions. Software companies like Box, Salesforce, Tableau, and SAP are moving towards common cloud platforms, reducing the need for individual data centers. Storage virtualization is essential for storing and processing information, reducing the need for additional storage infrastructure and offering high-availability services. Virtualization increases input and output streams through resource pooling from multiple storage devices, managed via a data management console. However, the efficiency of storage components decreases due to increased IO operations per second. Enterprises must plan for storage efficiency and capacity before implementing virtualization features. Data center consolidation results in fewer investments in new data center establishments due to the growing number of tier-3 and tier-4 data centers globally. This trend decreases demand for data center components, negatively impacting sales and reducing the data center footprint worldwide. Despite the challenges, data center consolidation requires expertise, time, and carries risks. The shrinking data center market may hinder the growth of the global data center rack market during the forecast period.Data Centers are essential for businesses to store, manage, and access their digital assets. Colocation services allow companies to rent computing space in a Data Center, but challenges arise due to data center whitespace limitations. Server density is increasing with the adoption of high-density servers, specialized enclosures, and hyperscale data centers. Data center investments require optimization through network services, cooling systems, and cable management. Server brands, ventilation, and cooling systems are crucial for high-performance computing, mission-critical applications, and cloud technologies. Geographic regions, IT budgets, and IT infrastructure demand data center racks, servers, switches, and cables that support high-density servers and efficient power consumption. Data-intensive sectors like online shopping, cloud computing, big data analytics, digital stores, social networks, and hyperscale data centers require specialized solutions. Business continuity and edge computing add to the complexity. Power consumption, efficiency, and data traffic are key concerns. Data Center Racks play a vital role in managing these challenges, ensuring a reliable and efficient IT infrastructure.

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Segment Overview 

This data center rack market report extensively covers market segmentation by

Type 1.1 Server rack1.2 Network rackProduct Specification 2.1 Medium2.2 Large2.3 SmallGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Server rack-  The server rack market is experiencing growth due to the increasing demand for servers and storage devices from enterprises to support business trends such as Big Data analytics. Big Data analytics involves analyzing large and varied data sets to identify patterns and trends, necessitating the development of efficient server systems for fast processing and extensive data management. This, in turn, increases investments in Big Data analytics and creates a need for integrating High Performance Computing (HPC) with Big Data analytics. The demand for server infrastructure has grown significantly in the past five years and is expected to continue at a steady pace. This growth is driven by the expansion of data centers, colocation data centers, and HDCs, as well as technology upgrade cycles. The evolution of HPC architecture has led to the management of large amounts of unstructured and structured data, which requires high-throughput and high-availability storage devices and servers. Additionally, the increasing adoption of cloud-based services has resulted in a significant increase in the number of server units required for cloud infrastructure. Server virtualization, which transforms one server into multiple isolated services, is a trend among large enterprises to increase productivity, centralize management, and cut costs. Virtualization eliminates server sprawl and makes better use of server resources, but it also increases the need for switches and routers to connect multiple users to a single server. In summary, the server rack market is growing due to the increasing demand for servers and storage devices for Big Data analytics, the expansion of data centers, technology upgrade cycles, the adoption of cloud services, and server virtualization. The need for efficient and high-capacity server systems, as well as the increasing number of server units required for cloud infrastructure, will drive the growth of the server rack market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Data Center Rack PDU Market is experiencing significant growth, driven by the increasing demand for efficient power distribution solutions in data centers. Concurrently, the Data Center Rack Market in Saudi Arabia is expanding rapidly, fueled by the nation’s digital transformation initiatives and investments in IT infrastructure. Additionally, the global Data Center Server Market is witnessing robust growth due to the surge in data generation, cloud computing adoption, and the need for enhanced server performance and scalability. These trends underscore the critical role of data center infrastructure in the evolving digital landscape.

Research Analysis

The Data Center Rack market encompasses the demand for rack solutions in data centers, colocation facilities, and other IT infrastructure environments. Data center whitespace is a critical consideration in the market, as server density continues to increase due to data center optimization and the adoption of high-density data center designs. Data center investments are driving growth in the market, with a focus on network services, ventilation, cable management, and cooling systems to ensure efficient and reliable IT infrastructure. Cloud technologies are also fueling demand for data center racks, as more companies move their IT operations to the cloud. The market includes data centers, servers, switches, cables, storage, and cooling systems, among other components. Data center rack solutions provide computing space for servers, switches, and other IT equipment, and are essential for managing the complex IT infrastructure required in today’s digital economy.

Market Research Overview

The Data Center Rack Market encompasses the demand for rack infrastructure in data centers, colocation facilities, and other IT environments. Data center whitespace is a significant driver, with increasing server density leading to higher demand for efficient rack solutions. Data center investments continue to grow, fueled by the dataintensive sector, including online shopping, cloud computing, big data analytics, digital stores, social networks, and hyperscale data centers. Network services, cooling, and power consumption are key considerations, with specialized enclosures, ventilation, and cable management essential for optimizing computing space. High-density servers and modular racks, such as NetRack, are popular solutions for maximizing IT infrastructure efficiency. Geographic regions, IT budgets, and business continuity plans also impact market trends. Additionally, emerging technologies like edge computing, high-performance computing, and cloud technologies require specialized rack infrastructure. Power consumption and cooling efficiency are critical factors, with integrated power and cooling systems gaining popularity. Data traffic, mission-critical applications, and risks, such as damage and business disruption, further emphasize the importance of reliable rack infrastructure. Other factors include server brands, storage, switches, cables, and hardware, as well as emerging trends like containerization, microservices, blockchain, mobile broadband, and mega facilities projects.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeServer RackNetwork RackProduct SpecificationMediumLargeSmallGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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STARTRADER Launches SKHY as SK Hynix Makes Its US Market Debut, Giving Clients Timely Access to a Key AI Memory Name

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July 23, 2026

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SKHY gives clients direct exposure to a key supplier of high-bandwidth memory at the heart of the AI acceleration market.

DUBAI, UAE, July 23, 2026 /PRNewswire/ — STARTRADER today announced the launch of SK Hynix Inc. (SKHY) as a US Stock CFD on its trading platform, available from July 22, 2026. Moving swiftly following SK Hynix’s recent US listing, which raised approximately $26.5 billion, STARTRADER is ensuring clients can engage with this name at the earliest opportunity.

This is precisely the type of occasion STARTRADER builds its product strategy around. As significant names enter the US market and begin drawing institutional attention, STARTRADER moves decisively to ensure clients have access when it carries the most relevance. For a company of SK Hynix’s standing in the AI memory supply chain, its US debut represents exactly that kind of opportunity.

The decision reflects a product philosophy centred on anticipation. As the boundary between global and US-listed equities continues to narrow, STARTRADER intends to remain consistently at that intersection, connecting clients to names the global investment community is beginning to follow closely and providing the access needed to engage with both confidence and context.

“Clients who follow the AI infrastructure story understand that the opportunity runs through the entire supply chain, including the memory and bandwidth that make large-scale AI possible. SK Hynix’s arrival on the US market made this the right moment to act, and acting early on behalf of our clients is exactly what we intend to keep doing.”

Peter Karsten, Chief Executive Officer, STARTRADER

SKHY marks the latest addition in a product offering designed to keep clients directly connected to the names and sectors defining the next phase of global market development, with the breadth and precision to engage with structural investment themes as they take shape.

Trading CFDs involves a significant risk of loss and may not be suitable for all investors. Please ensure you fully understand the risks before trading.

About STARTRADER
STARTRADER is a global multi-asset broker empowering retail and institutional partners to access global markets through a range of platforms, including MetaTrader, STAR-APP, and STAR-COPY. Regulated infive jurisdictions (CMA, ASIC, FSCA, FSA, and FSC), STARTRADER combines strong governance with a client-first approach, serving both retail clients and partners with a commitment to transparency, reliability, and long-term growth.

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FORD AND GEELY AUTO JOIN FORCES IN EUROPE TO PRODUCE NEXT-GENERATION MULTI-ENERGY VEHICLES IN SPAIN

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46 minutes ago

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July 23, 2026

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The global automakers plan to form a manufacturing joint venture at Ford’s Valencia, Spain, plant, combining scale and factory utilization, to build Ford and Geely vehiclesThe partnership, built on a foundation of trust and shared business principles, secures the future of the Valencia plant, provides long-term stability and creates the potential for future high-tech manufacturing job growthThe joint venture addresses the new realities of the European market — intense global competition, relentless cost pressure and tightening regulation — resetting Valencia to build at the industry’s emerging cost benchmarkThe Valencia plant will produce a new generation of low- and zero-emission vehicles for European markets, offering customers an outstanding technology experienceThe joint venture is expected to produce an all-new multi-energy crossover for Ford, in addition to a new member of the Bronco family, plus two electric Geely SUVs, with production starting in 2028. Kuga production continues uninterruptedThe collaboration accelerates Geely Auto’s European expansion, and supports Ford’s product offensive to bring five new passenger vehicles to European showrooms by 2029

VALENCIA, Spain, July 23, 2026 /PRNewswire/ — Ford Motor Company and Geely Automobile Holdings (hereafter “Geely Auto”) today announced an agreement to form a Europe-focused joint venture (JV) at Ford’s Valencia, Spain, manufacturing hub.

The new JV will manufacture Ford and Geely multi-energy passenger vehicles for the European market, driving greater choice and value for European drivers.

Europe is home to one of the fiercest competitive battles in the global automotive industry today. Tightening regulation, high operating costs and a new generation of global competitors have reset the industry’s benchmark for manufacturing cost, vehicle technology and software experience.

By pooling production volume, Ford and Geely will maximize the capacity of the Valencia plant, lower the cost of every vehicle built there, and compete at this emerging cost standard while delivering world-class multi-energy vehicles and strengthening the local Valencia economy in the process.

Pending regulatory approvals, the joint venture will begin operations in the first half of 2027, with the first new vehicles scheduled to roll off the line in 2028. The Valencia plant will continue to produce the Ford Kuga in the meantime.

“This JV with Ford in Europe reflects our commitment to open, collaborative product development as part of our growth strategy, deepening our local presence and commitment to customers in Europe”, said Alex Nan, Vice President of Geely Auto Group. “We are dedicated to delivering vehicles that European customers will choose on merit: on industry leading features, on high-quality and on actively contributing to Europe’s green future. Put simply: we are building cars in Europe, for Europe, alongside a trusted partner.”

Ford’s partnership with Geely is built on a foundation of trust and respect stretching back to 2010 when Ford sold Volvo Cars to Geely and watched it protect and revitalize the brand. Both companies share a commitment to quality, cost-efficient sourcing and continuous improvement, as well as a belief that customers should be able to choose their own path through the energy transition.

Transforming Valencia into a Powerhouse for Low-CO2 Mobility

The JV will transform Ford’s Valencia facility – already one of Europe’s most productive and advanced plants, with a potential annual capacity of about 500,000 vehicles – into a shared, high-tech manufacturing hub built to compete at the industry’s new global cost standard. The plant has been at the leading edge of the European market since it opened in 1976, when it built the original Ford Fiesta, Ford’s first global front-wheel-drive car, and a major success. Ford was the first non-Spanish automaker to build in Valencia, the start of a partnership with Spain and its people that remains as strong today.

Under the proposed ownership structure, Ford will own 66% of the new entity and Geely Auto 34%.

An Exciting Vehicle Lineup

“For nearly 50 years, Valencia has built some of the most-loved cars in our history, and now this team will help build our future”, said Jim Baumbick, President, Ford of Europe. ” That’s why we’re building a flexible, cost-effective industrial system with a capable partner in Geely Auto. Together we can fully utilize a best-in-class plant with a great workforce and match the industry’s new cost benchmark. This is all part of Ford’s vision to give European drivers rally-bred handling, true off-road capability and multi-energy technology, with a distinct Blue Oval DNA.”

The JV will combine the engineering, manufacturing and development know-how of two of the world’s leading automakers to build both Ford and Geely low- and zero-emission passenger vehicles. The cars will be tailored for European drivers and will offer them choice in powertrain technology, as well as outstanding digital experiences.

Ford Models:

The Popular Ford Kuga: Production of the Ford Kuga — one of Europe’s favorite plug-in hybrids — will continue uninterrupted in Valencia.A Rugged New Bronco: Valencia will also produce a new member of the global Bronco family – a tough, compact, adventure-ready SUV built for European roads, with production starting in 2028.An All-New Crossover: A multi-energy family crossover, designed by Ford and jointly developed with Geely will arrive in 2028. Engineered with Ford’s signature capabilities and driving dynamics, it is part of an aggressive product offensive that will bring five new multi-energy vehicles to Europe by 2029.

Geely Models:

Sleek Electric SUVs: Geely Auto plans to produce two electric SUVs at the Valencia facility in full support of their European focus and growth strategy. The first Geely-branded models to be manufactured under this joint venture are scheduled to roll off the production line in 2028.

The venture supports Geely Auto’s international expansion, following overseas sales of 474,228 vehicles in the first half of the year, while advancing Ford’s strategy of using partnerships to compete with speed, efficiency and scale in Europe.

“This partnership shows how automakers are strengthening Europe’s industrial base, but we can’t do it alone,” said Jim Baumbick. “What we’ve achieved in Valencia, with the ongoing support of Spain’s national and regional governments, is a masterclass in public-private partnership that sets the benchmark for the rest of Europe.”

About Ford Motor Company

Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities, and always-on relationships with customers to enrich experiences for customers and deepen their loyalty. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services, including BlueCruise (ADAS) and security. The company offers freedom of choice through three customer-centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough electric vehicles (“EVs”) along with embedded software that defines always-on digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs. Additionally, the company provides financial services through Ford Motor Credit Company. Ford employs about 168,000 people worldwide. More information about the company and its products and services is available at corporate.ford.com.

About Geely Auto Group

Geely Auto Group is a leading global automotive company headquartered in Hangzhou, China. Part of Zhejiang Geely Holding Group, Geely Auto Group develops and manufactures passenger vehicles under the Geely, Lynk & Co, and Zeekr brands.

Geely Auto achieved cumulative sales of 3,024,567 units in 2025, exceeding the full-year sales target with a year-on-year growth of 39%. New energy vehicle (NEV) sales reached 1,687,767 units, a year-on-year increase of 90%.

With a strong focus on technology innovation, electrification, and sustainable mobility, Geely Auto Group operates world-class R&D centers and manufacturing facilities across China, Europe, and key international markets. The Group is committed to delivering safe, high-quality, and intelligent vehicles enabled by advanced technologies such as hybrid powertrains, full-electric architectures, smart connectivity, and autonomous driving systems.

As a global company, Geely Auto Group continues to expand its international presence through strategic partnerships, localized operations, and industry-leading platforms. Geely strives to create mobility solutions that are greener, smarter, and more accessible, driving forward the future of sustainable transportation.

Ford news releases, related materials, photos and video, visit From the Road, www.fordmedia.eu or www.media.ford.com.
Follow www.linkedin.com/company/ford-in-europe, www.youtube.com/FordNewsEurope, www.instagram.com/FordNewsEurope,
www.threads.net/@fordnewseurope and www.tiktok.com/@FordNewsEurope

 

 

 

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K25.ai Secures Series A Investment with Strategic Support from Amber Group, Valuation Doubles to US$200 Million

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July 23, 2026

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Series A follows K25.ai’s oversubscribed Pre-A round and accelerates its vision to make prediction markets native to live digital content

SINGAPORE, July 23, 2026 /PRNewswire/ — K25.ai, the AI-native prediction market transforming livestreams into real-time interactive markets, today announced the closing of its Series A investment round, with strategic support from Amber Group, at a post-money valuation of US$200 million, doubling the company’s valuation in under 60 days.

The Series A marks another major milestone for K25.ai as it builds a new category at the convergence of artificial intelligence, live digital content, creator economies and prediction markets.

K25.ai enables audiences to predict what happens next across live sports, esports, entertainment and creator content. Its proprietary AI infrastructure supports real-time market generation, content monitoring and outcome resolution, powering a seamless watch-to-predict experience.

The investment and strategic collaboration will accelerate K25.ai’s product development, global expansion, institutional liquidity infrastructure and creator ecosystem.

“We’re building the category where AI meets live content and real-money prediction. Amber Group’s backing — and the doubling of our valuation — confirms the market is ready. We’re moving fast,” said Andy Cheung, Founder and CEO of K25.ai.

Amber Group will support K25.ai across market infrastructure, liquidity strategy, ecosystem development and related digital asset expertise.

“K25.ai is creating a differentiated platform at the intersection of AI, real-time content and prediction markets,” said Haoyu, Portfolio Director of amber.ac. “We are excited to support its experienced team as it scales a new generation of interactive financial and entertainment experiences.”

The Series A follows K25.ai’s recently closed Pre-A round led by Nasdaq-listed NewGenIVF Group Limited (Nasdaq: NIVF). The Series A support from Amber Group doubles K25.ai’s valuation from its Pre-A round and adds a second institutional backer alongside NewGenIVF Group, extending K25.ai’s strategic support across both public markets and digital assets.

About K25.ai

K25.ai is an AI-native livestreaming prediction market transforming passive audiences into active participants. By combining live content, creator-led markets and AI-powered resolution, K25.ai is building the infrastructure for the next generation of interactive information markets.

About Amber Group

Amber Group is a global leader in digital assets, headquartered in Singapore. Amber Group is the parent company of Amber International Holding Limited (Nasdaq: AMBR), which operates as a separate publicly traded company. Since 2017, Amber Group has developed full-stack solutions that bridge traditional finance and digital assets, offering end-to-end services including wealth management, asset management, market making, advisory, investment, and infrastructure. These products and services are offered across various entities within Amber Group. Certain products, services, technologies, and initiatives described in this press release are developed or carried out by subsidiaries or affiliates of Amber Group other than Amber International Holding Limited, and are not necessarily conducted by or attributable to the listed entity.

Backed by top investors and equipped with deep expertise in both digital and traditional markets, Amber Group leverages AI, blockchain, and quantitative research to deliver personalized, cutting-edge solutions. The company focuses on servicing a diverse global clientele—comprising HNW individuals, institutions, funds, exchanges, and projects—to optimize returns safely across all market conditions.

Learn more at www.ambergroup.io.

Media and Investor Contacts

K25.ai Media Contact
media@k25.ai 

K25.ai Investor Relations Contact
ir@k25.ai 

K25.ai Partnership Contact
partnership@k25.ai 

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