Digital Infrastructure

123NET wins $86M BEAD award for Michigan fiber buildout

Southfield – October 29, 2026 -- 123NET, a Michigan-based fiber, colocation and voice provider, has been awarded approximately $86 million through the federal Broadband Equity, Access and Deployment (BEAD) program to build fiber across underserved Michigan communities.

BEAD money covers 17,000 addresses within a 49,300-address buildout

The funding will deliver fiber connectivity to 17,000 BEAD-funded addresses. These form part of a total network expansion reaching 49,300 addresses. 123NET worked with municipalities and community partners to apply and is coordinating with the Michigan High-Speed Internet Office (MIHI). The National Telecommunications and Information Administration and MIHI administer the program.

Seatrium, Karpowership Sign MoU for Singapore Floating Power JV

Seatrium, Karpowership Sign MoU for Singapore Floating Power JV

Singapore – October 28, 2026 -- Seatrium Limited and Karpowership signed a Memorandum of Understanding to pursue a joint venture for floating power and digital infrastructure in Singapore, with possible expansion across Southeast Asia. The agreement was announced at Singapore International Energy Week 2026 and witnessed by Dr. Tan See Leng, Singapore's Minister for Energy, Trade and Industry (Energy and Industry).

Joint venture would cover development, financing, engineering and operations

The partners plan an integrated platform spanning infrastructure development, financing, engineering, construction and operations. Seatrium contributes offshore engineering, procurement, construction and systems integration. Karpowership contributes experience in developing, financing, owning and operating floating power and digital infrastructure, including behind-the-meter power for super intelligence.