Forum Markets, Incorporated
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $62.8M
- Price
- $4.75
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.96%
- Volume
- 46.4K
About
Operating within the decentralized finance (DeFi) sector, ETHZilla Corp. is a technology firm. Its core mission is to facilitate global connectivity among financial institutions, enterprises, and various organizations by providing secure and readily accessible blockchain transactions, leveraging implementations of the Ethereum Network protocol. Furthermore, the company sustains its efforts in the biotechnology and gaming industries, overseeing their deployment and ongoing advancement. Founded on September 7, 2016, by Marc Feldmann, Lawrence J. Steinman, and Jonathan B. Rothbard, ETHZilla Corp. is headquartered in Palm Beach, Florida.
Quick stats
Shares outstanding13.2M
Computed float11.7M
Float / shares88.8%
Cash runway (months)0.8
Key info
SectorTechnology
IndustrySoftware - Application
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001690080
AI Summary
AI-generated1/28
majorbullishpartnership
Forum Markets Announces Joint Venture with Edge Node AI to Deploy Inference AI Compute Across the U.S. at Existing Powered Data Sites and Mobile Communications Towers
Forum Markets formed Forum Edge AI LLC, a 51%-owned joint venture with Edge Node AI, to deploy inference AI compute across roughly 11 MW of energized capacity at existing powered data centers and communications towers.
The initial portfolio includes a Dallas data center ramping from 2 MW to 4 MW, a 9 MW High Point, N.C. campus, and a Texas mobile tower deployment under agreements with SBA Communications and Tillman Infrastructure; compute offtake is fully allocated to long-term counterparties.
Forum introduced 2027 consolidated revenue guidance of $125M-$175M and expects cash flow positivity in early 2027, with compute capex funded via customer deposits and equipment financing rather than new equity.
As part of the deal, Forum and Edge Node AI will exchange 9.95% equity stakes, with Forum's contingent issuance of about 1.46 million shares tied to power and financing milestones.
Red flags
- Guidance is for fiscal 2027, more than a year out, and depends on site closings, transformer upgrades and equipment delivery
- Contingent ~9.95% equity issuance (~1.46M shares) to JV partner, milestone-gated
- Company discloses prior ATM offering, convertible notes and ETH collateral exposure in risk factors
- Board special committee suspended further strategic exploration upon this deal
- Forum's guarantee obligations in support of project-level financing