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Benzinga

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Alex Perry

Gorilla Technology Stock Is Rising Wednesday: Here's Why

Gorilla Gorilla Technology FREYR Nasdaq Asia SouthEast Asia

Data Center Alley’s Outsized Impact

Gorilla Technology Group Inc. (NASDAQ:GRRR) stock is up Wednesday after the company signed a $1.4 billion deal with Freyr to build a network of data centers across Southeast Asia.

What To Know: Gorilla Technology’s contract with Freyr will span three years with optional two-year extensions, and focuses on Indonesia, Malaysia and Thailand. Gorilla shares jumped 12% immediately after the data center deal was announced. Shares were up about 10% at last check, according to Benzinga Pro.

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