Data compiled by Woofun AI shows that MGX, an equity investor in 币安, has engaged an investment bank to explore the potential acquisition of Singapore-based data center operator DayOne.

However, the transaction remains uncertain, as DayOne may alternatively proceed with its original plan to conduct an initial public offering in the United States, targeting a valuation of $20 billion.

DayOne, which operates facilities in Southeast Asia, Hong Kong, Japan, and Finland, is affiliated with Chinese company GDS Holdings and counts Coatue Management and SoftBank Vision Fund among its investors. MGX, jointly founded by sovereign wealth fund Mubadala and AI company G42, previously invested $2 billion in 币安 and holds stakes in firms such as xAI, OpenAI, and Anthropic.