#Migdal Insurance #Stark Power #Sagebrush

Stark Power Secures $48 Million to Propel Growth

In a significant move to accelerate its growth strategy, Stark Power Ltd., a noted player in energy infrastructure and data center development, has successfully raised approximately $48 million (NIS 146 million) through an equity offering anchored by prominent investors, including Migdal Insurance. This funding is expected to bolster Stark Power's positioning within the U.S. data center landscape, providing resources to further develop its capabilities in this burgeoning sector.

Details of the Fundraising

The equity raise involves upfront proceeds of around $21 million (NIS 65 million), translating to a share price of NIS 10.50 — a remarkable 40% increase from its previous equity raise in April 2026. The remaining funds consist of long-term options for investors granting them the right to purchase shares at NIS 13 each over the next three years, potentially adding an extra $27 million (approximately NIS 80 million) to the company's coffers.

Migdal Insurance, one of Israel's largest institutional investors, has committed about $12 million (NIS 40 million) to this round, establishing itself as a substantial shareholder. Besides Migdal, other key participants include Mor Investment House, Harel Insurance, and various existing investors from the company’s inaugural fundraising.

Strategy Behind the Equity Raise

The funds secured will play a crucial role in supporting Stark Power's growth initiatives, particularly following its strategic acquisition of Sagebrush Infrastructure Partners (SAGE). This acquisition brings a significant asset portfolio comprising five hyperscale data center campuses located in the U.S. Midwest, which can produce an impressive 5.6 gigawatts (GW) of power generating capacity. The power generation capacity is fundamental to supporting the data centers, adhering to Stark Power’s