According to CoinMeta, Torus announced the completion of a $500 million Series C financing round, led by Magnetar, with participation from Iconiq, Origin Ventures, Ridgeline Partners, and Trinity Capital. The company has launched a modular AI inference computing power product, Foundry, which integrates power supply, energy storage, cooling, networking, and computing power in prefabricated equipment. Each site has a capacity of 1 to 20 megawatts, and it takes 12 to 16 weeks from signing to commissioning. The first batch of customers includes Hydra Host. Torus aims to deploy over 47,000 units by the end of 2027.