Tillkännagivande • Feb 17
Valeo and 2CRSi Launch an Outdoor Autonomous Immersion-Cooled Edge Data Center Solution for Indian Telecom Operators Valeo and 2CRSi are advancing their collaboration with a new solution specifically designed for local edge data centers. This project directly addresses the infrastructure challenges driven by nationwide 5G deployment and the rapid expansion of AI applications. Set to be unveiled at the AI Impact Summit in New Delhi, the prototype solution demonstrates both companies' commitment to delivering maintenance-free, energy-efficient, reliable, high-performance Edge AI infrastructure tailored to India's demanding climate conditions and scalable to support the country's long-term digital growth strategy. Building on the partnership initiated in November 2025, Valeo and 2CRSi have reached a new milestone with the development of an autonomous (water-free) immersion-cooled solution engineered for decentralized digital infrastructure. By combining 2CRSi's advanced expertise in server architecture and manufacturing with Valeo's decades of experience in high-efficiency thermal management, system integration, and wide temperature-range operations - developed through its global automotive leadership - the two companies have designed a fully autonomous immersion-cooled edge computing system capable of operating in: Ambient temperatures exceeding 50degC. High humidity conditions. Dust-heavy environments. Flood-prone locations. A Competitive Alternative to Conventional Edge Deployments. Unlike traditional edge infrastructure requiring dedicated buildings, water loops, chillers, and complex maintenance operations, the Valeo-2CRSi solution operates as a compact and standalone unit. The system eliminates water dependency, removes the need for chillers and mechanical cooling systems, reduces infrastructure footprint, and minimizes maintenance requirements. This architecture significantly reduces deployment complexity, lowers both CAPEX and OPEX, and improves Total Cost of Ownership (TCO) for telecom operators and infrastructure providers - a critical factor for large-scale 5G rollouts and distributed AI inference. Its automotive-grade reliability standards provide an additional structural advantage over conventional IT systems not originally engineered for extreme outdoor conditions. To bring this technology to market, the partners will follow a rigorous industrialization roadmap throughout 2026. Sustainability and Environmental Contribution. The solution also responds to growing environmental requirements associated with digital infrastructure expansion: ?? Zero water consumption, eliminating a critical constraint in water-stressed regions;; By replacing traditional air cooling (annualized Power Usage Effectiveness (PUE) ~1.6) with immersion cooling (PUE < 1.1), the system reduces total infrastructure energy consumption by 30-35% translating into annual saving of 6-8MWh for a 1.5 kW IT load operation in outdoor conditions such as Bengaluru. Designed as a compact, standalone unit, the system operates without water loops, chillers, or dedicated buildings. This makes it uniquely suited for India's edge environments, where 5G expansion and AI-driven services require resilient, low-main maintenance infrastructure deployed close to telecom antennas, even in remote, dusty, humid locations. By adapting automotive-grade reliability standards to digital infrastructure, Valeo and 2C RSi are contributing to the development of next-generation edge data centers capable of supporting AI inference, telecom networks, and emerging digital services across India. Tillkännagivande • Nov 13
2CRSI S.A., Annual General Meeting, Dec 18, 2025 2CRSI S.A., Annual General Meeting, Dec 18, 2025. Location: 11 rue madeleine reberioux, strasbourg France Tillkännagivande • Oct 01
2CRSI S.A. to Report Fiscal Year 2025 Results on Oct 30, 2025 2CRSI S.A. announced that they will report fiscal year 2025 results at 9:00 AM, Central European Standard Time on Oct 30, 2025 Tillkännagivande • Jul 03
2CRSi SA Submits the Application of the European Consortium ÆTHER to Develop an ‘AI Gigafactory’ in the heart of Europe – the first with a Net-Negative Carbon Footprint 2CRSi announced that it has submitted, on behalf of a consortium of European industrial players, the application for a project named ÆTHER in response to the call for expressions of interest (CEI) launched by the European Commission and EuroHPC for the establishment of artificial intelligence “gigafactories.” This strategic initiative, supported by the “InvestAI” program, aims to mobilize up to €20 billion in public and private investment to deploy AI Gigafactories across the European Union. New Risk • Jan 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€4.0m). Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (€93.2m market cap, or US$95.5m). Reported Earnings • Nov 04
Full year 2024 earnings released Full year 2024 results: Revenue: €135.3m (down 25% from FY 2023). Net loss: €4.88m (loss narrowed 57% from FY 2023). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Tech industry in Europe. Tillkännagivande • Oct 10
2CRSi Launches the ATLAS 1.8GG, the Densest Server in the World Designed Exclusively for Dual-phase Immersion Cooling 2CRSi announced the launch of a major innovation: the ATLAS 1.8GG server, the densest 1U GPU server, designed exclusively for dual-phase immersion cooling and capable of accommodating up to 8 high-performance GPUs such as NVIDIA H100, marking a significant technological advancement in the server industry. Dual-phase immersion cooling is a cutting-edge technology that uses a dielectric liquid to dissipate heat from electronic components. This liquid, in direct contact with the electronics, absorbs heat and transitions to a gaseous state before condensing and returning to liquid form, enabling efficient and silent thermal management. This method drastically reduces the energy consumption dedicated to cooling, increasing overall system efficiency while significantly extending the lifespan of the components. The launch of the ATLAS 1.8 GG positions 2CRSi at the forefront of global innovation in density, being the first manufacturer in the world to integrate 8 NVIDIA H100 GPUs in a single U, while utilizing dual-phase immersion cooling technology. This unique ultra-dense design not only optimizes space utilization but also reduces energy consumption associated with cooling high-performance computing infrastructures, addressing today's environmental challenges while maximizing performance. This server is particularly suited for HPC and Artificial Intelligence applications close to users, in sensitive sovereign sites, and especially in telecommunications infrastructures. The first ATLAS 1.8GG servers have already been sold, with new series available starting in November 2024. A version equipped with 8 NVIDIA H200 GPUs, in 2U, is expected to be unveiled in early 2025. These 2CRSi server solutions dedicated to AI target data centers and companies looking to optimize their AI and high-performance computing infrastures while adopting an eco-friendly approach. Tillkännagivande • Sep 06
2CRSi Announces the Production of Its New Godi 1.8ER-NV8 Servers Equipped with 8x NVIDIA H200 SXM5 GPUs, with an Estimated Market Value of USD 288 Million 2CRSi announced that it has placed orders with its suppliers for the components required to manufacture its new HGX server, the Godi 1.8ER-NV8. This server, equipped with eight NVIDIA H200 GPUs, comes with an optional liquid cooling system to optimize performance while reducing energy consumption. The NVIDIA H200 Tensor Core GPU accelerates generative AI workloads and high-performance computing (HPC) with significant memory capacity and performance. As the first GPU with an HBM3e interface, the H200 features more and faster memory, enabling faster generative AI models and large language models (LLMs) while advancing scientific computing with optimized processing of HPC workloads. With this new version of its product, the Godi 1. 8ER-NV8, 2CRSi continues its innovation efforts to consolidate its success in the field of machines dedicated to artificial intelligence. The supply orders, placed in July 2024, confirm the company's strategy to meet the growing demand for high-performance servers capable of supporting the latest technologies. 2CRSi currently offers its products with traditional air cooling, but for clients looking to optimize their operational expenses (OPEX), 2CRSi provides various liquid cooling solutions, whether at the server, rack, or data center level. The first shipments are scheduled to begin in the third week of October 2024 and will extend throughout 2025, with an estimated market value of USD 288 million. In addition to server sales, 2CRSi offers a comprehensive range of associated services, including on-site installation and maintenance, as well as the design and operation of infrastructures. New Risk • Jul 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported August 2023 fiscal period end). Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (€86.5m market cap, or US$93.8m). New Risk • May 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). New Risk • Jan 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 34% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (27% average weekly change). Minor Risks Shareholders have been diluted in the past year (34% increase in shares outstanding). Market cap is less than US$100m (€55.1m market cap, or US$60.1m). Reported Earnings • Dec 23
First half 2024 earnings released First half 2024 results: Revenue: €11.2m (down 88% from 1H 2023). Net loss: €1.80m (loss widened 350% from 1H 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Tech industry in Europe. Buying Opportunity • Dec 22
Now 27% undervalued Over the last 90 days, the stock is up 7.1%. The fair value is estimated to be €2.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has declined by 34%. Revenue is forecast to grow by 35% in 2 years. Earnings is forecast to grow by 97% in the next 2 years. Board Change • Nov 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Dominique Henneresse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Aug 02
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (€24.2m market cap, or US$26.5m). Reported Earnings • Jul 28
Full year 2023 earnings released Full year 2023 results: Revenue: €184.1m (flat on FY 2022). Net loss: €11.9m (loss widened €10.8m from FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Tech industry in Europe. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Dominique Henneresse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Dec 01
First half 2023 earnings released First half 2023 results: Revenue: €95.2m (up 5.5% from 1H 2022). Net loss: €400.0k (loss narrowed 64% from 1H 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Tech industry in Europe. Reported Earnings • Jul 13
Full year 2022 earnings released Full year 2022 results: Revenue: €183.6m (up 12% from FY 2021). Net loss: €1.60m (loss narrowed 62% from FY 2021). Over the next year, revenue is forecast to grow 10%, compared to a 7.0% growth forecast for the industry in Germany. Reported Earnings • Dec 03
First half 2022 earnings: Revenues in line with analyst expectations First half 2022 results: Revenue: €90.2m (up 6.3% from 1H 2021). Net loss: €1.10m (loss narrowed 34% from 1H 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 9.0%, compared to a 2.7% growth forecast for the industry in Germany. Is New 90 Day High Low • Feb 15
New 90-day high: €6.57 The company is up 75% from its price of €3.77 on 17 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 35% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.19 per share. Is New 90 Day High Low • Jan 22
New 90-day high: €5.60 The company is up 57% from its price of €3.57 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.71 per share. Is New 90 Day High Low • Dec 18
New 90-day high: €4.60 The company is up 35% from its price of €3.40 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.54 per share. Is New 90 Day High Low • Nov 27
New 90-day high: €4.44 The company is up 46% from its price of €3.04 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.21 per share. Is New 90 Day High Low • Oct 30
New 90-day low: €3.00 The company is down 10.0% from its price of €3.35 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.14 per share. Is New 90 Day High Low • Oct 12
New 90-day high: €4.08 The company is up 3.0% from its price of €3.97 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Tech industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.92 per share.