Torus Introduces Foundry AI Infrastructure With $500 Million in Growth Capital

South Salt Lake, Utah (November 11, 2026)

South Salt Lake-based Torus announced $500 million in growth capital led by Magnetar alongside Foundry, a modular platform for AI inference. The systems combine computing hardware, cooling, networking and Torus Reserve energy storage to use spare capacity at existing commercial and industrial grid connections. Torus says deployments can become operational in 12 to 16 weeks and reports thousands of GPUs already deployed with initial customers, including Hydra Host. Manufacturing takes place at its GigaOne facility. Planned production capacity and a target exceeding 47,000 deployed GPUs by the end of 2027 remain expansion goals, not completed installations.

Reporting: Mark Tullis, TechBuzz News.

Photo: Ken Hovley, Torus.