Token Cat Limited announced that its U.S. subsidiary has been authorized to evaluate a fundraising plan of up to $500 million to support research into nuclear fission technologies that could power future AI and data‑center infrastructure. The move follows the company’s recent divestiture of its legacy automotive marketplace business, marking a decisive pivot toward high‑technology and next‑generation energy sectors.
The authorization is not a commitment to raise the full amount; rather, it allows the U.S. subsidiary to conduct feasibility studies, assess potential investors, and design a capital‑raising strategy that could include equity, debt, or hybrid instruments. The intended use of the capital is to develop small modular reactors (SMRs) or other nuclear technologies that offer clean, high‑density power—an attractive proposition for the rapidly expanding AI market that demands reliable, low‑carbon energy.
Chief Executive Officer Guangsheng Liu said the company sees “AI’s growing energy demands as reshaping the global tech landscape” and that exploring nuclear fission is a “cautionary yet ambitious” step to secure a competitive position in the coming technology cycle. Liu emphasized that the U.S. subsidiary’s early‑stage research will determine whether nuclear power can meet the scale and reliability requirements of next‑generation computing infrastructure.
Industry analysts note that data centers powering AI are projected to consume a growing share of global electricity, and SMRs are emerging as a promising solution because of their smaller footprint, modularity, and faster deployment compared with traditional reactors. Several major technology firms are already investing in or partnering with nuclear developers, underscoring the strategic relevance of Token Cat’s exploration.
Because this is an evaluation phase, no immediate fundraising has occurred and there is no market reaction data to report. The announcement signals a strategic shift and a potential new revenue stream, but the company’s success will depend on regulatory approvals, technological feasibility, and the ability to attract investors willing to support a high‑risk, high‑reward venture.
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