Hyperscale Forecast 2026
Projection 12: Valuation & Investor Returns
CoolIT Proved $4.75B — At $25B Revenue → $150B EV
CoolIT Proved $4.75B — At $25B Revenue → $150B EV
CoolIT acquired by Ecolab for $4.75B on ~$550M revenue (8.6× multiple). At Diamond Cool's aggressive path, enterprise value reaches $125–190B by 2032.
CoolIT exit (Mar 2026) — sector benchmark at 8.6× revenue.
Implied EV at $27.3B revenue × 5.5× multiple (2032 bull case).
Series A at $50M post → $150B exit. ~190% IRR over 6 years.
| Exit Scenario | Revenue | Multiple | Enterprise Value |
|---|---|---|---|
| CoolIT (precedent) | $550M | 8.6× | $4.75B |
| Bear | $5.5B | 8× | $44B |
| Base | $13.4B | 7× | $94B |
| Bull | $27.3B | 5.5× | $150B |
Strategic acquirers: Ecolab (post-CoolIT), Vertiv, Schneider Electric, Trane Technologies. IPO path: NYSE/NASDAQ at sector multiples.