Why Peter Thiel’s $140M Panthalassa Bet Could Move AI Data Centers Into the Ocean
PORTLAND, Ore., May 5, 2026, 05:21 PDT Peter Thiel led a $140 million Series B for Panthalassa, a Portland, Oregon-based ocean-energy company, to build wave-powered computing nodes that run artificial intelligence work at sea, the company said. The money will help finish a pilot manufacturing facility near Portland and speed deployment of its Ocean-3 systems in the northern Pacific; Thiel
