Smartbird announces availability of shareholder letter from CEO Nadia Carlsten
BIRD•Shareholder letter outlines pivot to AI infrastructure
Smartbird posted CEO Nadia Carlsten’s shareholder letter outlining a pivot from Allbirds’ footwear business to AI infrastructure.
The strategy targets enterprise inference demand with dedicated, managed infrastructure, positioned between shared cloud and bespoke in-house systems.
The letter cited access to over $200 million of capital as of June 30, 2026 via cash, a convertible financing facility, and an ATM program.
Management plans to track demand quality, contracted and deployed capacity, and deployment speed while prioritizing returns over scale.
The letter is available via PDF.
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