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2CRSi Outlines Its Responses After Allegations by Grizzly Research

2CRSi has released a detailed six-page response to allegations made on June 18, 2026, by Grizzly Research. The high-performance server manufacturer refutes all 34 accusations, asserts that its business growth is based on real contracts, and denies any capitalistic ties with NewYork GreenCloud (NYGC). The company also indicates that an independent audit firm is reviewing a contested order.


2CRSi Outlines Its Responses After Allegations by Grizzly Research

2CRSi Attributes Its American Growth to Business Development

2CRSi states that the significant increase in its revenue in the United States results from several operational factors: the launch of its dedicated artificial intelligence server range in 2023, the recovery of its American subsidiary after the health crisis, the strengthening of local sales teams, and improved availability of Nvidia components following U.S. export restrictions to China. According to the company, this development reflects genuine business dynamics and not artificially created revenues.

The Group Denies Any Capitalistic Link with NewYork GreenCloud

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A significant portion of the document addresses accusations regarding NewYork GreenCloud (NYGC). 2CRSi claims to act solely as an IT supplier and maintains that neither the company nor its president Alain Wilmouth hold any stake or corporate office in NYGC. The group also differentiates the contracts of $610 million and $290 million, specifying that only the latter involves NYGC and stating that the first phase of this project remains scheduled for the end of summer 2026. The company acknowledges having created NYGC's website and some marketing materials as part of a service provision billed at market conditions, for an amount less than €100,000, without creating a capitalistic link, according to them.

Independent Verifications

In response to criticisms regarding several contracts, 2CRSi has commissioned an independent audit firm to verify a German order of 194 servers, with confirmations from banks, the client, and transporters. The company also states that several contested orders, including a $100 million order in New York and a Canadian contract, have been fully delivered, paid for, and accounted for, while maintaining the confidentiality of the clients' identities.



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Context

Period
  • Period: 2025/2026
Key reported figures
  • Revenue: 416.2M€
Guidance from the release
  • La croissance de l'exercice repose intégralement sur d'autres commandes.
Risks mentioned
  • Le contrat-cadre de 610 M€ visé n'a pas généré de chiffre d'affaires sur l'exercice.
Opportunities identified
  • Une diversification croissante du portefeuille clients.
  • La progression significative des revenus issus des services.
  • L'activité 2CRSi Cloud Solutions a enregistré ses premières facturations.

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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