Energy tech spin-outs: Why Kraken’s $8.65bn valuation matters for software stocks On 29-30 December 2025 Octopus Energy sold a minority stake in its software arm, Kraken Technologies, valuing the unit at *$8.65 billion*. The deal raised about *$1 billion* from … Continue reading Energy tech spin-outs: Why Kraken’s $8.65bn valuation matters for software stocks