Oil prices hold sharp losses with focus on secondary India tariffs
SALT LAKE CITY - BluSky AI Inc. has signed a non-binding letter of intent with Creekstone Energy LLC to acquire 25 acres of land within the Delta Data Center Development in Utah, according to a press release issued Tuesday. The micro-cap company, currently valued at $12.31 million, has seen its stock surge over 274% in the past six months, though InvestingPro analysis suggests the stock is trading above its Fair Value.
The planned acquisition includes access to up to 50 megawatts of scalable power for the artificial intelligence infrastructure company. The site is located at what the company describes as a convergence of high-density fiber, renewable energy corridors, and regional tech growth zones.
BluSky AI anticipates finalizing the transaction in the fourth quarter, with groundbreaking projected for late 2026. The site will feature the company’s SkyMod design, which offers customizable data environments and rapid deployment capabilities.
"This moment reflects BluSky’s commitment to building tomorrow’s AI infrastructure with intention and vision," said Trent D’Ambrosio, Founder and CEO of BluSky AI Inc.
Buford Ray Conley, CEO of Creekstone Energy, stated that the agreement "underscores our strategic focus on attracting forward-thinking partners and empowering high-density compute growth in Utah and beyond."
Once developed, the facility aims to support both public and private sector demand for AI capabilities. The company claims the modular units are designed for scalability and rapid deployment.
BluSky AI is headquartered in Salt Lake City and specializes in modular data center infrastructure for artificial intelligence applications.
The letter of intent is non-binding, and the transaction remains subject to the execution of definitive agreements.
In other recent news, BluSky AI Inc. has made significant additions to its leadership team. Andrea Huels has been appointed as the Chief AI and Growth Officer, bringing over 20 years of experience from notable companies such as Lenovo, General Electric, ExxonMobil, and Dematic. Her background includes founding executive roles at AI startups Vody and RadiusAI. Additionally, BluSky AI has welcomed Dan Gay to its Board of Directors. Gay, who has over 30 years of experience in the telecom, data, and technology sectors, has previously held senior positions at MCI, Qwest, and Montana Power, among others. He has been serving as BluSky AI’s Chief Operating Officer for the past year. These appointments reflect BluSky AI’s strategic efforts to strengthen its leadership team with experienced professionals.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.