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SALT LAKE CITY - BluSky AI Inc. announced Tuesday it has signed a Letter of Intent to purchase approximately 15 acres of industrial land in Camp Verde, Arizona, according to a company press release. The micro-cap company, currently valued at $13.33 million, has seen its stock surge over 320% in the past six months.
The site includes existing electrical infrastructure supporting 1.75 megawatts (MW), with plans to expand capacity to 3.75 MW. The company specializes in modular AI data centers known as SkyMods. According to InvestingPro analysis, BluSky maintains a GREAT financial health score of 3.47, suggesting strong operational fundamentals.
"This letter of intent signals more than a land deal—it represents our next leap forward," said Trent D’Ambrosio, CEO of BluSky AI Inc. "Camp Verde offers the perfect blend of infrastructure, geography, and community alignment."
The acquisition is expected to be finalized later this year, with groundbreaking targeted for mid-year 2026. The expanded power capacity will support the company’s modular data center deployments for AI workloads.
The Camp Verde location provides proximity to key interconnection points, according to the company statement. BluSky AI describes its SkyMod units as designed for rapid deployment and scalability.
Based in Salt Lake City, Utah, BluSky AI Inc. develops modular data center infrastructure for artificial intelligence applications, serving clients in academia, enterprise, and research sectors.
In other recent news, BluSky AI Inc. has signed a non-binding letter of intent with Creekstone Energy LLC to acquire 25 acres of land for a data center development in Utah. This planned acquisition includes access to up to 50 megawatts of scalable power, aligning with BluSky AI’s focus on artificial intelligence infrastructure. The site is strategically located in an area described as a convergence of high-density fiber, renewable energy corridors, and regional tech growth zones. Additionally, BluSky AI announced the appointment of Andrea Huels as Chief AI and Growth Officer. Huels brings over 20 years of experience, having held leadership positions at major companies like Lenovo, General Electric, and ExxonMobil. In another leadership update, Dan Gay has been appointed to BluSky AI’s Board of Directors. Gay has over 30 years of experience in telecom, data, and technology sectors and has been BluSky AI’s Chief Operating Officer for the past year. These developments reflect BluSky AI’s ongoing efforts to strengthen its leadership team and expand its infrastructure capabilities.
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