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SALT LAKE CITY - BluSky AI Inc. (OTCID:BSAI), a micro-cap technology company with a market value of $18.66 million, announced Tuesday it has signed a Letter of Intent with GPU marketplace platform Lilac to monetize idle cloud computing resources. According to InvestingPro data, the stock has shown remarkable momentum with a 536% surge over the past six months, despite a recent 30% pullback last week.
The agreement will allow BluSky AI to make its unallocated GPU inventory and opted-in customer capacity available for rent through Lilac’s marketplace, potentially increasing utilization of BluSky’s compute assets while expanding Lilac’s supplier base. This strategic move comes as the company seeks to improve its financial position, with InvestingPro data showing negative EBITDA of $1.95 million in the last twelve months.
Under the terms of the LOI, Lilac will resell idle GPU capacity from BluSky AI and its customer network, with BluSky designating Lilac as a "Preferred Marketplace Partner." The partnership will include collaborative marketing initiatives and quarterly transparency reports on available GPU inventory.
"By integrating our idle capacity into Lilac’s platform, we’re not only optimizing resource efficiency—we’re empowering our customers to generate new revenue streams from underutilized assets," said Trent D’Ambrosio, CEO of BluSky AI Inc., according to the company’s press release.
The collaboration aims to provide access to enterprise-grade GPU models including NVIDIA B200, H200, H100, A100, L40, RTX 5090, and RTX 4090.
Lucas Ewing, CEO at Lilac, stated, "Together, we’re lowering the barriers to AI adoption and building a more efficient, equitable cloud economy."
The companies expect to finalize a definitive agreement in the coming months.
BluSky AI describes itself as a "Neocloud" built for artificial intelligence through deployable SkyMod data centers, while Lilac positions itself as a spot marketplace for GPU compute based in the San Francisco Bay Area. InvestingPro subscribers can access 12 additional key insights about BluSky AI’s financial health, growth prospects, and market performance metrics to make more informed investment decisions.
In other recent news, BluSky AI Inc. has made significant strides in expanding its infrastructure capabilities. The company announced it has signed a Letter of Intent to purchase 15 acres of industrial land in Camp Verde, Arizona, which includes electrical infrastructure with plans to expand its capacity. Additionally, BluSky AI has signed another non-binding letter of intent with Creekstone Energy LLC to acquire 25 acres of land in Utah’s Delta Data Center Development, which offers access to scalable power for its AI infrastructure. These developments highlight the company’s focus on expanding its data center capabilities.
Furthermore, BluSky AI has strengthened its leadership team by appointing Andrea Huels as Chief AI and Growth Officer. Huels brings over 20 years of experience from major companies like Lenovo, General Electric, and ExxonMobil, along with startup experience. The company also announced the appointment of telecom veteran Dan Gay to its Board of Directors. Gay, who has over 30 years of experience in the telecom and technology sectors, has been serving as BluSky AI’s Chief Operating Officer for the past year. These appointments suggest a strategic focus on leadership and growth.
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