EdgeMode and SUB1 partner to expand data centers in Europe

FORT LAUDERDALE/LONDON - EdgeMode Inc. (OTC:EDGM) and SUB1 DCS Ltd announced Wednesday a strategic partnership to accelerate the development of EdgeMode’s data centers in Europe, focusing initially on Sweden and Spain. The company’s stock, currently trading at $0.04, has shown remarkable performance with a 1200% year-to-date return, according to InvestingPro data.

The collaboration aims to meet growing demand for sustainable, high-performance computing infrastructure in key European markets. Under the agreement, SUB1 will offer EdgeMode’s capacity to its customers, provide design and delivery expertise, and introduce capital sources. While EdgeMode’s latest EBITDA stands at -$25.96M, InvestingPro analysis indicates the company maintains strong liquid assets relative to its short-term obligations.

"This partnership with SUB1 positions EdgeMode to capture growing demand for sustainable, high-performance data center capacity in key European markets," said Charlie Faulkner, CEO of EdgeMode.

Dominic Rumsey, CEO of SUB1, noted that "Sweden is fast becoming one of the most desirable data center markets in the world and this partnership will yield some of the best AI capacity in the region."

Both companies specialize in energy-efficient data centers designed for high-performance computing workloads, particularly those related to artificial intelligence and cloud computing. EdgeMode’s flagship campus is located in Marviken, Sweden.

The partnership comes as demand for specialized computing infrastructure continues to grow across Europe, with both Sweden and Spain emerging as strategic locations for data center development. Technical indicators from InvestingPro suggest the stock is currently in overbought territory, with investors gaining access to 5+ additional exclusive insights through the platform.

The announcement was made in a press release statement issued by both companies.

In other recent news, EdgeMode Inc. has announced a binding agreement with Blackberry AIF to acquire a portfolio of hyperscale data center development assets in Spain through a joint venture. EdgeMode will hold a 75% controlling interest in this venture, while Blackberry AIF will retain a 25% stake. The final agreements are expected to be completed within 30 days. Additionally, EdgeMode and Vertical Data Ltd. have signed a non-binding Memorandum of Understanding to develop and market a 20-megawatt data center in Sweden. This center will focus on artificial intelligence and high-performance computing workloads. The collaboration will leverage EdgeMode’s Marviken Smart Energy Cluster and Vertical Data’s AI-cluster design capabilities. These recent developments highlight EdgeMode’s strategic expansions in the data center sector.

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