EdgeMode to acquire Spanish data center portfolio in joint venture

FORT LAUDERDALE - EdgeMode Inc. (OTC:EDGM), whose stock has surged over 2,700% year-to-date according to InvestingPro data, announced Wednesday it has entered into a binding agreement with Blackberry AIF (BAIF) to acquire a portfolio of hyperscale data center development assets in Spain through a new joint venture.

Under the agreement, EdgeMode will hold a 75% controlling interest in the venture, with BAIF retaining 25%. Final definitive agreements are expected to be completed within 30 days. The company, currently trading at $0.09 per share, maintains a FAIR financial health score according to InvestingPro metrics, despite reporting negative EBITDA of $25.96 million in the last twelve months.

The portfolio includes five campuses in Malpica, Cáceres, Vianos, Córdoba, and Torrecampo, representing a combined potential of 1.5 GW of IT capacity with an estimated asset value of $100 million. The agreement also provides EdgeMode with right of first refusal to acquire additional campuses within BAIF’s portfolio, amounting to a further 1.5 GW of IT capacity.

Each site will be designed as a Tier III-compliant, AI-ready data center campus powered by 100% solar generation and battery energy storage systems. Third-party renewable investors will fund and operate these energy assets under long-term power purchase agreements.

The projects are expected to begin achieving Ready-to-Build status from Q1 2026, with phased capacity roll-out through 2027. Each site will be developed in modular 10 MW IT blocks paired with approximately 60 MWp of solar and 240 MWh of storage.

"This transaction marks a transformational milestone for EdgeMode as we accelerate our strategy to build a world-class, sustainable HPC platform," said Charlie Faulkner, CEO of EdgeMode.

José Mora, CEO of BAIF and incoming Executive Chairman of the joint venture, stated: "Together, we will deliver a new generation of Tier III data centers powered by clean, affordable solar energy."

According to the press release, EdgeMode plans an uplisting to Nasdaq within the next 12 months. InvestingPro analysis indicates the stock is currently in overbought territory, with additional insights and real-time metrics available to subscribers. InvestingPro offers 4 more key tips for EDGM investors looking to make informed decisions about this rapidly growing company.

In other recent news, EdgeMode Inc. announced a Memorandum of Understanding to merge with BlackBerry AIF, aiming to create a combined entity with 4.4 gigawatts of data center capacity across Spain and Europe. This merger will result in EdgeMode acquiring 100% of BlackBerry AIF’s issued share capital, while BAIF stakeholders will receive 50% of EdgeMode’s outstanding equity. The merger is anticipated to increase the combined company’s assets by over $140 million. Additionally, EdgeMode and Vertical Data Ltd. have signed a non-binding Memorandum of Understanding to develop a 20-megawatt AI-focused data center in Sweden. This collaboration will leverage EdgeMode’s Marviken Smart Energy Cluster and Vertical Data’s AI-cluster design capabilities. These strategic developments reflect EdgeMode’s ongoing efforts to expand its data center capabilities and partnerships.

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