Joby Aviation closes $591 million stock offering with full underwriter option
LONDON - Mast Energy Developments PLC (LSE:MAST) announced on Wednesday that recent international investments in UK AI infrastructure validate its strategy to develop up to 1 gigawatt (GW) of power supply for AI data centers over the next 36 months.
The company cited Google’s £5 billion commitment, BlackRock’s £500 million pledge for British data center infrastructure, and the UK-US tech agreement announced during President Trump’s state visit as evidence of growing demand in the sector.
"These are not merely headlines: they confirm what we at MAST have seen on the ground - that power supply for AI data centers is moving from opportunity to imperative," said Pieter Krügel, Chief Executive Officer of MAST Energy, in a press release statement.
MAST’s strategy involves a phased approach, with initial targets of approximately 100 MW of "shovel-ready" sites within 12 months, followed by building out 300+ MW within 12-36 months. The company plans to deliver power in modular blocks of 25-50 MW.
The company also announced it has applied for a block listing of 116,700,142 ordinary shares related to prepaid warrants issued in July 2025. Additionally, MAST received notice of the exercise of cash warrants for 875,000 ordinary shares at 4 pence per share.
Following the admission of these new shares, expected on September 18, the company’s issued share capital will consist of 24,610,927 ordinary shares with voting rights.
The beneficial holding of Paul Venter, non-executive director and chairman, will change from 8.25% to 7.96% of the company’s issued share capital, while Riverfort Global Opportunities PCC Ltd’s holding will change from 7.18% to 6.93%.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.