Blockfusion, owner-operator of a strategically located clean energy-powered data center, is responding to the surge in demand for HPC and AI compute by upgrading and expanding its Niagara Facility into a next-generation data center for GPU-driven workloads.
Blockfusion's Niagara Facility is strategically located in NYISO Zone-A, providing fast data transport times to key cities and surrounded by major HPC and semiconductor companies.
The management team of Blockfusion brings over 100 years of combined experience in data center infrastructure, and they plan to accelerate their HPC/AI upgrade plans leveraging existing power access and expansion opportunities.
Business Combination Details
Blockfusion's business will be carried out by Blockfusion Data Centers, Inc. after the closing with an estimated equity value of $450 million.
Management Expertise
Blockfusion's management team has extensive experience in data center infrastructure, and a new board member, Aber Whitcomb, is expected to join after the transaction.
Financial Projections
Blockfusion management estimates significant revenue and EBITDA growth by 2030, based on the successful HPC/AI transition plan.
- The Business Combination with Blue Acquisition Corp is expected to deliver $200 million in proceeds to support Blockfusion's AI transition and working capital needs.
- The strategic location, existing infrastructure, and expertise of Blockfusion's team position the company for growth in the high-demand HPC/AI industry.
Blockfusion's transition to a next-generation HPC/AI data center through the Business Combination Agreement with Blue Acquisition Corp signifies a significant development in the company's growth trajectory and industry positioning.