1606 Corp. has signed an Acquisition Term Sheet with Sim Agro Inc. for the acquisition of power assets for data centers and AI.
Sim Agro Inc., a leading privately held power and sustainable energy company, will acquire a controlling interest in 1606 Corp. to expand into captive power generation for AI and data center infrastructure.
The transaction is expected to position 1606 Corp. as a key player in the growing sectors of data centers and AI by providing reliable and sustainable energy solutions.
Acquisition Term Sheet
1606 Corp. signed an Agreement Term Sheet with Sim Agro Inc. for the acquisition of power assets.
Strategic Expansion
1606 Corp. aims to expand into captive power generation for AI and new frontier digital infrastructure.
Controlling Interest
Sim Agro Inc. intends to acquire a controlling interest in 1606 Corp. to support energy and data center infrastructure.
Rapid Sector Growth
The transaction positions 1606 Corp. to play a key role in the rapidly expanding sectors of data centers and AI.
- The acquisition by Sim Agro Inc. provides 1606 Corp. with the foundation to support the next generation of data centers with reliable and efficient energy solutions.
- The transaction marks a strategic move for 1606 Corp. to participate in the growing demand for cloud services, AI, and digital infrastructure with uninterrupted energy supply.
The collaboration between 1606 Corp. and Sim Agro Inc. opens new opportunities in the energy and data center sectors, ensuring reliable and sustainable power for future digital infrastructure growth.