GlobeNewsWire
13 Jul 2026, 17:42 UTC · 5h ago
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EdgeMode Inc. (EDGM) has entered into a non-binding offer (NBO) for Spark AI Foundry Holdings LLC to acquire its 300 MW AI data center project in Spain. — A potential exit for a 300 MW project provides a clear valuation benchmark and a path to significant liquidity for a micro-cap company.
+0.60The agreed purchase price is €1,000,000 per MW of IT capacity permitted and certified as Ready-to-Build (RTB) at closing. — Sets a concrete valuation of up to €300 million for the project, which is highly material relative to the likely market cap of an OTC-listed developer.
+0.50The acquisition is contingent upon the project reaching 'Ready-to-Build' status by late 2026 or Q1 2027, subject to environmental and building permits. — The deal is non-binding and carries significant execution risk, as failure to meet permit deadlines allows the buyer to terminate.
-0.30Continue reading
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EdgeMode is utilizing an off-grid approach to power generation to bypass traditional infrastructure constraints for the Malpica project. — Demonstrates a strategic capability to solve the primary bottleneck (power) for AI data centers, potentially increasing the company's enterprise value.
+0.20Which stocks this story touches
The company has entered into a non-binding offer for the sale of its 300 MW AI data center project, marking a pivotal milestone in its growth strategy.
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