GlobeNewsWire
01 Jul 2026, 21:35 UTC · 2h ago
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Range Impact (RNGE) has formed a 50/50 joint venture with C2 Ventures to develop an AI infrastructure platform on a 9,000-acre site in West Virginia. — Transforming legacy mining assets into high-demand AI infrastructure creates a new, scalable revenue stream and valuation driver for a small-cap company.
+0.60The Fola Mine Complex site includes 100,000 acres of mineral interests, 650 million gallons of water, and access to multiple electrical transmission systems. — Securing the 'physical layer' (power, water, and land) is the primary bottleneck for hyperscale AI deployment, increasing the project's viability.
+0.40The joint venture aims to attract technology companies, engineering partners, and long-term institutional capital to the platform. — The success of the venture depends on securing external hyperscale tenants and capital, which represents potential future growth but carries execution risk.
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The company is launching a strategic joint venture to transform industrial assets into AI infrastructure, creating long-term shareholder value.
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