- The business combination between Signing Day Sports (SGN, Financial) and BlockchAIn Digital Infrastructure is valued at approximately $215 million.
- BlockchAIn DI reported audited revenue of $26.8 million and net income of $5.7 million in 2024.
- Post-merger, BlockchAIn shareholders will hold 91.5% of the new entity, while SGN shareholders will retain 8.5%.
Signing Day Sports (SGN) has inked a definitive agreement to acquire One Blockchain LLC, operating as BlockchAIn Digital Infrastructure, positioning itself into the crypto mining and AI data hosting sectors. The acquisition, priced at $215 million, will result in a significant shift in SGN's business focus from sports recruitment to digital infrastructure.
BlockchAIn DI, a profitable data hosting firm, generated $26.8 million in revenue and a net income of $5.7 million in 2024. The company operates a 40MW facility in South Carolina with an additional 10MW expansion capacity and plans to commission a new 150MW facility in Texas by late 2026. This expansion aligns with BlockchAIn's strategy to tap into the high-performance computing and cryptocurrency markets.
Following the merger, BlockchAIn DI shareholders will gain approximately 91.5% ownership of the combined company, significantly diluting SGN's current shareholders, who will retain 8.5%. The deal also includes an earnout provision that could result in additional shares if the company achieves an EBITDA of $25 million by 2026.
The transaction, expected to close in late 2025 pending shareholder approval and NYSE American listing requirements, underscores a strategic pivot for SGN into profitable, high-growth markets driven by BlockchAIn DI's rapidly expanding infrastructure and strong financial performance.
