- BluSky AI Inc. secures 9.3 MW of power for its Utah data center.
- Acquires a two-year lease for 51.6 acres with an annual rent of $90,000.
- Issued 20 million shares of restricted common stock as consideration for power rights.
BluSky AI Inc. (OTC: BSAI), a leader in modular AI data center infrastructure, has made a significant stride by securing its first operational site in Central, Utah. The company announced that it has acquired a total of 9.3 megawatts (MW) of grid-interconnected power through a definitive Acquisition and Power Assignment Agreement with Digital Asset Management, LLC. This deal ensures long-term energy stability and cost efficiency for BluSky AI's flagship data center project.
As part of the agreement, BluSky AI has issued 20 million shares of restricted common stock to Digital Asset Management, LLC as consideration for the power rights. This solidifies the company's commitment to supporting its long-term operations at the Milford site with sustainable energy resources.
In tandem with the power acquisition, BluSky AI has entered into a Ground Lease with an Option to Purchase with Wild Mustang Ventures LLC, securing 51.6 acres of strategic land in Central, Utah. The initial two-year lease includes an annual base rent of $90,000, which will accrue until the lease expires or BluSky AI exercises its purchase option.
According to Trent D'Ambrosio, CEO of BluSky AI, this dual milestone marks a foundational moment for the company, providing the runway to scale AI infrastructure sustainably. The strategic positioning of land and power capacity facilitates the rapid deployment of their modular AI compute systems, critical for advancing intelligent systems.
BluSky AI's efforts underscore its dedication to delivering cutting-edge, scalable AI data center solutions, designed to meet the growing demands of high-performance computing for machine learning and other AI-driven applications.
