Algorhythm Holdings Flags Potential Sale of Biomass Project for Up to $70 Million

Algorhythm outlined potential monetization of a 100MW North Carolina biomass project, including a sale for up to $70 million or a minority stake expected to generate more than $4 million in annual EBITDA starting in late 2028. Azure expects about $3 million in fee income in 2027 and about $7 million in equity proceeds if the project is sold.