Big Digital Energy Enters JV With 10Netzero To Acquire A Site In Texas For Conversion To A Data Center Campus Serving AI Customers

The Company also engaged Northland Capital Markets to act as a financial advisor in relation to the Company’s evaluation of AI/high-performance computing ("HPC") uses for the Company’s power assets, including site level financing and partnership opportunities. The approximately 50-acre Hood County site contains over 30,000 square feet of existing structures the partnership intends to repurpose for datacenter use as well as an administrative office which will be utilized as the Command Center. The Hood County site already carries 17 MW of operational power and will be expandable up to 111 MW of grid power, subject to validation by the Electric Reliability Council of Texas ("ERCOT"). On-site are two 12-inch and one 20-inch natural-gas pipelines providing the option to add behind-the-meter generation, supporting a buildout to as much as 311 MW of operating capacity. The acquisition would...