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News 2026-10-15 13:03 UTC

OpenWorld Signs Non-Binding Term Sheet for Tokenized Financing Up to $1B

OpenWorld entered a non-binding term sheet with Meridian for a tokenized financing program of up to $1 billion. The program would fund a solar-powered distributed AI computing network initially targeting 10,000 homes, with installations expected to begin in Q4 2026, subject to definitive agreements.

News 2026-10-15 12:30 UTC

OpenWorld Signs Non-Binding Term Sheet for Up to $1B Financing

OpenWorld signed a non-binding term sheet with Meridian for up to $1B in tokenized financing for a distributed, solar-powered AI inference network. Test installations are targeted for Q4 2026, with the first commercial site targeted for Q1 2027.