Blockfusion Signs 15-Year Anchor Lease With CoreWeave at Niagara Falls AI Campus

M&A · PartnershipCorporate Action
โดย GlobeNewswire·US·Read original
Summary · why it matters

Blockfusion USA, Inc. announced that its wholly owned subsidiary, North East Data, LLC, has entered into a definitive anchor lease with CoreWeave, Inc. for capacity at Blockfusion's Niagara Falls, New York campus, alongside a companion expansion agreement. The two agreements convert the non-binding letter of intent announced on June 30, 2026, into definitive agreements, and the lease carries a 15-year initial term with two five-year renewal options. Blockfusion has transformed a decommissioned power plant into a low-carbon data center powered predominantly by hydroelectric power and is now adapting the campus for high-density, liquid-cooled AI infrastructure, benefiting from an existing grid interconnection, clean energy and redundant fiber infrastructure. Chief Executive Officer Alex Martini-Lo Manto called the agreement a defining milestone for Blockfusion and strong validation of the Niagara Falls campus, while Mayor Robert Restaino said the commitment creates opportunities for residents and businesses. The agreements also mark a step in Blockfusion's proposed business combination with Blue Acquisition Corp., which is expected to result in Blockfusion Digital Infrastructure, Inc. becoming a publicly traded company listed on the Nasdaq Stock Market under the ticker symbol BDI, with additional information to be included in an amendment to the registration statement on Form S-4 filed with the U.S. Securities and Exchange Commission.

Impact on stocks 3

Artificial Intelligence▲ · 2 stocks
Financials▲ · 1 stocks
Blue Acquisition Corp. Class A Ordinary Shares
BACC
▲ PositiveCapitalrelevance

The definitive CoreWeave lease advances Blockfusion's proposed business combination with Blue Acquisition Corp., which would create the Nasdaq-listed Blockfusion Digital Infrastructure (BDI).

Theme Impact 4

Off-coverage companies 3

Blockfusion USA, Inc.Private▲ Positive
Demandrelevance

Blockfusion USA's subsidiary North East Data converted its LOI into a definitive 15-year anchor lease with CoreWeave for its Niagara Falls AI campus.

Blockfusion Digital Infrastructure, Inc.Private▲ Positive
Demandrelevance

The definitive 15-year anchor lease with CoreWeave secures long-term capacity demand for Blockfusion Digital Infrastructure's Niagara Falls AI campus.

North East Data, LLCPrivate± Mixed
relevance

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