other material
confidence high
sentiment positive
materiality 0.85
CleanCore closes 200 MW data center JV in West Texas, appoints Tyler Hassen CEO
CleanCore Solutions, Inc.
- ZONE formed JV with HST Technologies; owns >95% of first 200 MW West Texas campus, potential 500+ MW.
- ZONE commits $100M cash by Q1 2027 for initial 200 MW; total capital commitments up to $2B.
- ZONE receives 12% preferred return and 80% of profits after return; Platform Co gets 20% carried interest.
- Tyler Hassen appointed CEO; Alex Spiro continues as Chairman.
- Equity consideration to Platform Co: $60k-$80k per MW for 500 MW, with $0.90 floor on VWAP.