M&A
confidence high
sentiment positive
materiality 0.90
AIB Data Centers completes $17.2M Texas data center land acquisition
BlockchAIn Digital Infrastructure, Inc.
- Acquired ~29.4 acres in Texas for data center development for aggregate consideration of $17,225,400
- Paid $8.25M cash for 5-acre Property A with existing 15 MW electric service
- Acquired 100% interests for Property B (24.4 acres) for $8.9754M, incl. $6M deferred payment
- Issued two standby LCs totaling $7.75M: $6M to seller and $1.75M to utility for 40 MW service
- Deferred payment due when Utility Company places Property B facilities in service, by Dec 31, 2028