Valor Energy to buy Glorious Star's Youngstown, Ohio computing center for $3.6M, plans AI data-center conversion

Senmiao Technology Ltd

Pays $3.6M for 100% of Glorious Star LLC; a refundable $360,000 (10%) deposit is due within five business days of the Oct. 17, 2026 agreement, with $3.24M due at closing.
Site at 1911 Logan Avenue, Youngstown, Ohio: ~30,888 sq ft warehouse with a 23kV Ohio Edison connection providing 18,000 kVA (18 MVA) site capacity; company notes MVA is not usable IT load.
Land use contract runs through Dec. 31, 2030; 30-business-day due diligence period with full deposit refund if false information is found, and no break-up fee on valid termination.
Buyer reimburses Seller $30,000 for prepaid rent through Dec. 31, 2026 and assumes electricity charges incurred after Nov. 15, 2026, plus the remaining security deposit balance.
Planned conversion to an AI/high-performance computing data center needs additional design, construction, equipment, permitting and financing; no assurance the deal or conversion closes.

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