1606 Corp. signs agreement to acquire 132-acre data-center-ready property in Texas for $11.2M

1606 CORP.

Purchase price $11.2M ($7M cash plus assumption of ~$4.2M mechanic's lien).
Property in Lufkin, TX includes 132 acres, 50,000-sq-ft warehouse, and existing power generation.
Closing expected on April 15, 2026, subject to customary conditions and due diligence.
Company in discussions with Sim Agro Inc. about a potential business combination; no definitive agreement.
Site is positioned for data center deployment with captive power, addressing AI-driven electricity demand.

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