other material
confidence high
sentiment positive
materiality 0.50
1606 Corp engages MDM Group to market 132-acre Lufkin power campus with 55 MW
1606 CORP.
- Strategic agreement with MDM Group LLC to market planned 132-acre East Texas (Lufkin) power campus with ~55 MW behind-the-meter generation.
- MDM to identify, qualify, and introduce buyers, off-takers, and JV partners; success-fee-only with no upfront or monthly fees.
- Purchase and Sale Agreement for Lufkin facility extends through October 31, 2026; company evaluating lease, JV, and financing paths.
- MDM holds ~30 powered/brownfield sites across 17 states, per release; CEO cites expanded AI infrastructure reach.