BluSky AI signs LOI to lease 16,000 sq ft in Nephi, Utah for modular AI data center expansion

BLUSKY AI INC.

Non-binding LOI with TNT Land and Holdings LLC for ~16,000 sq ft pad (100x150 ft) on Juab County parcels.
Base lease $4k/month escalating to $28k/month upon full activation of 4 MW; 10-year term with two 5-year options, 2% annual escalation, NNN.
120-day inspection period for BluSky to evaluate site conditions and utility readiness.
BluSky responsible for all site modifications, power upgrades, and activation costs; termination if module installation not commenced within 12 months.
Site located at 1358 N 200 W, Nephi, Utah with additional acreage available for expanded capacity.

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