other material
confidence high
sentiment neutral
materiality 0.40
Edgemode forms SPV with Blackberry AIF to acquire five Spain leases for 1.8GW HPC datacenter sites
Edgemode, Inc.
- SPV DC Estate Solutions Cayman is 75% owned by Edgemode, 25% by BAIF; 5 leases in Malpica, Caceres, Vianos, Cordoba, Torrecampo.
- Total planned capacity of 1.8 GW (360 MW/site); leases average 35-year term at ~$96k/month initial cost, subject to milestones.
- MOU signed Oct 15, SPV SPA on Nov 6; $250k paid at each milestone; options for 250M shares to BAIF principal Jose Mora.
- Edgemode estimates $5M working capital needed for full RTB status; no assurances on financing, permits, or gas pipeline approval.