other material
confidence high
sentiment neutral
materiality 0.70
Edgemode issues 400M shares to JV partner; Spain data center capacity raised to 4,350 MW
Edgemode, Inc.
- Converted 400M stock options into 400M restricted common shares issued to BAIF under Joint Venture Agreement.
- Total capacity of Spain data centers increased to 4,350 MW via pipeline expansion (updated to 2,850 MW from 2,050 MW).
- Monthly payment obligations of USD 125k (JVA) and USD 100k (from May 2026) reaffirmed.
- Shares issued exempt from registration under Section 3(a)(9); issuance must complete within 10 days or JVA options reinstate.
- Parties confirm intention to continue expanding strategic relationship with potential additional AI data center projects.