Edgemode enters non-binding offer to sell data center SPV, signs standstill with lenders

Edgemode, Inc.

On June 24, 2026, Edgemode entered a non-binding offer with Spark AI Foundry Holdings to sell 100% of DC Estate Malpica, S.L., which owns a 300 MW data center project in Mora, Spain.
The offer is non-binding and subject to due diligence; purchase price set at EUR 1,000,000 per MW of IT capacity, subject to negotiation.
Edgemode entered standstill agreements with certain lenders holding ~$1,150,000 in convertible promissory notes, agreeing not to convert or sell shares for 30 days.
The transaction involves acquisition of the SPV's shares upon reaching Ready-to-Build status, expected by end of year or Q1 next year.
The land lease is for 35 years at EUR 2,000 per hectare per year, and the project uses off-grid energy model with natural gas SOFC and solar.

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