#USA #New York #Data Center #Blue Acquisition #Blockfusion

Blockfusion's Strategic Move to Go Public

Blockfusion USA, Inc., a leading player in the data center infrastructure market, has announced a significant move to become a public company through a business merger with Blue Acquisition Corp. This transaction comes amid a surge in demand for high-performance computing (HPC) and artificial intelligence (AI), and Blockfusion intends to leverage its clean energy-powered data center to capitalize on this growing market.

The Clean Energy-Powered Data Center

Founded in 2019 by Alex Martini-Lo Manto and Kant Trivedi, Blockfusion operates a strategically located data center in Niagara Falls, New York. This facility, powered entirely by clean energy, offers low-latency connectivity to major hubs, providing approximately 1 millisecond response time to Toronto and 3.75 milliseconds to both New York City and Boston. Within the New York Independent System Operator Zone A, Blockfusion has positioned its Niagara Facility as a prime destination for clients transitioning to HPC and AI workloads, driven by a robust demand for data center capacity in the industry.

Blockfusion is currently operating around 46 Tier 1 megawatts (MW) of power, with ambitious plans to expand to over 100 MW of Tier 3 capacity specifically designed to support next-generation AI workloads. The expansion, which is guided by leading design and engineering partners such as Gensler and Thornton Tomasetti, aims to achieve a power density of 200KW per rack—a significant leap that will enable Blockfusion to accommodate the increasing needs of GPU-driven workloads.

Management Team with Extensive Experience

The management team of Blockfusion brings a wealth of experience, having accumulated over 100 years in data center infrastructure development. Notably, Aber Whitcomb, who serves as CEO of Salt AI and is a co-founder of Core Scientific, is expected to join Blockfusion's board once the merger closes. This seasoned leadership is pivotal as Blockfusion accelerates its upgrade plans to enhance its HPC/AI capabilities.

Financial and Operational Insights

The anticipated business combination with Blue Acquisition emphasizes a pre-money equity value of $450 million for Blockfusion, which aims to solidify its standing as a low-cost provider of high-performance computing resources. Blue Acquisition currently holds about $204 million in cash from its IPO trust account, which will assist in funding Blockfusion's transition towards an HPC/AI-centric data center.

The potential for revenue generation is significant, with Blockfusion projecting that its operations could yield around $128 million in gross revenues and $75 million in EBITDA by 2028, potentially escalating to $209 million in revenues and $132 million by 2030. These revenues are based on detailed cash flow forecasts that factor in capital access and operational execution of expansion opportunities.

Responding to AI Market Needs

Blockfusion's CEO, Alex Martini-Lo Manto, emphasized the company's mission to deliver reliable and cost-effective computing at scale. By transforming a former coal facility into a clean energy-powered data center, Blockfusion has demonstrated its capability to manage complex infrastructure projects, aligning them with the urgent demands of the AI market. As the demand for power and high-density computing continues to rise, Blockfusion believes it is uniquely positioned to provide customers with the stability and predictability they require.

The partnership with Blue Acquisition is expected to accelerate Blockfusion's ambitions to bring more low-cost, clean energy capacity online, as the industry gears up for a substantial build-out of HPC and AI infrastructure.

As the merger is slated to close in the first half of 2026, pending shareholder approvals and standard closing conditions, the new entity will operate under the name Blockfusion Data Centers, Inc. The common stock is expected to be listed on Nasdaq, presenting a significant opportunity for investors as Blockfusion positions itself to meet the burgeoning demands of technology in the clean energy landscape.

Looking Ahead: A Sustainable Future for Data Centers

As data centers increasingly reflect society's dedication to sustainability, Blockfusion's commitment to clean energy and efficient power utilization is evident. With its advanced data center facility and strategic expansion plans, Blockfusion stands ready to make a substantial impact on the future of data processing and management in a world where AI continues to dominate technological conversations.

In conclusion, Blockfusion's public debut represents not just a financial milestone but a hallmark of innovation and sustainability in the data center industry as it aims to meet the accelerating demand for HPC and AI capabilities.