Joint VentureJul 6, 2026, 08:47 AM
Big Digital Energy Forms JV, Acquires Site for 300+ MW AI Datacenter
AI Summary
Big Digital Energy, Inc. announced a 50/50 joint venture with 10NetZero to acquire a site in Hood County, Texas, for a large-scale AI datacenter campus. The site currently has 17 MW of operational power, with plans to expand to 111 MW of grid power and up to 311 MW with behind-the-meter generation. This strategic move aims to accelerate the company's transition into an AI datacenter developer and operator. Concurrently, the company raised $15.03 million through the issuance of Series D Convertible Preferred Stock and warrants to Six Thirty AI, LLC, an entity controlled by its executive management.
Key Highlights
- Formed 50/50 joint venture with 10NetZero for AI datacenter development.
- Signed letter of intent to acquire 50-acre Hood County, Texas site.
- Site has 17 MW operational power, expandable to 111 MW grid power.
- Potential for 311 MW total capacity at full deployment.
- Raised $15.03 million from Series D Preferred Stock sale.
- Issued warrants for 926,748 common shares at $10.81 exercise price.
- Purchaser (Six Thirty AI, LLC) controlled by company's Executive Chairman, CEO, COO.
- Projected stabilized annual NOI of ~$485 million at full deployment.
Price Impact
More from MIGI