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Blockfusion and Blue Acquisition (Nasdaq: BACC, to become BLDC) announced several milestones tied to their proposed business combination to form Blockfusion Digital Infrastructure.
Key items include a non-binding LOI for up to 300 MW of AI data center capacity, an estimated $2.8–$5.4 billion potential lease value on 85 MW of take-or-pay capacity, a $175 million proposed convertible note financing, a non-redemption term sheet for about $33 million of Blue’s trust, and land exclusivity to support more than 300 MW of capacity at the Niagara Falls campus, all subject to definitive documentation and closing of the business combination.