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BluSky AI (OTC: BSAI) has secured its first operational site for AI data center infrastructure in Central, Utah through two key agreements. The company acquired 9.3 megawatts (MW) of grid-interconnected power through a Power Assignment Agreement with Digital Asset Management, LLC, issuing 20 million shares of restricted common stock as consideration.
Additionally, BluSky AI executed a Ground Lease with Wild Mustang Ventures LLC for 51.6 acres of land, featuring a two-year term and $90,000 annual base rent with a purchase option. This dual acquisition positions BluSky AI to deploy its modular AI compute infrastructure with long-term energy stability and cost efficiency.
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