BluSky AI Inc. Secures First Site with 9.3MW to Launch Flagship Data Center in Central, Utah

Rhea-AI Summary

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.

Positive

• Secured 9.3 MW of grid-interconnected power at competitive rates for long-term operations
• Acquired control of 51.6 acres of strategic land in Central, Utah
• Additional grid access capacity beyond the initial 9.3 MW commitment
• Long-term energy stability secured for the full operational life of the data center

Negative

• Significant share dilution with issuance of 20 million restricted common shares
• Annual base rent of $90,000 will accrue rather than be paid immediately
• Limited two-year initial lease term requires future extension or purchase execution

Salt Lake City Utah, July 08, 2025 (GLOBE NEWSWIRE) -- BluSky AI Inc. (OTC: BSAI), (“BluSky AI” or the “Company”), a next-generation developer of modular AI data center infrastructure, is proud to announce the acquisition of its first operational site, securing a total of 9.3 megawatts (MW) of power to support its flagship data center project in Central, Utah.

On June 30, 2025, BluSky AI entered into a definitive Acquisition and Power Assignment Agreement with Digital Asset Management, LLC (“DAM”), a Wyoming-based infrastructure partner. Under the agreement, DAM assigned to BluSky AI its exclusive right to utilize 9.3 MW of grid-interconnected power at a highly competitive rate, subject to standard adjustments. This power commitment will support BluSky AI’s long-term operations at the Milford site.

In consideration for the power rights, BluSky AI issued 20 million shares of restricted common stock to DAM. The agreement spans the full operational life of the Utah data center project, ensuring long-term energy stability and cost efficiency.

Simultaneously, BluSky AI executed a Ground Lease with an Option to Purchase with Wild Mustang Ventures LLC, securing 51.6 acres of land in Central, Utah. The lease, which runs for an initial two-year term, includes an annual base rent of $90,000, which will accrue until the earlier of lease expiration or BluSky’s exercise of its purchase option.

With this dual milestone, BluSky AI now controls 9.3 MW of power capacity, including additional grid access beyond the commitment, positioning the Company to rapidly deploy its modular AI compute infrastructure.

“This is a foundational moment for BluSky AI,” said Trent D'Ambrosio, CEO of BluSky AI Inc. “Securing long-term, low-cost power and a strategic land position in Central Utah gives us the runway to scale our AI infrastructure with sustainability and precision. It’s the first step in a bold vision to provide access to compute and power the future of intelligent systems.”

Trent D’Ambrosio
CEO, BluSky AI Inc.
trentdambrosio@bluskyaidatacenters.com
www.bluskyaidatacenters.com

About BluSky AI Inc.

Headquartered in Salt Lake City, Utah, BluSky AI Inc. delivers modular, rapidly deployable data center infrastructure purpose-built for artificial intelligence. These next generation scalable AI Factories provide speed-to-market, and energy optimization for entities requiring high-performance infrastructure to support machine learning workloads. BluSky AI empowers small, mid-sized, enterprise, and academic partners from start-up to scale-up to drive innovation without compromise.

Forward-Looking Statements:

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties.  Forward-looking statements in this news release include statements with respect to the potential impact for the Company. There can be no assurance statements will prove to be accurate and actual results and future events could differ materially from anticipated in such statements.

BluSky AI Inc. disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events except as required by applicable securities legislation.

FAQ

What power capacity did BluSky AI (BSAI) secure for its Utah data center?

BluSky AI secured 9.3 megawatts (MW) of grid-interconnected power for its data center project in Central, Utah.

How much land did BluSky AI acquire in Central, Utah?

BluSky AI secured a lease for 51.6 acres of land in Central, Utah through a Ground Lease with Wild Mustang Ventures LLC.

How many shares did BSAI issue for the power rights acquisition?

BluSky AI issued 20 million shares of restricted common stock to Digital Asset Management, LLC as consideration for the power rights.

What is the annual rent for BluSky AI's Utah land lease?

The lease includes an annual base rent of $90,000, which will accrue until either lease expiration or exercise of the purchase option.

Who is the CEO of BluSky AI (BSAI)?

Trent D'Ambrosio is the CEO of BluSky AI Inc.