EdgeMode Executes Definitive Agreement with Blackberry AIF to Develop 1.5GW+ Tier 3 AI Data Center Portfolio in Spain

Rhea-AI Summary

EdgeMode (OTC: EDGM) executed a definitive agreement with Blackberry AIF to acquire and develop a portfolio of five large-scale data center sites in Spain into a new SPV where EdgeMode will hold 75% and BAIF 25%.

The portfolio represents over 1.5GW of planned Tier 3 AI-ready capacity. EdgeMode will finance and advance the sites to Ready-to-Build (RTB), with RTB sale valuations estimated at up to ~$1 million per MW based on current European hyperscale demand. First RTB sites are targeted for 2027 with staged commercialisation through 2028.

Positive

• >1.5GW planned Tier 3 AI capacity across five Spain sites
• EdgeMode to hold 75% ownership in the SPV
• RTB valuations estimated up to ~$1M per MW
• First RTB sites targeted for 2027 with staged commercialisation through 2028

Negative

• EdgeMode will assume responsibility for financing and advancing the sites to RTB, increasing funding obligations

FORT LAUDERDALE, Fla., Nov. 17, 2025 (GLOBE NEWSWIRE) -- EdgeMode (OTC: EDGM), a global Energy and AI data center infrastructure company, today announced that it has executed a definitive agreement with Blackberry AIF (BAIF) to acquire and develop a portfolio of five large-scale data center sites in Spain.

Under the agreement, the portfolio assets will be transferred into a new special purpose vehicle (SPV) in which EdgeMode will hold 75% ownership and BAIF will hold 25%. EdgeMode will assume responsibility for financing and advancing the sites through Ready-to-Build (RTB).

The portfolio represents over 1.5GW of planned Tier 3 data center capacity, making it one of the largest AI-focused infrastructure development initiatives currently underway in Europe.

Each site is being advanced to RTB status, at which point they are expected to command RTB sale valuations of up to approximately $1 million per MW, based on current European hyperscale and AI-compute demand.

“The execution of this agreement transforms EdgeMode into a large-scale developer of AI-ready data center capacity in a strategic European market,” said Charlie Faulkner, CEO of EdgeMode. “AI compute growth is now constrained by power, not capital or customer demand. Spain offers land, power optionality, and proven demand interest - and BAIF brings a proven local development capability. We are now positioned to deliver institutional-grade, scalable AI data center capacity at meaningful scale.”

“This agreement enables BAIF and EdgeMode to combine complementary capabilities — local development execution and international capital markets reach — to create significant long-term value,” said Jose Mora, CEO of BAIF. “We look forward to accelerating the delivery of these sites to RTB and into construction.”

Strategic Rationale:

• Establishes EdgeMode as a major European AI infrastructure developer
• Creates a repeatable RTB monetisation model across multiple >300MW campuses
• Aligns with institutional demand for scalable, power-secure AI compute sites
• Accelerates EdgeMode’s strategic roadmap toward a planned U.S. uplisting
  
  

EdgeMode and BAIF are now progressing:

• Final permitting and RTB documentation
• Power integration planning (gas baseload + optional renewable + BESS configurations)
• Strategic buyer and JV conversations with hyperscalers and infrastructure funds
• First RTB sites are targeted for 2027, with staged commercialisation continuing through 2028.
  
  

About EdgeMode:
EdgeMode develops scalable AI-ready data center campuses and integrated energy infrastructure across strategic global markets. The company focuses on power-secured developments aligned to accelerating AI and high-performance compute demand.

About Blackberry AIF (BAIF):
BAIF is a Spain-based energy and infrastructure development group with a proven track record across renewables, grid assets, and large-scale project execution throughout Europe and Latin America.

Forward-Looking Statements:
Certain statements made in this press release are not based on historical facts, but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as “aim,” “anticipate,” “believe,” “can,” “could,” “continue,” “estimate,” “expect,” “evaluate,” “forecast,” “guidance,” “intend,” “likely,” “may,” “might,” “objective,” “ongoing,” “outlook,” “plan,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “target” “view,” “will,” or “would,” or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. These statements reflect the Company’s reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company’s ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its products and technologies and integrate its products and technologies with First-party platforms or technologies; the Company’s efforts and ability to drive the adoption of its products and technologies as a standard feature, including their use in homes, hotels, offices and cruise ships; the Company’s ability to capture market share; the Company’s estimates of its potential addressable market and demand for its products and technologies; the Company’s ability to raise additional capital to support its operations as needed, which may not be available on acceptable terms or at all; the Company’s ability to continue as a going concern; the Company’s ability to execute on any sales and licensing or other strategic opportunities; the possibility that any of the Company’s products will become National Electrical Code (NEC)-code or otherwise code mandatory in any jurisdiction, or that any of the Company’s current or future products or technologies will be adopted by any state, country, or municipality, within any specific timeframe or at all; risks arising from mergers, acquisitions, joint ventures and other collaborations; the Company’s ability to attract and retain key executives and qualified personnel; guidance provided by management, which may differ from the Company’s actual operating results; the potential impact of unstable market and economic conditions, including recent measures adopted by the federal government, on the Company’s business, financial condition, and stock price; and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. There can be no assurance as to any of the foregoing matters. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.

Company Contact:
Charlie Faulkner
Chief Executive Officer
EdgeMode Inc.
hello@edgemode.io

FAQ

What did EdgeMode (EDGM) announce about its Spain data center portfolio on November 17, 2025?

EdgeMode announced a definitive agreement with Blackberry AIF to form an SPV for five Spain sites, representing over 1.5GW of planned Tier 3 capacity with EdgeMode holding 75%.

How much ownership will EdgeMode (EDGM) hold in the new Spain SPV and what is BAIF's stake?

EdgeMode will hold 75% of the SPV and Blackberry AIF will hold 25%.

What are the projected RTB sale valuations for EdgeMode's Spain sites and what basis is cited?

RTB sale valuations are expected at up to ~$1 million per MW, based on current European hyperscale and AI-compute demand.

When are the first Ready-to-Build sites for EdgeMode's Spain portfolio targeted to reach RTB?

The first RTB sites are targeted for 2027, with staged commercialisation continuing through 2028.

Who will finance the development of EdgeMode's Spain AI data center portfolio (EDGM)?

Under the agreement, EdgeMode will assume responsibility for financing and advancing the sites to RTB.