EdgeMode Inc. Announces Acquisition of Synthesis Analytics AB and Entry into AI Data Center Colocation Industry

Rhea-AI Summary

EdgeMode Inc. (OTCQB:EDGM) has announced its agreement to acquire Synthesis Analytics AB, marking its entry into the AI data center colocation industry. The acquisition includes a 20,000 m² land freehold in Sweden with 20 MW power capacity. EdgeMode has secured 45 MW of sites for immediate development, reducing Time to Power for AI Compute tenants to less than six months.

Key highlights:

• 100% renewable energy supply
• Proprietary immersion cooling technology
• 400 MW pipeline
• 3 months Time to Power for initial 20 MW
• 1100 sqm data center facilities with cooling infrastructure

The acquisition is expected to complete before the end of 2024. EdgeMode focuses on providing edge compute solutions through low-latency colocation in dense urban areas. The company plans to expand to multiple international locations in 2025 and beyond.

Positive

• Acquisition of Synthesis Analytics AB, entering the AI data center colocation industry
• 45 MW of sites secured for immediate development
• 100% renewable energy supply for operations
• Proprietary immersion cooling technology enhancing efficiency
• Rapid expansion plans with 400 MW pipeline
• Reduced Time to Power of 3 months for initial 20 MW
• Strategic land acquisition of 20,000 m² with 20 MW Power Purchase Agreement
• Plans for international expansion in 2025 and beyond
• Potential uplisting to NASDAQ in the future

Negative

• Potential need for capital raising to fund future growth
• Integration challenges may arise from the acquisition process
• Rapid expansion plans may lead to increased operational risks

News Market Reaction – EDGM

%

1 alert

% News Effect

On the day this news was published, EDGM declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

• 100% Renewable Energy Supply

• Proprietary Immersion Cooling Technology

• 45 MW Capacity Secured for Immediate Development

• 400 MW Pipeline

• Time to Power: 3 Months for Initial 20 MW

• Land Freehold Secured: 20,000 m² with 20 MW Power Purchase Agreement (PPA)

• Rental agreement of 1100 sqm data center facilities with cooling infrastructure in place enabling instant start of start green AI Data Center in Sweden.

FORT LAUDERDALE, FL / ACCESSWIRE / October 16, 2024 / EdgeMode, Inc. (OTCQB:EDGM) is pleased to announce its agreement to acquire the operation and assets of Synthesis Analytics AB (Synthesis), marking its entry into the AI data center colocation industry. The acquisition is expected to complete before the end of 2024. This acquisition includes a 20,000 m² land freehold in Marviken, Sweden, with a 20 MW power capacity. A total of 45 MW of sites have been secured for immediate development, reducing Time to Power for EdgeMode AI Compute tenants to less than six months.

Green Credentials: The company's power sources are 100% renewable, with agreements in place to re-use the residual heat created by the data centers through heated water off-take agreements with district heating grids.

Proprietary Immersion Cooling Technology: Synthesis manufactures and sells immersion cooling and heat exchange hardware, making it an ideal fit for developing AI data centers and pivoting to becoming a colocation host.

Vision for Edge Compute Solutions: EdgeMode is committed to providing edge compute solutions through low-latency colocation in dense urban areas. This strategic focus aims to meet the growing demand for high-performance computing in close proximity to end-users, enhancing speed and efficiency.

EdgeMode is led by a global team of experienced tech entrepreneurs with offices in the U.S. and Sweden. Synthesis, currently operating in Sweden, plans to expand to multiple other international locations in 2025 and beyond, supported by large-scale power capacity, patented technology and hardware.

EdgeMode focuses on rapid growth and deploying its initial 45 MW of data center sites, providing high-performance compute solutions. "With the fast pace and demand in the industry, I anticipate raising capital for future growth and moving toward a full uplisting to NASDAQ," stated Charlie Faulkner, CEO of EdgeMode Inc.

Post-acquisition, Charlie Faulkner and Simon Wajcenberg will remain with the company as CEO and CFO, respectively. Dr. Niclas Adler will join the board and serve as CTO.

Charlie Faulkner: Entrepreneur, tech executive, and angel investor with extensive experience in Europe and Silicon Valley. Co-founded North Block Capital and led global business development for Manage.com, growing revenue from $0 to $100M. Advisor to several tech startups and funds.

Simon Wajcenberg: Experienced entrepreneur with a solid track record. Co-founded North Block Capital and founded Stocknet.co.uk and TMN, which was listed on the LSE with a market cap over $100M. Board member and Ernst & Young Entrepreneur of the Year awardee.

Dr. Niclas Adler: 30 years of entrepreneurial experience in building technology companies, investing in technology companies, and developing innovation accelerators in Europe, Asia, the Middle East, and the U.S. Now driving smart energy clusters and green computing innovation through Synthesis Analytics.

About Synthesis Analytics: Established in 2017, Synthesis has been developing proprietary solutions for green HPC (High Performance Computing) and Edge Computing, powered by 100% renewable energy. Processors run with maximum energy efficiency due to specialization. The deployed energy is fully captured and recycled through a proprietary immersion cooling system. In HPC and Edge computing, Synthesis Analytics are unique in offering a completely green solution: Green Computing™ and Intelligent Heating, Powered by Nature.

For more information, please visit: www.synthesis.se

About EdgeMode, Inc. EdgeMode Inc. is a cutting-edge technology company specializing in high-performance computing and colocation data centers. With a focus on sustainability, their operations are powered by 100% renewable energy and feature innovative immersion cooling technology. They aim to provide low-latency edge compute solutions to meet the growing demand for fast and efficient computing. Led by a team of seasoned tech entrepreneurs, EdgeMode is expanding globally, with offices in the U.S. and Sweden. Their recent acquisition of the operation and assets of Synthesis Analytics AB marks a significant step towards becoming a leader in green computing.

For more information, please visit: www.edgemode.io

Forward-Looking Statements: Statements in this press release that are not statements of historical or current fact constitute 'forward-looking statements,' including statements regarding expected closing time, forecasted hosting capacity to come online in 2025, and expectations for expansion and profitability. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the Company's actual operating results to differ materially from any historical or future results expressed or implied by such forward-looking statements.

Contact: hello@edgemode.io

SOURCE: EdgeMode Inc

View the original press release on accesswire.com

FAQ

What company is EdgeMode Inc. (EDGM) acquiring?

EdgeMode Inc. (EDGM) is acquiring the operation and assets of Synthesis Analytics AB, a company specializing in green HPC and Edge Computing solutions.

How much power capacity has EdgeMode (EDGM) secured for immediate development?

EdgeMode (EDGM) has secured 45 MW of sites for immediate development, with a total pipeline of 400 MW.

What is the Time to Power for EdgeMode's (EDGM) initial 20 MW deployment?

The Time to Power for EdgeMode's (EDGM) initial 20 MW deployment is 3 months.

What type of energy does EdgeMode (EDGM) use for its data centers?

EdgeMode (EDGM) uses 100% renewable energy for its data center operations.

When is the acquisition of Synthesis Analytics by EdgeMode (EDGM) expected to complete?

The acquisition of Synthesis Analytics by EdgeMode (EDGM) is expected to complete before the end of 2024.