ROMA Green Finance to Invest US$15 Million in BlueFlare Group Holdings Inc., Owner of BlueFlare Energy Solutions, Targeting the Underserved Sub-10 MW Segment of a Data-Center Buildout Forecast to Exceed US$3 Trillion This Decade

Rhea-AI Summary

ROMA Green Finance (Nasdaq: ROMA) signed a non-binding letter of intent to invest US$15 million for a 5% equity stake in BlueFlare Group Holdings, owner of BlueFlare Energy Solutions.

The planned cornerstone investment would back sub-10 MW behind-the-meter AI/HPC data-center projects across Western Canada, subject to due diligence and definitive agreements.

Positive

• Planned US$15 million investment for 5% equity stake in BlueFlare Group
• First direct equity position under ROMA’s new AI/HPC infrastructure vertical
• Capital intended to fund BlueFlare’s 10 MW AVAX One HPC site and micro data centers
• Strategy targets sub-10 MW, behind-the-meter AI/HPC infrastructure segment

Negative

• Letter of intent is non-binding and may not lead to a completed transaction
• Closing is subject to satisfactory due diligence and definitive documentation
• BlueFlare’s 10 MW AVAX One contract is pending finalization of definitive agreements

News Market Reaction – ROMA

-1.22% 4.0x vol

27 alerts

-1.22% Session close to close

+36.4% Peak Tracked

-28.5% Trough Tracked

$521.79M Market Cap

4.0x Rel. Volume

In the Jun 15 session, ROMA declined 1.22%, reflecting a mild negative market reaction. Argus tracked a peak move of +36.4% during that session. Argus tracked a trough of -28.5% from its starting point during tracking. Our momentum scanner triggered 27 alerts that day, indicating elevated trading interest and price volatility. Trading volume was very high at 4.0x the daily average, suggesting heavy selling pressure.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement outlines ROMA’s non-binding LOI to invest US$15 million for a 5% stake in BlueFlar...

Analysis

This announcement outlines ROMA’s non-binding LOI to invest US$15 million for a 5% stake in BlueFlare, gaining exposure to behind-the-meter AI/HPC infrastructure and a 10 MW project plus sub-10 MW data centers. In context of a recent US$100.0 million buyback authorization and an effective US$1,000,000,000 shelf, investors may watch how this strategy translates into executed projects, capital deployment pace, and subsequent disclosures on the AI/HPC vertical.

Key Figures

Cornerstone investment: US$15 million Equity stake: 5% HPC site capacity: 10 MW +5 more

8 metrics

Cornerstone investment US$15 million Proposed 5% equity interest in BlueFlare Group Holdings Inc.

Equity stake 5% Non-binding LOI to subscribe for BlueFlare Group equity

HPC site capacity 10 MW Planned high-performance computing site for AVAX One

Targeted data centers <10 MW each Micro-scale distributed data centers across Western Canada

Data-center power outlook 200 gigawatts Forecast global data-center power capacity by 2030

Infra investment outlook US$3 trillion Forecast cumulative data-center infrastructure investment over coming decade

Vertical launch date June 12, 2026 Establishment of ROMA’s AI/HPC infrastructure investment vertical

Price reaction 10.14% ROMA one-day move around announcement

Historical Context

1 past event · Latest: Mar 30 (Positive)

Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 30	Share repurchase plan	Positive	-31.3%	Announced up to US$100.0M share repurchase authorization through 2028.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

The prior buyback announcement was followed by a sharp negative move despite shareholder-friendly optics.

Recent Company History

In the past six months, ROMA announced a share repurchase program of up to US$100.0 million effective Mar 30, 2026, yet the stock fell 31.27% over the next day, showing a divergence between ostensibly supportive capital-allocation news and price action. Today’s AI/HPC infrastructure investment LOI marks a strategic shift toward powered land and compute infrastructure, contrasting with the prior focus on capital returns.

Key Terms

behind-the-meter, high-performance computing, distributed compute infrastructure, data-center, +3 more

7 terms

behind-the-meter technical

"BlueFlare is an Alberta-based developer of behind-the-meter (“BTM”) power generation..."

Equipment or systems located on a customer’s side of the electricity meter—such as rooftop solar panels, battery storage, electric vehicle chargers, or energy controls—that generate, store, or manage power for use on-site rather than being supplied through the utility’s grid. Investors care because behind-the-meter assets change how much power a customer buys, can create new revenue or savings streams, affect demand patterns, and shift regulatory or business models in the energy market, much like a homeowner installing their own water tank reduces municipal supply needs.

high-performance computing technical

"a previously announced 10 MW high-performance computing site for AVAX One..."

A cluster of very powerful computers, special chips and fast networks designed to tackle huge, complex calculations far faster than a normal PC — like replacing a single delivery van with a synchronized fleet to move a city’s worth of packages. For investors, high-performance computing matters because it enables faster product development, more accurate simulations and data analysis, and new revenue streams for hardware, software and services, making firms that supply or use it potentially more competitive and scalable.

distributed compute infrastructure technical

"developer of behind-the-meter (“BTM”) power generation and distributed compute infrastructure."

A distributed compute infrastructure is a system that runs computing work across many machines or locations instead of relying on a single server — like a team of kitchen helpers each handling different orders so the restaurant stays fast and steady. For investors, it matters because it lets a business scale capacity, reduce downtime and latency, and control costs more flexibly, all of which influence revenue growth, profit margins and operational risk.

data-center technical

"segment of a Data-Center Buildout Forecast to Exceed US$3 Trillion This Decade"

A data-center is a secure, climate-controlled facility that houses the computers, network gear and power systems that store and process large amounts of digital information. For investors, data-centers matter because they are the backbone of cloud services, online businesses and critical applications—think of them as a modern warehouse or power plant for digital activity—so their capacity, reliability and cost structure directly affect revenue, growth potential and capital spending for companies that own or use them.

letter of intent financial

"entered into a non-binding letter of intent to subscribe for a 5% equity interest..."

A letter of intent is a document that shows an agreement in principle between parties to work towards a future deal or transaction. It outlines their intentions and key terms, acting like a roadmap before a formal contract is signed. For investors, it signals serious interest and helps clarify expectations early in the process.

natural gas generation technical

"designs, builds, and manages on-site natural gas generation paired with high-density computing facilities"

Electricity produced by burning natural gas in power plants or by using gas-driven turbines; think of it like a home stove or car engine scaled up to run generators that feed the electric grid. Investors watch it because it links power company profits and utility bills to natural gas prices, plant operating costs, and environmental rules—so shifts in fuel cost, demand for electricity, or emissions policy can directly affect revenues and valuations.

distributed data centers technical

"develop a portfolio of micro-scale, distributed data centers, each below 10 MW"

Distributed data centers are multiple physical facilities in different locations that jointly store and process a company’s computing and data needs, working together like one system. For investors, they matter because spreading computing power geographically increases reliability, keeps services fast for local users, helps meet local data rules, and reduces the risk that one outage or disaster will halt operations—factors that influence costs, growth potential and business resilience.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Cornerstone equity investment is ROMA’s first under its newly established behind-the-meter AI/HPC infrastructure vertical; BlueFlare Group Holdings Inc. is the parent of BlueFlare Energy Solutions Inc., whose pipeline includes a previously announced 10 MW high-performance computing site for AVAX One and a roadmap of micro-scale (<10 MW) distributed data centers across Western Canada.

ROMA, Hong Kong, and CALGARY, Alberta, Canada, June 15, 2026 (GLOBE NEWSWIRE) -- ROMA Green Finance Limited (Nasdaq: ROMA) (“ROMA” or the “Company”) today announced that it has entered into a non-binding letter of intent to subscribe for a 5% equity interest in BlueFlare Group Holdings Inc. (“BlueFlare” or the “BlueFlare Group”) for total consideration of US$15 million. BlueFlare Group Holdings Inc. is the parent company and sole owner of BlueFlare Energy Solutions Inc. (“BFE Solutions”) and its affiliated operating subsidiaries. The proposed investment is the first under the dedicated AI/HPC infrastructure investment vertical that ROMA established on June 12, 2026, and represents the Company’s first direct equity position in a behind-the-meter compute infrastructure platform. ROMA’s capital would be subscribed at the BlueFlare Group holding-company level and, on closing, will contribute to BFE Solutions, the group’s principal operating subsidiary, to fund its buildout. The proposed investment is non-binding and remains subject to the satisfactory completion of due diligence and the negotiation and execution of definitive agreements; there can be no assurance that the transaction will be completed on the terms described, or at all.

ROMA’s investment is timed to accelerating demand for AI/HPC capacity. Independent industry forecasts project that global data-center power capacity could roughly double to approximately 200 gigawatts by 2030 and that cumulative investment in data-center infrastructure could exceed US$3 trillion over the coming decade. ROMA believes the most acute constraint in this buildout is not demand but available power and time-to-energization — particularly in the sub-10 megawatt segment that BlueFlare targets and that conventional, grid-dependent development underserves.

BlueFlare is an Alberta-based developer of behind-the-meter (“BTM”) power generation and distributed compute infrastructure. The company designs, builds, and manages on-site natural gas generation paired with high-density computing facilities, enabling AI and HPC workloads to be energized on timelines that grid-connected projects cannot match. BlueFlare operates through its subsidiaries BFE Solutions, BFE Resources, and BFE Equipment. Its leadership team includes Chief Executive Officer Landon Ruszkowski, Chief Financial Officer Walter Mello, Chief Technology Officer Noah Cramer, and Vice President of Operations Pierce McWilliams.

ROMA’s capital is intended to support BlueFlare’s project pipeline. BlueFlare has a previously announced contract — currently pending finalization of definitive agreements — to develop a 10 MW HPC site for AVAX One Technology. BlueFlare also plans to develop a portfolio of micro-scale, distributed data centers, each below 10 MW, sited at or near stranded and underutilized natural gas resources across Western Canada.

The transaction advances ROMA’s stated strategy of allocating capital toward powered land, behind-the-meter generation, and high-density compute assets positioned to serve accelerating AI/HPC demand.

“This is a disciplined, picks-and-shovels investment in the infrastructure layer of the AI era,” said Claire Luk, CEO of ROMA Green Finance Limited. “Compute is constrained by power and by time-to-energization, not by demand. BlueFlare’s behind-the-meter model attacks both constraints at once, and a US$15 million cornerstone stake gives ROMA direct, scalable exposure to the underserved sub-10 megawatt segment. We see this as the foundation of a deliberate AI/HPC infrastructure strategy.”

“ROMA’s commitment validates the model we have built and accelerates our buildout,” said Landon Ruszkowski, Chief Executive Officer of BlueFlare Group Holdings Inc. “With this capital behind us, we can advance our pending 10 MW project for AVAX One and expand our pipeline of micro-scale, distributed data centers. Behind-the-meter generation is how compute gets powered when the grid cannot keep up, and we are positioned to deliver it.”

ROMA intends to provide further detail regarding the transaction and its broader AI/HPC infrastructure strategy in subsequent disclosures.

About BlueFlare Group Holdings Inc.

BlueFlare Group Holdings Inc. is an Alberta-based holding company and the parent of BlueFlare Energy Solutions Inc., BlueFlare Energy Resources Inc., and BlueFlare Energy Equipment Inc. Through these operating subsidiaries (BFE Solutions, BFE Resources, and BFE Equipment), BlueFlare develops behind-the-meter power generation and distributed compute infrastructure, delivering design-build-manage solutions that pair on-site natural gas generation with high-density data-center capacity for AI and high-performance computing workloads.

About ROMA Green Finance Limited

ROMA Green Finance Limited (Nasdaq: ROMA) is a Cayman Islands incorporated company whose operating companies carrying on the business of ESG, corporate governance and risk management as well as sustainability and climate change related advisory services. It is now pursuing direct exposure to AI/HPC and digital infrastructure assets, including powered land, behind-the-meter generation, and high-density compute.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the anticipated benefits and completion of ROMA’s investment in BlueFlare Group Holdings Inc.; the development, financing, timing, and completion of the BlueFlare Group’s project pipeline, including its pending arrangement with AVAX One Technology and its planned micro-scale distributed data centers; projected industry growth, data-center power capacity, and infrastructure investment; and ROMA’s strategy in the AI/HPC infrastructure sector. Words such as “intends,” “plans,” “expects,” “anticipates,” “believes,” “targets,” “pending,” “will,” and similar expressions identify forward-looking statements.

These statements are based on current expectations and assumptions and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially, including but not limited to: the failure to finalize, perform, or close definitive agreements (including BlueFlare’s pending arrangement with AVAX One Technology and the BlueFlare investment described herein); BlueFlare’s ability to develop, finance, permit, energize, and operate its projects on expected timelines or at all; the accuracy of third-party industry forecasts; ROMA’s ability to fund its investment and execute its strategy; and regulatory, market, and economic conditions, as well as other risks described in ROMA’s filings with and submissions to the U.S. Securities and Exchange Commission. There is no assurance that any project, pipeline, or anticipated benefit described herein will be realized. ROMA undertakes no obligation to update any forward-looking statement except as required by law.

Statements regarding industry size, growth rates, and capacity (including references to approximately 200 gigawatts of data-center power capacity by 2030 and cumulative data-center infrastructure investment exceeding US$3 trillion over the coming decade) are based on third-party sources that ROMA believes to be reliable but has not independently verified.

Investor & Media Contacts

ROMA Green Finance Limited

IR Contact:
HBK Strategy Limited
ir@hbkstrategy.com 
+852 2156 0223

BlueFlare Group Holdings Inc. Landon Ruszkowski, CEO landon@goblueflare.com

Source: ROMA Green Finance Limited. The material terms of this transaction are expected to be furnished to the U.S. Securities and Exchange Commission under cover of Form 6-K.

FAQ

What did ROMA (NASDAQ: ROMA) announce about its US$15 million investment in BlueFlare on June 15, 2026?

ROMA announced a non-binding letter of intent to invest US$15 million for a 5% equity stake in BlueFlare Group. According to ROMA, the capital would support BlueFlare’s behind-the-meter AI and high-performance computing infrastructure buildout, pending due diligence and definitive agreements.

Is ROMA’s planned 5% equity stake in BlueFlare Group a binding agreement?

No, ROMA’s proposed 5% equity investment in BlueFlare Group is currently non-binding. According to ROMA, completion depends on satisfactory due diligence and the negotiation and execution of definitive agreements, so there is no assurance the transaction will close on the described terms, or at all.

How does the BlueFlare investment fit into ROMA’s new AI/HPC infrastructure strategy (ROMA)?

The proposed BlueFlare investment is ROMA’s first deal under its AI/HPC infrastructure vertical. According to ROMA, the transaction would provide direct exposure to powered land, behind-the-meter generation, and high-density compute assets serving accelerating AI and high-performance computing demand.

What AI and data-center projects will BlueFlare pursue with ROMA’s proposed US$15 million funding?

ROMA’s capital is intended to support BlueFlare’s 10 MW AVAX One HPC site and micro data centers. According to ROMA, BlueFlare plans sub-10 MW, behind-the-meter facilities near stranded or underutilized natural gas resources across Western Canada, subject to final agreements.

What market opportunity is ROMA targeting with BlueFlare’s sub-10 MW AI/HPC data centers?

ROMA is targeting the underserved sub-10 megawatt AI/HPC data-center segment via BlueFlare’s behind-the-meter model. According to ROMA, independent forecasts see global data-center infrastructure investment potentially exceeding US$3 trillion this decade, with power availability and time-to-energization as key constraints.

Who is BlueFlare Group, the company ROMA plans to invest in (symbol ROMA)?

BlueFlare Group is an Alberta-based developer of behind-the-meter power and distributed compute infrastructure. According to ROMA, BlueFlare designs, builds, and manages on-site natural gas generation with high-density computing, serving AI and HPC workloads through subsidiaries BFE Solutions, BFE Resources, and BFE Equipment.