Signing Day Sports Progresses Transaction and Executes Definitive Agreement with BlockchAIn Digital Infrastructure, a Profitable Data Hosting Company
Signing Day Sports (NYSE: SGN) has signed a definitive agreement to acquire One Blockchain LLC, operating as BlockchAIn Digital Infrastructure (blockchAIn DI), in a business combination valued at approximately $215 million. BlockchAIn DI, a profitable data hosting company, generated $26.8 million in revenue and $5.7 million in net income in 2024.
The combined company will focus on crypto mining, AI, and high-performance computing data hosting markets. BlockchAIn DI currently operates a 40MW facility in South Carolina with 10MW expansion potential and plans to commission a new 150MW facility in Texas by late 2026. Post-merger, BlockchAIn DI shareholders will own approximately 91.5% of the combined company, while SGN shareholders will retain 8.5%.
The deal includes an earnout provision of additional shares if the company achieves EBITDA of $25 million in 2026. The transaction is expected to close in late 2025, subject to shareholder approval and NYSE American listing requirements.
Signing Day Sports (NYSE: SGN) ha firmato un accordo definitivo per acquisire One Blockchain LLC, operante come BlockchAIn Digital Infrastructure (blockchAIn DI), in un'operazione valutata circa 215 milioni di dollari. BlockchAIn DI, un'azienda redditizia nel settore dell'hosting di dati, ha generato 26,8 milioni di dollari di ricavi e 5,7 milioni di dollari di utile netto nel 2024.
La società combinata si concentrerà sui mercati del mining di criptovalute, dell'intelligenza artificiale e dell'hosting di dati per il calcolo ad alte prestazioni. BlockchAIn DI gestisce attualmente una struttura da 40MW in South Carolina con un potenziale di espansione di 10MW e prevede di mettere in funzione una nuova struttura da 150MW in Texas entro la fine del 2026. Dopo la fusione, gli azionisti di BlockchAIn DI deterranno circa il 91,5% della società combinata, mentre quelli di SGN manterranno l'8,5%.
L'accordo prevede una clausola di earnout con ulteriori azioni se la società raggiungerà un EBITDA di 25 milioni di dollari nel 2026. La transazione dovrebbe concludersi entro la fine del 2025, soggetta all'approvazione degli azionisti e ai requisiti di quotazione della NYSE American.
Signing Day Sports (NYSE: SGN) ha firmado un acuerdo definitivo para adquirir One Blockchain LLC, que opera como BlockchAIn Digital Infrastructure (blockchAIn DI), en una combinación empresarial valorada en aproximadamente 215 millones de dólares. BlockchAIn DI, una empresa rentable de alojamiento de datos, generó 26,8 millones de dólares en ingresos y 5,7 millones de dólares en ingresos netos en 2024.
La compañía combinada se enfocará en los mercados de minería de criptomonedas, inteligencia artificial y alojamiento de datos de computación de alto rendimiento. BlockchAIn DI actualmente opera una instalación de 40MW en Carolina del Sur con potencial de expansión de 10MW y planea poner en marcha una nueva instalación de 150MW en Texas para finales de 2026. Tras la fusión, los accionistas de BlockchAIn DI poseerán aproximadamente el 91,5% de la empresa combinada, mientras que los accionistas de SGN conservarán el 8,5%.
El acuerdo incluye una cláusula de earnout con acciones adicionales si la empresa alcanza un EBITDA de 25 millones de dólares en 2026. Se espera que la transacción se cierre a finales de 2025, sujeta a la aprobación de los accionistas y a los requisitos de cotización de NYSE American.
Signing Day Sports (NYSE: SGN)는 One Blockchain LLC를 인수하기 위한 최종 계약을 체결했으며, 이 회사는 BlockchAIn Digital Infrastructure(blockchAIn DI)로 운영되며 약 2억 1,500만 달러의 가치가 평가된 기업 결합입니다. 수익성이 있는 데이터 호스팅 회사인 BlockchAIn DI는 2024년에 2,680만 달러의 매출과 570만 달러의 순이익을 기록했습니다.
합병된 회사는 암호화폐 채굴, 인공지능, 고성능 컴퓨팅 데이터 호스팅 시장에 집중할 예정입니다. BlockchAIn DI는 현재 사우스캐롤라이나에 40MW 시설을 운영 중이며 10MW 확장 가능성이 있으며, 2026년 말까지 텍사스에 150MW 신규 시설을 가동할 계획입니다. 합병 후 BlockchAIn DI 주주는 합병 회사의 약 91.5%를 소유하고 SGN 주주는 8.5%를 보유하게 됩니다.
이 거래에는 회사가 2026년에 2,500만 달러의 EBITDA를 달성할 경우 추가 주식을 지급하는 어니언트 조항이 포함되어 있습니다. 이 거래는 주주 승인과 NYSE American 상장 요건을 조건으로 2025년 말에 완료될 예정입니다.
Signing Day Sports (NYSE : SGN) a signé un accord définitif pour acquérir One Blockchain LLC, opérant sous le nom de BlockchAIn Digital Infrastructure (blockchAIn DI), dans le cadre d'une fusion valorisée à environ 215 millions de dollars. BlockchAIn DI, une entreprise rentable d'hébergement de données, a généré 26,8 millions de dollars de revenus et 5,7 millions de dollars de bénéfice net en 2024.
La société combinée se concentrera sur les marchés de l'extraction de cryptomonnaies, de l'intelligence artificielle et de l'hébergement de données pour le calcul haute performance. BlockchAIn DI exploite actuellement une installation de 40 MW en Caroline du Sud avec un potentiel d'expansion de 10 MW et prévoit de mettre en service une nouvelle installation de 150 MW au Texas d'ici fin 2026. Après la fusion, les actionnaires de BlockchAIn DI détiendront environ 91,5 % de la société combinée, tandis que les actionnaires de SGN conserveront 8,5 %.
L'accord inclut une clause d'earnout prévoyant des actions supplémentaires si la société atteint un EBITDA de 25 millions de dollars en 2026. La transaction devrait être finalisée fin 2025, sous réserve de l'approbation des actionnaires et des exigences de cotation de la NYSE American.
Signing Day Sports (NYSE: SGN) hat eine endgültige Vereinbarung zur Übernahme von One Blockchain LLC unterzeichnet, das als BlockchAIn Digital Infrastructure (blockchAIn DI) tätig ist, in einer Unternehmenszusammenführung mit einem Wert von etwa 215 Millionen US-Dollar. BlockchAIn DI, ein profitables Datenhosting-Unternehmen, erzielte im Jahr 2024 einen Umsatz von 26,8 Millionen US-Dollar und einen Nettogewinn von 5,7 Millionen US-Dollar.
Das kombinierte Unternehmen wird sich auf die Märkte für Krypto-Mining, KI und Hochleistungsrechner-Datenhosting konzentrieren. BlockchAIn DI betreibt derzeit eine 40MW-Anlage in South Carolina mit einer Erweiterungsmöglichkeit von 10MW und plant, bis Ende 2026 eine neue 150MW-Anlage in Texas in Betrieb zu nehmen. Nach der Fusion werden die Aktionäre von BlockchAIn DI etwa 91,5 % des kombinierten Unternehmens besitzen, während die Aktionäre von SGN 8,5 % behalten.
Der Deal beinhaltet eine Earnout-Klausel mit zusätzlichen Aktien, falls das Unternehmen 2026 ein EBITDA von 25 Millionen US-Dollar erreicht. Die Transaktion soll Ende 2025 abgeschlossen werden, vorbehaltlich der Zustimmung der Aktionäre und der Anforderungen der NYSE American.
- BlockchAIn DI is already profitable with $26.8M revenue and $5.7M net income in 2024
- Significant infrastructure assets with 40MW facility in South Carolina and planned 150MW facility in Texas
- Transaction valued at $215M represents a premium to SGN's current stock price
- Flexible business model allowing adaptation between crypto mining and AI/HPC hosting
- No cash payment required from SGN for the acquisition
- Significant dilution for current SGN shareholders, who will retain only 8.5% ownership
- Substantial business model shift from sports recruitment to crypto/AI infrastructure
- Execution risk in completing the 150MW Texas facility by late 2026
- Regulatory risks associated with cryptocurrency operations
Insights
SGN's acquisition of BlockchAIn DI at $215M transforms it into a profitable crypto/AI infrastructure company with substantial revenue and earnings.
This definitive agreement represents a transformative acquisition for Signing Day Sports (SGN), pivoting from its current business in sports recruitment to the high-growth crypto mining and AI infrastructure sectors. The deal structure is particularly noteworthy - SGN will acquire BlockchAIn Digital Infrastructure at a valuation of approximately
BlockchAIn DI brings impressive financial performance to the table with
The combined company's growth strategy centers on their existing 40MW South Carolina facility with 10MW expansion capacity and an ambitious new 150MW Texas facility under development. This positions them across multiple high-demand computing markets: cryptocurrency mining (initially hosting third-party miners before transitioning to self-mining), AI computing, and high-performance computing data hosting.
What makes this deal particularly significant is that SGN is essentially being acquired by BlockchAIn (despite the reverse structure), as evidenced by BlockchAIn shareholders gaining control of
Proposed business combination will create a public company engaged in Crypto Mining, Artificial Intelligence (“AI”), and High-Performance Computing (“HPC”) Data Hosting Markets
BlockchAIn Digital Infrastructure Generated Audited Revenue of
Includes an Earnout if BlockchAIn Digital Infrastructure achieves or exceeds EBITDA of
Transaction to be completed at a significant premium to SGN’s current stock price
SCOTTSDALE, AZ, May 28, 2025 (GLOBE NEWSWIRE) -- Signing Day Sports, Inc. (“Signing Day Sports” or the “Company”) (NYSE American: SGN), the developer of the Signing Day Sports app and platform to aid high school athletes in the recruitment process, today announced the signing of a definitive business combination agreement (“Business Combination Agreement” or “BCA”) to acquire
The transaction will be effected through a holding company structure, whereby Signing Day Sports and One Blockchain will become subsidiaries of BlockchAIn Digital Infrastructure, Inc. (“PubCo”). The transaction between One Blockchain and Signing Day Sports is expected to result in the combined company being traded on the NYSE American. Signing Day Sports will not be required to make any cash payment to One Blockchain or its securityholders in connection with the transaction. One Blockchain will continue to operate under blockchAIn DI’s management team led by Chairman and CEO Jerry Tang.
In 2024, blockchAIn Digital Infrastructure generated audited revenue of approximately
The market for digital infrastructure—including crypto mining, HPC, and AI-related computing—is evolving rapidly as demand for energy-efficient processing power continues to grow. Amid increasing sustainability standards and renewed emphasis on domestic infrastructure, blockchAIn Digital Infrastructure is positioned to pursue opportunities across a wide range of compute-intensive applications.
blockchAIn Digital Infrastructure’s current operations include a 40 MW crypto mining hosting facility in South Carolina with expansion capability to 50 MW for third-party crypto miners in South Carolina, subject to utility approval. blockchAIn Digital Infrastructure anticipates transitioning to internally owning and mining crypto currency at their South Carolina facility in late 2025 or early 2026, to facilitate revenue and earnings growth. blockchAIn Digital Infrastructure is also in the process of commissioning a new 150MW crypto mining, AI and HPC data hosting facility in Texas with favorable economics with 34.5kV of interconnectivity to the grid for activation in late 2026. The Texas facility can be modularly built providing flexibility for crypto mining and/or AI and HPC data hosting activities. It is currently anticipated that the first 100MW will be initially focused on internally owned crypto mining operations and the remaining 50MW of capacity used for AI and HPC data hosting. This capital efficient and flexible modular business model will provide blockchAIn DI with optionality to pursue different revenue mixes as the crypto mining, AI and HPC markets continue to develop.
Signing Day Sports views the proposed transaction as a compelling opportunity to enhance its platform by combining with a technology-driven business with strong fundamentals and scalable infrastructure.
Danny Nelson, Chief Executive Officer of Signing Day Sports, stated, “This transaction marks an exciting new chapter for Signing Day Sports, which we are confident has potential to bring substantial value to the stakeholders of both parties. blockchAIn DI’s scalable, cash-flowing bitcoin mining and AI data center platform positions the combined company to capitalize on the fast-growing HPC hosting market. With a 40 MW mining site in South Carolina with 10 MW expansion capacity and the significant upside potential resulting from the planned commissioning of a new facility in Texas, blockchAIn Digital Infrastructure is strategically positioned to meet the growing HPC workload demands, and we could not be more thrilled to deliver this unique growth opportunity to our shareholders.”
Jerry Tang, Chief Executive Officer of One Blockchain, added, “We are excited about the proposed transaction between blockchAIn Digital Infrastructure and Signing Day Sports, and the significant potential for value creation for both parties. In only a few short years since our inception, blockchAIn Digital Infrastructure has experienced rapid growth scaling to approximately
Terms of the Transaction
The business combination will be effectuated through a holding company structure, whereby Signing Day Sports and One Blockchain will become subsidiaries of PubCo through merger transactions. Under the BCA, the consideration to be paid at closing to the securityholders of One Blockchain will be comprised of PubCo common shares with a value of approximately
The BCA also includes an earnout, in which additional PubCo shares equaling
The boards of both companies have unanimously approved the signing of the BCA. The proposed transaction is expected to close late in the second half of 2025, subject to satisfying certain customary closing conditions, including the receipt of approvals from Signing Day Sports’ shareholders and the listing of PubCo registered common shares on the NYSE American.
The Business Combination Agreement contains customary representations, warranties and covenants made by Signing Day Sports and One Blockchain, including covenants that both parties use their commercially reasonably efforts to cause the transactions contemplated by the agreement to be completed, regarding obtaining the requisite approval of Signing Day Sports’ shareholders, regarding indemnification of directors and officers, and regarding Signing Day Sports’ and One Blockchain’s conduct of their respective businesses between the date of signing of the BCA and the closing. The BCA also contains certain termination rights for both Signing Day Sports and One Blockchain.
The Signing Day Sports board of directors has recommended to Signing Day Sports shareholders that they vote to approve the BCA and the transaction. Signing Day Sports also received a fairness opinion in connection with the transaction.
A more complete description of the terms of and conditions of the proposed transaction and related matters will be included in a current report on Form 8-K to be filed by Signing Day Sports with the U.S. Securities and Exchange Commission (“SEC”). A copy of the BCA will be attached as an exhibit to Form 8-K. All parties desiring details regarding the terms and conditions of the proposed transaction are urged to review that Form 8-K, and the exhibits attached thereto, which will be available on the SEC’s website found at www.sec.gov.
Advisors
Advisors to the transaction include Maxim Group LLC, which is serving as exclusive financial advisor to blockchAIn Digital Infrastructure. Loeb & Loeb LLP is serving as counsel to blockchAIn Digital Infrastructure. Bevilacqua PLLC is serving as counsel to Signing Day Sports.
Signing Day Sports
Signing Day Sports' mission is to help student-athletes achieve their goal of playing college sports. Signing Day Sports' app allows student-athletes to build their Signing Day Sports' recruitment profile, which includes information college coaches need to evaluate and verify them through video technology. For more information on Signing Day Sports, go to https://bit.ly/SigningDaySports.
Additional Information and Where to Find It
In connection with the proposed business combination, PubCo plans to file or cause to be filed relevant materials with the SEC, including a registration statement on Form S-4 (the “Registration Statement”) that will contain a proxy statement of Signing Day Sports and a prospectus for registration of shares of PubCo. The Registration Statement has not been filed with or declared effective by the SEC. Following and subject to the Registration Statement being declared effective by the SEC, its definitive proxy statement/prospectus would be mailed or otherwise disseminated to Signing Day Sports stockholders. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS OF SIGNING DAY SPORTS ARE URGED TO READ THESE MATERIALS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ONE BLOCKCHAIN, SIGNING DAY SPORTS, THE PROPOSED BUSINESS COMBINATION, AND RELATED MATTERS. The proxy statement/prospectus and other relevant materials (when they become available), and any other documents filed by PubCo and Signing Day Sports with the SEC, may be obtained free of charge at the SEC website at www.sec.gov. In addition, investors and security holders may obtain free copies of the documents filed with the SEC by Signing Day Sports by directing a written request to: Signing Day Sports, Inc., 8355 East Hartford Rd., Suite 100, Scottsdale, AZ 85255. Investors and security holders are urged to read the proxy statement/prospectus and the other relevant materials when they become available before making any voting or investment decision with respect to the proposed business combination.
Participants in the Solicitation
Signing Day Sports, and its directors, executive officers and certain other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from the shareholders of Signing Day Sports with respect to the proposed business combination and related matters. Information about the directors and executive officers of Signing Day Sports, including their ownership of shares of Signing Day Sports common stock, is included in Signing Day Sports’ Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the SEC on April 11, 2025, and Signing Day Sports’ Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, which was filed with the SEC on May 15, 2025. Additional information regarding the persons or entities who may be deemed participants in the solicitation of proxies from Signing Day Sports shareholders, including a description of their interests in the proposed business combination by security holdings or otherwise, will be included in the proxy statement/prospectus and other relevant documents to be filed with the SEC when they become available. The managers and officers of One Blockchain do not currently hold any interests, by security holdings or otherwise, in Signing Day Sports.
No Offer or Solicitation
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction. No offering of securities in connection with the proposed business combination shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Forward-Looking Statements
This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "may," "could," "will," "should," "would," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," "project" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, including without limitation, the parties’ ability to enter into definitive agreements and complete the transaction, the parties’ ability to integrate their respective businesses into a combined publicly listed company post-merger, the ability of the parties to obtain all necessary consents and approvals in connection with the transaction, obtain NYSE American clearance of a listing application in connection with the transaction, the parties’ ability to obtain their respective equity securityholders’ approval, obtain sufficient funding to maintain operations and develop additional services and offerings, market acceptance of the parties’ current products and services and planned offerings, competition from existing or new offerings that may emerge, impacts from strategic changes to the parties’ business on net sales, revenues, income from continuing operations, or other results of operations, the parties’ ability to attract new users and customers, the parties’ ability to retain or obtain intellectual property rights, the parties’ ability to adequately support future growth, the parties’ ability to comply with user data privacy laws and other current or anticipated legal requirements, and the parties’ ability to attract and retain key personnel to manage their business effectively. These risks, uncertainties and other factors are expected to be further described in a proxy statement/prospectus to be filed with the Securities and Exchange Commission relating to this transaction. See also the section titled “Risk Factors” in the Company’s periodic reports which are filed with the Securities and Exchange Commission. These risks, uncertainties and other factors are, in some cases, beyond the parties’ control and could materially affect results. If one or more of these risks, uncertainties or other factors become applicable, or if these underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. All subsequent written and oral forward-looking statements concerning Signing Day Sports, One Blockchain, or any of their affiliates, or other matters and attributable to Signing Day Sports, One Blockchain, any of their affiliates, or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
Investor Contacts:
Crescendo Communications, LLC
212-671-1020
SGN@crescendo-ir.com
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