Valor Energy (VAI) agreed to acquire the entity holding an operational Youngstown, Ohio, computing center for USD 3,600,000, subject to adjustment.
The transaction covers 100% of the entity’s equity. The site has approximately 18 MVA of apparent power capacity under an existing Ohio Edison interconnection, which the company believes is approved and energized; this does not necessarily equal usable computing load. Valor plans to convert the completed facility into an AI data center, requiring additional design, construction, equipment and permitting. Deployment also depends on financing availability.
Closing is subject to 30 business days of due diligence from the agreement’s effective date and third-party and regulatory consents. It is expected no later than the 90th business day after that effective date, if at all. Existing site arrangements and related contracts are expected to remain with the target entity.