EdgeMode Secures Merger with BlackBerry AIF to Propel High-Performance Computing Expansion and Scales AI Data Center Infrastructure

Core Viewpoint - EdgeMode Inc. is merging with BlackBerry AIF to acquire its assets, aiming to create a platform for expansion in the High-Performance Computing (HPC) data center sector across Europe, with a target valuation exceeding $1 billion [1][2][6] Company Overview - EdgeMode Inc. specializes in AI data infrastructure and high-performance computing data centers, focusing on energy-efficient colocation facilities [7] - BlackBerry AIF is a Spanish firm that designs and operates high-performance green data centers for AI and supercomputing workloads, founded in 2024 [9] Merger Details - Under the MOU, EdgeMode will acquire 100% of BAIF's issued share capital, resulting in BAIF stakeholders holding 50% of EdgeMode's equity [2] - The merger is expected to increase the combined assets by over $140 million, controlling a 4.4 GW pipeline of hyperscale-ready sites across Spain and Europe [2][4] - Initial 1 GW is ready to build (RTB) by Q4 2025, with an additional 1.2 MW targeted for RTB by Q4 2027 [2] Market Context - The global HPC market is projected to grow from approximately $54 billion in 2024 to $110 billion by 2032, reflecting a compound annual growth rate (CAGR) of 9.2% [5] - The growth in the HPC and data center markets is largely driven by the surge in AI adoption [5] Strategic Positioning - EdgeMode aims to leverage existing relationships with investment banks to attract substantial investor interest and enhance shareholder value [3] - The merger is expected to fast-track site development, attract hyperscale customers, and drive long-term value creation [6]