BluSky AI Inc. Announces Non-Binding Letter of Intent to Lease Strategic Site in Wells, Nevada.

Core Insights - BluSky AI Inc. has executed a non-binding Letter of Intent (LOI) to lease approximately two acres of land at the White Cloud facility in Wells, Nevada, to support its expansion of modular data service units across the Western U.S. [1][3] - The LOI aims to facilitate the drafting of a formal lease agreement, with final terms subject to negotiation [3][7] - The company focuses on providing GPU-as-a-Service through its next-generation SkyMod data centers, which are designed for energy efficiency and community integration [1][4] Key Terms of the LOI - The Lessor retains rights to lease the existing building and remaining acreage, provided BluSky AI is granted adequate rights-of-way and access for construction and operations [3] - The site will have access to no less than 2,700 KVA of existing electrical transformer capacity, with potential for additional capacity [7] - The initial lease term is set for 10 years, commencing upon full operation of the first unit, with two optional 5-year extensions [7] Company Overview - BluSky AI Inc. is headquartered in Salt Lake City, Utah, and is purpose-built for artificial intelligence through rapidly deployable SkyMod data centers [1][4] - The company aims to democratize access to AI compute and supports various partners, including small, mid-sized, enterprise, and academic entities [3][4]