BluSky AI Inc. Signs Letter of Intent to Lease Strategic Site in Nephi, Utah for Modular AI Infrastructure Expansion

Core Insights - BluSky AI Inc. is focused on building modular, scalable AI data centers known as SkyMods, which provide GPU-as-a-Service for AI workloads [1][7] - The company has executed a non-binding Letter of Intent (LOI) to lease approximately 16,000 square feet in Nephi, Utah, to support its next phase of modular data center deployment [2][3] Lease Agreement Details - The LOI specifies a designated pad of approximately 100 x 150 feet on the northwest corner of the parcel, with additional acreage available for expanded wattage capacity [3] - The lease terms include a base rate of $4,000 per month, escalating to $28,000 per month upon full activation of 4 MW of capacity, with a 2% annual escalation and a 10-year term [4] - The agreement allows for a 120-day inspection period for BluSky AI to assess site conditions and utility readiness [4] Infrastructure and Operational Readiness - All costs related to site modifications, power upgrades, and module activation will be borne by BluSky AI to ensure operational readiness [5] - The lease can be terminated by either party if module installation does not commence within 12 months of execution [5] Strategic Vision - The new location is seen as a strategic milestone in BluSky AI's infrastructure roadmap, emphasizing scalable power and community alignment [4][6] - The company aims to build ESG-aligned infrastructure across the Western U.S., focusing on transparency and long-term growth [6]