NU E Power Corp. Acquires 500 MW of Power Assets from ACT Mid Market Ltd to Accelerate AI and BTC Infrastructure Expansion

Core Insights - NU E Power Corp. has entered into an asset purchase agreement to acquire certain assets from ACT Mid Market Ltd., enhancing its position in renewable energy, data infrastructure, AI, and Bitcoin mining [1][2][3] Company Overview - NU E Power Corp. is focused on building and operating next-generation power sites to meet the demands of AI, Bitcoin, and digital economies through a hybrid approach that combines renewable, grid, and behind-the-meter generation [12] - ACT Mid Market Ltd. specializes in developing mid-market power sites optimized for AI, Bitcoin mining, and hybrid energy applications [13] Acquisition Details - The acquisition includes 500 MW of energy projects utilizing solar, natural gas, and electrical grid, which will support various Bitcoin and AI projects across multiple regions including Canada, Asia, South America, and Africa [3][4] - Following the acquisition, NU E's total targeted energy asset size will exceed 1 GW, marking significant progress towards its 2 GW target [2] Strategic Importance - The acquisition aligns with the increasing global demand for data centers driven by AI and cloud computing, projected to reach 78 GW by 2035 [2] - NU E's strategy includes generating cash flow through Bitcoin mining and securing long-term off-takes for clean energy and data center infrastructure [4] Project Highlights - The assets being acquired include: 1. 100 MW Mongolia Hybrid Power & Data Infrastructure Project, integrating grid, solar, and natural gas generation [5] 2. 200 MW Grid & Gas Hybrid Power Project in Saskatchewan, Canada, designed to support a self-sustaining smart community [8] 3. 100 MW Solar & Graphene Battery Program with the International Islamic University of Malaysia [8] 4. 100 MW Hybrid Solar, Gas & Grid Power and Data Centre Project in Lagos, Nigeria [8] 5. 100 MW Solar Development Program in Brazil [8] Management Changes - Following the acquisition, Broderick Gunning will be appointed as President and CEO of NU E, and Frederick Stearman will become Chief Technology Officer [7][10][11]