BluSky AI Inc. (OTCID: BSAI) Signs Letter of Intent to Lease Strategic Site in Mulhall, Oklahoma for Modular AI Infrastructure Expansion

Core Insights - BluSky AI Inc. has executed a non-binding Letter of Intent (LOI) for leasing approximately five acres of land in Mulhall, Oklahoma, to support its modular data center deployment [1][2] - The site is strategically located in an energy-rich region, aligning with the company's goal to expand its modular infrastructure and democratize access to AI compute [2][3] Lease Agreement Details - The LOI outlines a long-term lease structure with an initial base rent of $4,000 per month, which will escalate based on installed power capacity [5] - Upon activation of the modules, BluSky AI will pay $2,500 per MW per month for up to 16.3 MW, and $1,000 per MW per month for any additional capacity [5] - An example scenario indicates that for 11 MW installed and used, the total monthly rent would amount to $30,000, inclusive of base and power-linked rent [5] Lease Terms and Conditions - The lease is set for a term of 10 years with two optional 5-year extensions, and includes a 150-day inspection period for due diligence [5] - If module installation does not commence within 15 months of lease execution, either party may cancel the agreement without further obligation [5] Company Overview - BluSky AI Inc. is headquartered in Salt Lake City, Utah, and focuses on developing rapidly deployable SkyMod data centers, which are designed for high-performance AI workloads [3] - The company aims to empower various partners, including small, mid-sized, enterprise, and academic entities, to drive innovation without compromise [3]