EdgeMode Executes Definitive Agreement with Blackberry AIF to Develop 1.5GW+ Tier 3 AI Data Center Portfolio in Spain

Core Insights - EdgeMode has entered into a definitive agreement with Blackberry AIF to acquire and develop five large-scale data center sites in Spain, marking a significant expansion in AI-focused infrastructure development in Europe [1][2]. Company Overview - EdgeMode is a global company specializing in energy and AI data center infrastructure, focusing on scalable AI-ready data center campuses and integrated energy solutions [5]. - Blackberry AIF (BAIF) is an energy and infrastructure development group based in Spain, with expertise in renewables and large-scale project execution across Europe and Latin America [6]. Strategic Agreement Details - The agreement involves the creation of a special purpose vehicle (SPV) where EdgeMode will hold 75% ownership and BAIF will hold 25% [2]. - EdgeMode will finance and advance the data center sites to Ready-to-Build (RTB) status, which is expected to yield valuations of approximately $1 million per MW based on current demand [2][3]. Market Positioning - The portfolio represents over 1.5GW of planned Tier 3 data center capacity, positioning EdgeMode as a major player in AI infrastructure development in Europe [2]. - The agreement is expected to create a repeatable RTB monetization model across multiple campuses exceeding 300MW, aligning with institutional demand for scalable, power-secure AI compute sites [8]. Future Plans - The first RTB sites are targeted for 2027, with staged commercialization continuing through 2028 [8]. - The strategic partnership aims to leverage local development capabilities and international capital markets to enhance long-term value [4][8].