Core Insights - Blockfusion USA, Inc. and Blue Acquisition Corp. have entered into a definitive business combination agreement, which will result in Blockfusion operating as Blockfusion Data Centers, Inc. upon closing [2][7] - The transaction values Blockfusion at an implied pre-money enterprise value of $480 million, with an expected delivery of newly issued securities worth $450 million to former security holders at closing [3][4] Company Overview - Blockfusion, founded in 2019, operates a data center facility in Niagara Falls, NY, and is transitioning to a next-generation HPC/AI data center [3][4] - The company currently operates with 46 MWs of power and plans to expand to over 100 MWs to support high-density AI workloads [4][5] Market Demand and Strategy - There is a surge in demand for HPC and AI compute, driving the need for data center capacity, which Blockfusion is addressing by upgrading its facilities [4][6] - The Niagara Facility is strategically located for low-latency data transport and is surrounded by major tech companies, enhancing its appeal for HPC/AI deployments [4][6] Financial Projections - Post-transition, Blockfusion estimates potential gross revenues of $128 million and EBITDA of $75 million by 2028, increasing to $209 million in gross revenues and $132 million EBITDA by 2030 [4][24] - The company aims to provide Tier 3 power to colocation customers within 18-20 months from the start of funded building activities [5][24] Leadership and Governance - Blockfusion's management team has over 100 years of combined experience in data center infrastructure, with notable industry figures expected to join the board post-closing [4][6] - Blue Acquisition's leadership includes experienced professionals from investment banking and capital markets, enhancing the strategic direction of the combined entity [6][7]