1606 Corp. Receives up to $6 Million Investment Commitment to Acquire Power Assets and Advance AI and Data Center

Core Viewpoint - 1606 Corp. has secured a $6 million investment commitment to enhance its acquisition of power assets and expand its AI and data center infrastructure, coinciding with a strategic merger with Sim Agro Inc. [5][9] Investment Commitment - The investment commitment of $6 million from ENMAS EPC Power Projects Limited is aimed at supporting the company's growth initiatives, including the acquisition of a power plant and the development of AI and data center infrastructure [5][6] - The funding is contingent upon the execution of definitive agreements, due diligence, and customary closing conditions [6] Strategic Growth and Merger - The investment reflects confidence in the company's strategy and its potential merger with Sim Agro Inc., which is expected to enhance its global presence in energy and data center development [7][9] - The merger with Sim Agro Inc. involves acquiring a controlling interest in 1606 Corp. and includes a first right of refusal for a data center-capable warehouse and power plant [11] Market Context - The global captive power generation market is projected to grow from approximately $227.9 billion in 2025 to $310.9 billion by 2030, with a CAGR of 6.4% [15] - The data center power infrastructure market is expected to expand from $20.2 billion in 2024 to $42.4 billion by 2030, growing at a CAGR of 13.2% [15] - The demand for electricity in global data centers is forecasted to more than double from 61.8 GW in 2025 to 134.4 GW by 2030, driven by the rise in AI workloads and high-density computing [15] Company Overview - 1606 Corp. focuses on AI and next-generation power infrastructure, with a team that includes industry experts with over 50 years of experience [13] - The company has successfully launched AI chatbot programs and has maintained compliance and timely disclosures under its CEO's leadership [13]