Business
Arsenal Digital Holdings, Inc. (ADHI) Secures Agreement to Acquire Large Datacenter Campus in Texas
Arsenal Digital Holdings, Inc. (ADHI) Secures Agreement to Acquire Large Datacenter Campus in Texas.
About this update from Arsenal Digital Holdings Inc.
[{"type":"text","content":"\n HOUSTON, TX, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Arsenal Digital Holdings, Inc. (OTC: ADHI) (the “Company”) announced that it secured an agreement through its investment affiliate to acquire one of the most secure and expansive datacenter campuses in the United States. The Company partnered with the founders of Last Mile Energy, a leading energy investment manager, to form and capitalize, Convergence Infrastructure Partners, a digital infrastructure focused investment platform concentrated on both acquiring and developing assets with specific attributes relative to expansive power capacity and carrier connectivity.  The 50-acre operational datacenter campus is comprised of a four-story office building, a two-story subterranean datacenter as well as an additional 100,000 square feet of datacenter facility immediately ready to receive approximately 15 Megawatts of power capacity. Future phases will include the development of incremental power on 30 contiguous acres of included land utilizing clean energy technologies available to the site.   Ryan Messer, CEO of Arsenal, said “Datacenters are among the most highly coveted assets in the digital infrastructure space, and we are proud to make this acquisition a foundational asset for the Company as it will be a true flagship location.  This property would be difficult to replicate and has significant upside potential.  Additionally, we have the team and foundational plan to execute the development plan to create significant value for shareholders.” This asset acquisition underpins the Company’s strategy to remain focused on developing hybrid power solutions to expand existing datacenter facilities to support the continued growth in the digital infrastructure sector. The Company is focused on repositioning assets which support clean energy initiatives and grid stabilization while expanding with the evolving datacenter footprint.  Upon the closing of the acquisition, subject to finalizing the capital structure of the private debt and equity raise, Arsenal will participate in the success of the development of the project.   In June of this year, the Company received FINRA approval for several key items related to corporate action.  The Company, in alignment with its renewed vision, has completed its name and sym...