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BluSky AI Inc. Signs Letter of Intent to Lease Strategic Site in Nephi, Utah for Modular AI Infrastructure Expansion
BluSky AI Inc. Signs Letter of Intent to Lease Strategic Site in Nephi, Utah for Modular AI Infrastructure Expansion.
About this update from Blusky Ai, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n BluSky AI Inc. Signs Letter of Intent to Lease Strategic Site in Nephi, Utah for Modular AI Infrastructure Expansion\r\n \r\n \r\n\r\n\r\nBluSky AI Inc. Signs Letter of Intent to Lease Strategic Site in Nephi, Utah for Modular AI Infrastructure Expansion\r\nBluSky AI Extends its Neocloud with its next strategic location to empower AI Innovators with energy-efficient, scalable solutions.\r\n\r\n\r\n\r\n\r\n\r\nSalt Lake City, Sept. 23, 2025 (GLOBE NEWSWIRE) -- BluSky AI Inc., (OTCID: BSAI) (“BluSky AI” or the “Company”), Headquartered in Salt Lake City, Utah, is a Neocloud purpose-built for artificial intelligence through rapidly deployable SkyMod data centers. SkyMods are next-generation, scalable AI Factories providing a seamless GPU-as-a-Service to power AI workloads. BluSky AI announced today the execution of a non-binding Letter of Intent (LOI) to lease approximately 16,000 square feet at 1358 N 200 W, Nephi, Utah, located on Juab County parcels XA3A-0030-4 and XA3A-0040-2. The LOI outlines BluSky AI’s intent to lease a designated pad of approximately 100 x 150 feet on the northwest corner of the parcel, with additional acreage available to accommodate expanded wattage capacity as needed. The site, totaling approximately 0.375 acres, is positioned to support BluSky’s next phase of modular data center deployment in Utah’s energy-rich corridor. “This location represents a strategic milestone in our multi-state infrastructure roadmap,” said Trent D’Ambrosio, CEO of BluSky AI Inc. “Nephi offers the right mix of scalable power, geographic resilience, and community alignment to support our mission of democratizing access to high-performance AI compute.” Under the proposed lease terms with TNT Land and Holdings LLC, BluSky AI will pay a base lease rate of $4,000/month, escalating to $28,000/month upon full activation of 4 MW of capacity. The lease structure includes a 2% annual escalation, is NNN, and spans a 10-year term with two optional 5-year extensions. The agreement also provides a 120-day inspection period for BluSky AI to evaluate site conditions and utility readiness. All site modifications, power upgrades, and module activation costs including engineering, permitting, and construction—will be undertaken by BluSky ...