Business
Blockfusion, Owner-Operator of a Strategically Located Clean Energy-Powered Data Center, to Go Public via Business Combination with Blue Acquisition Corp.
Blockfusion USA, Inc. ("Blockfusion" or the "Company"), a data center infrastructure company, and Blue Acquisition Corp. (Nasdaq: BACC) ("Blue Acquisition"), a publicly traded special purpose acquisition company, today announced that the companies have entered into a definitive business combination agreement (the "Business Combination Agreement"), dated as of November 19, 2025. Upon consummation, if any, of the transaction (the "Closing"), Blockfusion's business will be operated by the surviving
About this update from Micron Technology, Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"The surge in demand for HPC and AI compute is driving demand for data center capacity across the industry. Blockfusion's Niagara Facility has become a sought-after location for customers pursuing high-density HPC/AI deployments. Blockfusion is responding to this demand by upgrading and expanding an already powered and operational facility into a next-generation data center built for GPU-driven workloads.","length":416,"tagName":"p"}]},{"val":[{"type":"text","content":"Blockfusion's owned and operated Niagara Facility, sitting in NYISO Zone-A, is a clean energy-powered data center that can transport data within approximately 1 millisecond to Toronto, and 3.75 milliseconds to both New York City and Boston. The campus straddles a strategic cross-border power and fiber corridor, surrounded by major HPC and semiconductor companies including Tesla, Yahoo!, and Micron Technology, all concentrated in New York's SMART I-Corridor innovation hub.","length":489,"tagName":"p"}]},{"val":[{"type":"text","content":"Blockfusion currently deploys approximately 46 Tier 1 MWs, with plans to transition to over 100 MWs of Tier 3 capacity on its campus to support next-generation AI workloads. Following expansion guided by leading data center architectural and engineering partners Gensler, JB&B and Thornton Tomasetti, Blockfusion's already zoned and designed expansion will support power density of 200KW per rack.","length":405,"tagName":"p"}]},{"val":[{"type":"text","content":"Blockfusion's management team brings more than 100 years of combined experience in data center infrastructure. In addition, director nominee Aber Whitcomb (CEO of Salt AI, and co-founder and director of Core Scientific (Nasdaq: CORZ)) is expected to join the post-closing public company board.","length":297,"tagName":"p"}]},{"val":[{"type":"text","content":"Blockfusion intends to implement its high-performance (HPC)/AI upgrade plans on an accelerated basis relative to greenfield sites and certain non-powered competitors, leveraging existing power access, diligenced expansion opportunities and disciplined execution strategies to meet increasing GPU demands.","length":304,"tagName":"p"}]},{"val":[{"type":"text","content":"The proposed Business Combination with Blue Acquisition attributes a $450 million pre-money equit...