Blockfusion is attracting investors with its HPC/AI Data Center.

Blockfusion Responds to HPC and AI Needs

The increasing demand in High-Performance Computing (HPC) and Artificial Intelligence (AI) is driving the need for data center capacity. Blockfusion's Niagara Facility has become an important location for customers seeking high-density HPC/AI applications. The company aims to create a next-generation data center built for GPU-supported workloads by upgrading and expanding its existing facility.

Niagara Facility is a data center located in NYISO Zone A, powered by clean energy; it has the capacity to deliver data to Toronto in approximately 1 millisecond and to New York City and Boston in 3.75 milliseconds. The campus is strategically positioned on an energy and fiber corridor surrounded by major HPC and semiconductor companies such as Tesla, Yahoo!, and Micron Technology.

Blockfusion currently operates with approximately 46 MW of Tier 1 capacity and plans to transition to more than 100 MW of Tier 3 capacity in its facilities. The expansion, guided by leading data center architecture and engineering partners such as Gensler, JB&B, and Thornton Tomasetti, is now designed to support power densities of up to 200KW.

The company's management team has over 100 years of experience in data center infrastructure. Additionally, Aber Whitcomb (CEO of Salt AI and co-founder of Core Scientific (Nasdaq: CORZ)) is expected to join the board of directors.

Blockfusion aims to meet the increasing GPU demands by accelerating its HPC/AI upgrade plans, leveraging current power access, expansion opportunities, and disciplined implementation strategies.

In the business combination with Blue Acquisition, Blockfusion has been valued at $450 million pre-money. Following the transaction, the public entity is expected to operate as Blockfusion Data Centers, Inc. and trade on the Nasdaq stock exchange.

Blue Acquisition holds approximately $204 million in cash in the trust account created during the IPO. With the preservation of the trust account and revenue from potential financing transactions, it aims to provide $200 million toward the transaction.

Blockfusion's management anticipates that, if the HPC/AI transformation process is successfully executed, it could generate gross revenues of up to $128 million and $75 million in EBITDA by 2028. Projections indicate that by 2030, gross revenues could rise to $209 million, with EBITDA reaching $132 million.

The company’s CEO, Alex Martini-Lo Manto, stated, "Blockfusion was founded to provide reliable and cost-efficient computing services. We transformed a decommissioned coal plant into a data center powered by clean energy, and we have proven our ability to execute complex infrastructure projects."

Blue Acquisition's CEO, Ketan Seth, remarked, "Blockfusion stands out as a strategic platform evolving into a high-performance, next-generation AI data center." The business combination is expected to be completed in the first half of 2026.