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 enhancing and expanding its existing facility.

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

Blockfusion currently operates with an approximate capacity of 46 MW Tier 1 and plans to transition to more than 100 MW 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 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 growing GPU demands by accelerating HPC/AI upgrade plans, leveraging existing power access, expansion opportunities, and disciplined implementation strategies.

In the business combination with Blue Acquisition, Blockfusion has been valued at $450 million in upfront capital. After the transaction, the publicly traded company will be known as Blockfusion Data Centers, Inc. and is expected to be listed on the Nasdaq exchange.

Blue Acquisition holds approximately $204 million in cash in the trust account established during the IPO. With the protection of the trust account and the revenue generated from possible financing transactions, it aims to provide $200 million in revenue related to the transaction.

Blockfusion's management estimates that, if the HPC/AI transformation process is successfully executed, it could generate up to $128 million in gross revenue and $75 million in EBITDA by 2028. Projections indicate that by 2030, gross revenue could rise to $209 million, while EBITDA is expected to reach $132 million.

The company’s CEO, Alex Martini-Lo Manto, stated, "Blockfusion was founded to provide reliable and cost-effective computing services. We have transformed a retired coal facility into a data center powered by clean energy, proving our capability to execute complex infrastructure projects effectively."

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