EdgeMode announced that it has executed a definitive agreement with Blackberry AIF (BAIF) to acquire and develop a portfolio of five large-scale data center sites in Spain. Under the agreement, the portfolio assets will be transferred into a new special purpose vehicle (SPV) in which EdgeMode will hold 75% ownership and BAIF will hold 25%. EdgeMode will assume responsibility for financing and advancing the sites through Ready-to-Build (RTB).
The portfolio represents over 1.5GW of planned Tier 3 data center capacity, making it one of the largest AI-focused infrastructure development initiatives currently underway in Europe. Each site is being advanced to RTB status, at which point they are expected to command RTB sale valuations of up to approximately $1 million per MW, based on current European hyperscale and AI-compute demand. Strategic Rationale: Establishes EdgeMode as a major European AI infrastructure developer; Creates a repeatable RTB monetization model across multiple >300MW campuses; Aligns with institutional demand for scalable, power-secure AI compute sites; Accelerates EdgeMode's strategic roadmap toward a planned U.S. up listing EdgeMode and BAIF are now progressing: Final permitting and RTB documentation; Power integration planning (gas baseload + optional renewable + BESS configurations); Strategic buyer and JV conversations with hyperscalers and infrastructure funds; First RTB sites are targeted for 2027, with staged commercialization continuing through 2028.
