EdgeMode, Inc. announced the expansion of its joint venture with BAIF through the acquisition of three additional large-scale AI data center development projects. The expansion adds approximately 2GW of new planned capacity to the joint venture under the same commercial, technical, and governance framework as the original joint venture agreement. The newly added projects include DC Villasequilla (600MW), DC Tomelloso (450MW), and DC Tocumen (1,000MW).
With the inclusion of these sites, the joint venture now encompasses approximately 3.5GW of total planned capacity, comprising 2.5GW across Spain and 1GW in Panama. As a result of this expansion, EdgeMode is now positioned as one of the largest AI data center infrastructure developers in Europe and Central America, with power-secured and Ready-to-Build (RTB) scale. EdgeMode has a differentiated grid independent strategy focused on delivering sites that can be brought online rapidly to meet accelerating AI and compute demand.
In addition to expanding capacity, the agreement also brings additional local development resources, market expertise, and execution capability into the joint venture. This strengthens on-the-ground delivery across Spain and Panama and enhances EdgeMode's ability to progress permitting, power infrastructure, and site development efficiently at scale. The expansion reflects the strong progress achieved across EdgeMode's existing portfolio, the deepening relationship with BAIF and other strategic partners, and increasing demand from hyperscale and enterprise off-takers seeking large-scale, power-secured AI infrastructure with certainty of delivery and shortest time to power.
Industry analysts estimate that global AI data center capacity is expected to grow at a double-digit annual rate over the remainder of the decade, driven by rapid adoption of AI across cloud, enterprise, and industrial applications. However, grid congestion and power constraints continue to limit new supply, increasing the value of power-ready, grid independent, executable development platforms. EdgeMode's strategy centers on addressing this constraint directly, securing land, power, and permitting early, integrating on-site and grid-connected energy solutions, and advancing projects to RTB status therefore allowing customers to deploy compute capacity faster and with greater certainty. EdgeMode expects to provide further updates as development activity advances across the expanded joint venture portfolio and as commercial discussions with prospective off-takers continue.
