BluSky AI Secures 9.3MW for Utah Data Center
Deal News | Jul 08, 2025 | Globenewswire
BluSky AI Inc., an innovative developer of modular AI data center infrastructure, has secured its first operational site with a substantial 9.3 MW power supply in Central Utah. This milestone was achieved through an Acquisition and Power Assignment Agreement with Digital Asset Management, LLC, enabling BluSky AI to access competitively priced power for its flagship data center project. The Utah site will feature a ground lease agreement with Wild Mustang Ventures LLC for 51.6 acres of land, with an annual rent of $90,000 and an option to purchase. This strategic initiative is fundamental to BluSky's long-term plan to provide scalable AI data centers that promise energy efficiency and rapid deployment, reinforcing its position as a leader in AI infrastructure development.
Sectors
- Technology Infrastructure
- Renewable Energy
- Real Estate
Geography
- United States – The primary location for BluSky AI's operations and the data center project is in Central Utah, USA.
- Utah – Specific to where the data center and land are located and where the power agreement has been executed.
Industry
- Technology Infrastructure – The article focuses on BluSky AI's development of data center infrastructure, which falls within the technology infrastructure sector.
- Renewable Energy – The power acquisition deal emphasizes long-term, low-cost energy solutions which highlights the role of energy considerations in technological advancement.
- Real Estate – The acquisition of land for the data center site pertains to the real estate industry.
Financials
- 20 million shares – BluSky AI issued this amount of restricted common stock to DAM as consideration for the power rights.
- $90,000 – Annual base rent for the leased land in Central, Utah.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BluSky AI Inc. | Target Company | Companies | A developer of modular AI data center infrastructure based in Salt Lake City, Utah. |
| Digital Asset Management, LLC | Vendor | Companies | A Wyoming-based infrastructure partner that assigned power rights to BluSky AI. |
| Wild Mustang Ventures LLC | Other - Real Estate Partner | Companies | Leased 51.6 acres for the data center site to BluSky AI, with an option for purchase. |