Blockfusion to Go Public via Business Combination with Blue Acquisition Corp., Plans to Expand Clean Energy-Powered Data Center for High-Performance and AI Compute

Blockfusion, a clean energy-powered data center operator, is going public through a business combination with Blue Acquisition Corp. The company's Niagara Facility is a strategically located data center that can transport data quickly to major HPC and semiconductor companies. Blockfusion plans to upgrade and expand its facility to support next-generation AI workloads, with plans to deploy over 100 MWs of Tier 3 capacity. The proposed business combination will attribute a $450 million pre-money equity value to Blockfusion's business.