1606 Corp. to Acquire 55 MW Power Generation Facility and Data Center in Texas for $11.67 Million
DATA AND AI INFRASTRUCTURE
1606 Corp. announced a non-binding term sheet to acquire a 55 MW power generation facility and a climate-controlled data center in Lufkin, Texas, for approximately $11.67 million. The deal includes $7.5 million in cash and $4.17 million in existing debt.
The transaction is expected to close by March 11, 2026, pending negotiations and customary closing conditions. This acquisition aims to enhance the company's energy infrastructure capabilities to support growing AI and data center demand.
Feb 19, 2026, 6:13 AM
