May. 14 at 2:29 PM
$BACC.X
The merger process involving Neocloud company Blockfusion Data Centers is progressing.
The company previously signed a
$450 million merger agreement with Blue Acquisition Corp. (BACC) as part of its public listing process, with completion expected in the first half of 2026.
The transaction is expected to provide approximately
$200 million in proceeds, intended to support AI transformation initiatives and infrastructure development and upgrades.
Financial outlook:
2028:
$128M revenue,
$75M EBITDA
2030:
$209M revenue,
$132M EBITDA
Aber Whitcomb, CEO of Salt AI and co-founder of Core Scientific
$CORZ, is expected to join the board following the merger.
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