Algorhythm Holdings, Inc. (Nasdaq:
$RIME ), owner of Azure Energy and SemiCab Holdings, provided details of a 100 MW pyrolysis-to-power facility currently under development in western North Carolina, where the first phase is expected to generate 50MW and to be fully operational in approximately 24 months.
Algorhythm Holdings, Inc. is a B2i Digital Featured Company. See the company's in-depth profile at: https://b2idigital.com/algorhythm-holdings-1
Azure has two clearly defined paths to additional value from the project in the future:
• If the project is completed as scheduled, the Company expects to earn in excess of
$4 million in EBITDA annually through its minority equity stake once the facility is operational in late 2028
• Alternatively, the project could be sold upon completion of final permitting, with an estimated value of up to
$70 million, based on an assumed valuation of approximately
$1 million per powered acre, consistent with Colliers' 2026 U.S. Data Center Marketplace Report
• If sold, Azure would receive approximately
$7 million for its equity stake, plus additional fee income for managing the transaction
On the wider portfolio, "Our North Carolina project is one of three active, highly attractive projects our team is helping advance today," commented Andrew Thompson, CEO of Algorhythm Holdings.
Read the full release: https://www.globenewswire.com/news-release/2026/10/13/3379817/0/en/algorhythm-highlights-potential-70-million-project-cash-value-as-azure-energy-advances-renewable-power-development.html
Azure expects to begin marketing the project and fully evaluate offers before the end of Q4 2026. Based on existing contracts, Azure is forecast to earn approximately
$3 million in fee income in 2027.
The facility will convert regional woody biomass into firm, dispatchable electricity and water. The project is divided into two separate timelines and deliverables, and the second phase would double the production capacity to 100MW and would require an additional 12 months to come online thereafter. The facility will be able to produce baseload capacity around the clock, which makes it suitable for industrial and advanced manufacturing users that cannot tolerate intermittency or curtailment.
Algorhythm Holdings, Inc. (Nasdaq: RIME) is a diversified holding company focused on identifying, acquiring, and scaling innovative businesses in high-growth markets. The Company's two primary operating businesses are Azure Energy and SemiCab Holdings. Azure Energy provides strategic and technical advisory services for renewable biomass power generation infrastructure. Since launching in 2025, Azure has secured equity interests in multiple U.S. power projects currently under development, with an estimated aggregate net present value exceeding
$220 million. Algorhythm Holdings, Inc. also owns and operates SemiCab, an AI-enabled logistics software provider. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address common supply-chain problems globally. Discover more Featured Companies, Featured Experts, and upcoming Featured Conferences at b2idigital.com.
David Shapiro, Chief Executive Officer of B2i Digital, personally purchased in the open market and currently owns shares of unrestricted RIME stock, in line with B2i Digital’s practice of investing alongside its Featured Companies. B2i Digital is not a broker-dealer or investment adviser. This post is informational and not an offer or solicitation regarding any security. See the complete Disclosure at https://b2idigital.com/disclaimer.
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