EdgeMode, BlackBerry AIF Form $140M AI Data Center Venture


EdgeMode, BlackBerry AIF Form $140M AI Data Center Venture

📅 - EdgeMode, a next-generation data infrastructure company focused on high-performance computing (HPC), has signed a Memorandum of Understanding (MoU) with BlackBerry AIF (BAIF), laying the foundation for a major merger aimed at accelerating the rollout of AI-ready data centers across Europe. The agreement marks a significant strategic move as both companies position themselves at the forefront of the rapidly expanding AI infrastructure sector.

The proposed transaction will see EdgeMode acquire 100% of BAIF's issued share capital. In return, BAIF shareholders will receive equity in EdgeMode, ultimately controlling 50% of the merged company. The combination of both firms' assets is expected [...][... Check source for end of article ...]
Tags: AI

Reads: 78 | Category: General | Source: Hosting Jurnalist : Hosting Jurnalist | Author:
URL source: https://hostingjournalist.com/news/edgemode-blackberry-aif-form-140m-ai-data-center-venture
Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!