Blockfusion Aims to Power Next-Gen AI Data Centers with Nasdaq Listing—CORZ Leadership Adds Strategic Insight

Blockfusion to Go Public in $450 Million Deal: Can Its Clean Energy Edge Capture the AI Boom?

Blockfusion, the owner-operator of a strategically located, clean energy-powered data center in New York’s innovation corridor, is taking the leap to the public markets via a business combination with Blue Acquisition Corp. The transaction values Blockfusion at $450 million pre-money, with up to $200 million in gross proceeds targeted to fuel its transition into a high-performance computing (HPC) and AI-focused powerhouse. Notably, the company will soon welcome Aber Whitcomb—a key figure at Core Scientific (Nasdaq: CORZ) and Salt AI—onto its board, spotlighting leadership with a track record in AI data infrastructure.

Clean Power and Strategic Geography Give Blockfusion a Head Start

Why the attention? Blockfusion’s Niagara Facility sits in NYISO Zone-A, tapping abundant clean energy with sub-4 millisecond data transfer to major tech hubs including Toronto, New York City, and Boston. Surrounded by major semiconductor and tech companies such as Tesla, Yahoo!, and Micron in New York’s SMART I-Corridor, Blockfusion has become a sought-after site for AI and high-density computing clients.

Currently operating at 46 MW, Blockfusion aims to more than double to over 100 MW of Tier 3 capacity—offering customers 200 kW per GPU rack to handle next-gen AI workloads. This expansion leverages both existing infrastructure and new builds, reducing time-to-market versus greenfield competitors. The firm’s partners for this effort include engineering leaders like Gensler and Thornton Tomasetti.

Revenue Ambitions Are High—But Execution Will Be Critical

Blockfusion management projects impressive growth if the HPC/AI expansion unfolds as planned—targeting $128 million in gross revenues and $75 million in EBITDA by 2028, and climbing to $209 million in gross revenues and $132 million in EBITDA by 2030. These forecasts rely on aggressive assumptions: timely capital access, successful client acquisition, and no significant operational snags. A significant capital commitment is expected, with estimates reaching $900 million for core construction and additional expansion costs averaging $10.5 million per MW.

CORZ Ties Add Industry Know-How to the Blockfusion Board

Adding sector credibility, Blockfusion’s anticipated public board will include Aber Whitcomb—CEO of Salt AI and co-founder/director at Core Scientific (Nasdaq: CORZ). His appointment points to operational knowledge and network depth across digital infrastructure and high-growth AI compute, a critical advantage as Blockfusion seeks to attract sophisticated enterprise clients and deliver on rapid expansion plans.

Takeaway: Can Blockfusion Deliver Amid a Rapidly Shifting AI Landscape?

The Blockfusion-Blue Acquisition combination positions the company to meet the accelerating needs of the AI and high-performance compute market, leveraging clean power, fast connectivity, and strategic location. With bold revenue targets and the involvement of leaders linked to CORZ, the setup appears strong—on paper. The real test lies in executing its growth blueprint, managing high capital demands, and securing long-term client commitments as the AI data center arms race heats up.

For investors and market-watchers, the public debut and Blockfusion’s next moves may offer valuable signals about the evolving competitive landscape for AI-ready data centers—and how experience from players like CORZ can shape outcomes in this sector’s next chapter.

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