1606 Corp. to Acquire 55 MW Power Generation Facility and Data Center in Texas for $11.67 Million
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.
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1606 Corp. has entered a non-binding term sheet for the acquisition of a 55 MW power generation facility and a climate-controlled data center in Lufkin, Texas, for around $11.67 million. The purchase consists of $7.5 million in cash and the assumption of $4.17 million in existing debt.
The acquisition encompasses 132 acres and associated assets for captive power generation, facilitating support for AI and data center operations. The transaction is expected to close by March 11, 2026, after a 15-day inspection and agreement period. The company is also negotiating to acquire Sim Agro for operational support of the facility.
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