EdgeMode and BlackBerry Alternative Investment Fund have announced the signing of a Memorandum of Understanding outlining their intention to merge and create BLACK AI, a publicly listed AI infrastructure development platform. The proposed merger remains subject to final commercial terms, due diligence, and customary closing conditions.
EdgeMode and BlackBerry AIF sign MOU to create BLACK AI platform.
Combines EdgeMode's public-company platform with BlackBerry AIF's project development expertise.
Initial focus on Spain and Panama, with plans to expand internationally.
Vision 2035 strategy for developing, monetizing, and selectively owning AI infrastructure assets.
Platform will integrate land, power, permitting, engineering, connectivity, and capital.
Transaction subject to final terms and regulatory approvals.
BLACK AI will combine EdgeMode's public-company platform and AI infrastructure portfolio with BlackBerry AIF's expertise in project development, renewable energy, infrastructure, and commercial execution. The combined platform is initially focused on Spain and Panama, with ambitions to expand into additional international markets where the long-term fundamentals for AI infrastructure development are attractive. The platform will bring together capabilities including land, power, permitting, engineering, connectivity, capital, and strategic partnerships.
BLACK AI's long-term strategy, Vision 2035, provides a disciplined roadmap for creating shareholder value by developing AI infrastructure projects, selectively monetizing assets at the Ready-to-Build stage, progressing selected projects further through development and construction where appropriate, and ultimately building a portfolio of strategically owned infrastructure capable of generating long-term recurring cash flow. The strategy is intended to provide flexibility while allowing the business to capture value throughout the entire infrastructure development lifecycle.
"What excites me most isn't the transaction itself, it's the partnership behind it. Over the past year, Jose, Simon, and I have built enormous trust, respect, and friendship. The more we worked together, the more obvious it became that we weren't trying to build competing businesses, we were trying to build the same company," said Charlie Faulkner, Chief Executive Officer of EdgeMode. "Jose has assembled an outstanding team with exceptional technical and commercial expertise, and together we believe we have the opportunity to build something truly special. BLACK AI combines project development capability, strategic partnerships, and access to the public capital markets in a way that positions us to pursue a genuinely long-term vision."
"This partnership is built on a shared vision, complementary expertise, and a common ambition to build something exceptional. By bringing together our development capability with EdgeMode's public-market platform, we believe BLACK AI will be well positioned to develop large-scale AI infrastructure across multiple international markets. We believe speed, execution, and long-term thinking will define the winners in this industry, and together we are creating a platform designed to achieve exactly that," said Jose Mora, Chief Executive Officer of BlackBerry AIF.
About EdgeMode
EdgeMode develops scalable AI-ready data center campuses and integrated energy infrastructure across strategic global markets. The company focuses on power-secured developments aligned to accelerating AI and high-performance compute demand.
About BlackBerry AIF
BlackBerry Alternative Investment Fund (AIF) is a premier investment vehicle specializing in the development of next-generation data-center infrastructure tailored for AI and hyperscale workloads. Based in Spain, the fund prioritizes projects that emphasize sustainability, performance, and strategic connectivity—serving as a key enabler for hyperscalers, cloud providers, and AI innovators across Europe.
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