$BSAI BluSky AI Inc. Signs Letter of Intent to Lea
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Posted On: 09/23/2025 1:19:02 PM
$BSAI BluSky AI Inc. Signs Letter of Intent to Lease Strategic Site in Nephi, Utah for Modular AI Infrastructure Expansion
https://www.globenewswire.com/news-release/20...nsion.html
Salt Lake City, Sept. 23, 2025 (GLOBE NEWSWIRE) -- BluSky AI Inc., (OTCID: BSAI) (“BluSky AI” or the “Company”), Headquartered in Salt Lake City, Utah, is a Neocloud purpose-built for artificial intelligence through rapidly deployable SkyMod data centers. SkyMods are next-generation, scalable AI Factories providing a seamless GPU-as-a-Service to power AI workloads.
BluSky AI announced today the execution of a non-binding Letter of Intent (LOI) to lease approximately 16,000 square feet at 1358 N 200 W, Nephi, Utah, located on Juab County parcels XA3A-0030-4 and XA3A-0040-2.
The LOI outlines BluSky AI’s intent to lease a designated pad of approximately 100 x 150 feet on the northwest corner of the parcel, with additional acreage available to accommodate expanded wattage capacity as needed. The site, totaling approximately 0.375 acres, is positioned to support BluSky’s next phase of modular data center deployment in Utah’s energy-rich corridor.
“This location represents a strategic milestone in our multi-state infrastructure roadmap,” said Trent D’Ambrosio, CEO of BluSky AI Inc. “Nephi offers the right mix of scalable power, geographic resilience, and community alignment to support our mission of democratizing access to high-performance AI compute.”
Under the proposed lease terms with TNT Land and Holdings LLC, BluSky AI will pay a base lease rate of $4,000/month, escalating to $28,000/month upon full activation of 4 MW of capacity. The lease structure includes a 2% annual escalation, is NNN, and spans a 10-year term with two optional 5-year extensions. The agreement also provides a 120-day inspection period for BluSky AI to evaluate site conditions and utility readiness.
All site modifications, power upgrades, and module activation costs including engineering, permitting, and construction—will be undertaken by BluSky AI to ensure full operational readiness.
Should module installation not commence within 12 months of lease execution, either party may terminate the agreement without further obligation.
This LOI marks another step in BluSky AI’s commitment to building modular, ESG-aligned infrastructure across the Western U.S., with a focus on transparency, compliance, and long-term growth to scale and empower AI’s transformative role in the future.
BluSky AI addresses the universal need for compute power—positioning itself as a foundational layer in the AI revolution. Its infrastructure-first approach enables clients to focus on innovation while the company delivers the critical backbone, powering tomorrow’s breakthroughs.
https://www.globenewswire.com/news-release/20...nsion.html
Salt Lake City, Sept. 23, 2025 (GLOBE NEWSWIRE) -- BluSky AI Inc., (OTCID: BSAI) (“BluSky AI” or the “Company”), Headquartered in Salt Lake City, Utah, is a Neocloud purpose-built for artificial intelligence through rapidly deployable SkyMod data centers. SkyMods are next-generation, scalable AI Factories providing a seamless GPU-as-a-Service to power AI workloads.
BluSky AI announced today the execution of a non-binding Letter of Intent (LOI) to lease approximately 16,000 square feet at 1358 N 200 W, Nephi, Utah, located on Juab County parcels XA3A-0030-4 and XA3A-0040-2.
The LOI outlines BluSky AI’s intent to lease a designated pad of approximately 100 x 150 feet on the northwest corner of the parcel, with additional acreage available to accommodate expanded wattage capacity as needed. The site, totaling approximately 0.375 acres, is positioned to support BluSky’s next phase of modular data center deployment in Utah’s energy-rich corridor.
“This location represents a strategic milestone in our multi-state infrastructure roadmap,” said Trent D’Ambrosio, CEO of BluSky AI Inc. “Nephi offers the right mix of scalable power, geographic resilience, and community alignment to support our mission of democratizing access to high-performance AI compute.”
Under the proposed lease terms with TNT Land and Holdings LLC, BluSky AI will pay a base lease rate of $4,000/month, escalating to $28,000/month upon full activation of 4 MW of capacity. The lease structure includes a 2% annual escalation, is NNN, and spans a 10-year term with two optional 5-year extensions. The agreement also provides a 120-day inspection period for BluSky AI to evaluate site conditions and utility readiness.
All site modifications, power upgrades, and module activation costs including engineering, permitting, and construction—will be undertaken by BluSky AI to ensure full operational readiness.
Should module installation not commence within 12 months of lease execution, either party may terminate the agreement without further obligation.
This LOI marks another step in BluSky AI’s commitment to building modular, ESG-aligned infrastructure across the Western U.S., with a focus on transparency, compliance, and long-term growth to scale and empower AI’s transformative role in the future.
BluSky AI addresses the universal need for compute power—positioning itself as a foundational layer in the AI revolution. Its infrastructure-first approach enables clients to focus on innovation while the company delivers the critical backbone, powering tomorrow’s breakthroughs.
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