$CBDW 1606 Corp. Files Annual Report on Form 10-K, Advancing Data Center Strategy and Acquisition Pipeline
https://www.globenewswire.com/news-release/20...eline.html
PHOENIX, March 31, 2026 (GLOBE NEWSWIRE) -- 1606 Corp. (OTC: CBDW) (“1606” or the “Company”), a publicly traded company focused on building next-generation data center infrastructure powered by captive energy assets, today announced that it has filed its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission.
The filing reflects a pivotal year for the Company, marked by significant progress in repositioning 1606 Corp. into a scalable platform at the intersection of energy and data infrastructure.
Key Highlights from 2025 and Early 2026 Include:
Strategic Shift to Data Center Infrastructure
1606 Corp. successfully repositioned its business toward acquiring and developing data center-ready facilities powered by captive energy assets, aligning with surging demand from AI and high-performance computing sectors.
Execution of Flagship Acquisition Strategy
The Company signed a Purchase and Sale Agreement (PSA) for a 132-acre site featuring a power generation asset and a 50,000 square foot data center-ready facility, establishing the foundation for a scalable infrastructure platform.
Strategic Partnerships & Transaction Momentum
The Company has entered into a non-binding Letter of Intent with Sim Agro Inc. and is working toward finalizing a definitive agreement for Sim Agro to support power plant operations. There can be no assurance that a definitive agreement will be reached on acceptable terms or at all. Additionally, 1606 Corp. has formally engaged Moody to support capital markets strategy, financing initiatives, and transaction execution as the Company advances toward closing and development.
Captive Power Advantage, Market Validation & Public Company Strength
With on-site power generation, the Company is positioned to deliver reliable, cost-efficient energy directly to data center clients. The Company believes this model has the potential to attract interest from customers seeking power and lease solutions, although there can be no assurance that the Company will secure any such customers or that any such customers will engage the Company on acceptable terms. 1606 Corp. remains fully reporting and current with its SEC filings—demonstrating a foundation for scalable growth and institutional engagement.
Management Commentary
“This 10-K reflects a transformational year for 1606 Corp.,” said Austen Lambrecht, Chief Executive Officer of 1606 Corp. “We’ve repositioned the Company around one of the most compelling opportunities in today’s market—power-constrained data center infrastructure. With a signed acquisition, a clear growth strategy, and strong positioning in the market, we believe we are building a platform capable of generating significant long-term value for our shareholders.”
Looking Ahead
As 1606 Corp. moves into 2026, the Company is focused on closing its previously announced acquisition, advancing development plans, and scaling its power-backed data center model. Management believes this approach, if successfully executed, has the potential to support a high-margin, infrastructure-driven business; however, there can be no assurance that the Company will achieve these results, and actual results may differ materially from management's expectations. See "Forward-Looking Statements" below.
The Company’s Annual Report on Form 10-K is available on the SEC’s website at www.sec.gov.
https://www.globenewswire.com/news-release/20...eline.html
PHOENIX, March 31, 2026 (GLOBE NEWSWIRE) -- 1606 Corp. (OTC: CBDW) (“1606” or the “Company”), a publicly traded company focused on building next-generation data center infrastructure powered by captive energy assets, today announced that it has filed its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission.
The filing reflects a pivotal year for the Company, marked by significant progress in repositioning 1606 Corp. into a scalable platform at the intersection of energy and data infrastructure.
Key Highlights from 2025 and Early 2026 Include:
Strategic Shift to Data Center Infrastructure
1606 Corp. successfully repositioned its business toward acquiring and developing data center-ready facilities powered by captive energy assets, aligning with surging demand from AI and high-performance computing sectors.
Execution of Flagship Acquisition Strategy
The Company signed a Purchase and Sale Agreement (PSA) for a 132-acre site featuring a power generation asset and a 50,000 square foot data center-ready facility, establishing the foundation for a scalable infrastructure platform.
Strategic Partnerships & Transaction Momentum
The Company has entered into a non-binding Letter of Intent with Sim Agro Inc. and is working toward finalizing a definitive agreement for Sim Agro to support power plant operations. There can be no assurance that a definitive agreement will be reached on acceptable terms or at all. Additionally, 1606 Corp. has formally engaged Moody to support capital markets strategy, financing initiatives, and transaction execution as the Company advances toward closing and development.
Captive Power Advantage, Market Validation & Public Company Strength
With on-site power generation, the Company is positioned to deliver reliable, cost-efficient energy directly to data center clients. The Company believes this model has the potential to attract interest from customers seeking power and lease solutions, although there can be no assurance that the Company will secure any such customers or that any such customers will engage the Company on acceptable terms. 1606 Corp. remains fully reporting and current with its SEC filings—demonstrating a foundation for scalable growth and institutional engagement.
Management Commentary
“This 10-K reflects a transformational year for 1606 Corp.,” said Austen Lambrecht, Chief Executive Officer of 1606 Corp. “We’ve repositioned the Company around one of the most compelling opportunities in today’s market—power-constrained data center infrastructure. With a signed acquisition, a clear growth strategy, and strong positioning in the market, we believe we are building a platform capable of generating significant long-term value for our shareholders.”
Looking Ahead
As 1606 Corp. moves into 2026, the Company is focused on closing its previously announced acquisition, advancing development plans, and scaling its power-backed data center model. Management believes this approach, if successfully executed, has the potential to support a high-margin, infrastructure-driven business; however, there can be no assurance that the Company will achieve these results, and actual results may differ materially from management's expectations. See "Forward-Looking Statements" below.
The Company’s Annual Report on Form 10-K is available on the SEC’s website at www.sec.gov.
