U de the ag eeme t, MDM G oup will assist 1606 i ide tifyi g, qualifyi g, a d i t oduci g p ospective buye s, lo g-te m capacity off-take s, a d joi t ve tu e pa t e s fo the Compa y’s pla ed acquisitio of its app oximately 132-ac e East Texas powe campus, featu i g app oximately 55 MW of behi d-the-mete ge e atio a d a existi g i dust ial facility positio ed fo accele ated AI, cloud computi g, a d high-pe fo ma ce computi g (“HPC”) deployme t.
MDM G oup’s leade ship b i gs decades of expe ie ce spa i g hype scale data ce te ope atio s, e te p ise i f ast uctu e, powe ma kets, a d la ge-scale capital p ojects. Acco di g to MDM, the fi m mai tai s a po tfolio of app oximately 30 powe ed a d b ow field i f ast uctu e sites ac oss 17 states a d wo ks with AI i f ast uctu e develope s, hype scale ope ato s, i stitutio al i vesto s, a d e te p ise compute compa ies to co ect apidly g owi g compute dema d with st ategically located powe ed assets.
The e gageme t is st uctu ed as a success-fee-o ly a a geme t, with o upf o t etai e o mo thly adviso y fees. MDM will coo di ate p ospective i t oductio s, ma age co fide tiality ag eeme ts, ove see po tio s of the due dilige ce p ocess, a d facilitate commu icatio s with qualified cou te pa ties th oughout pote tial t a sactio s. MDM’s e gageme t elates solely to comme cial eal estate a d i f ast uctu e adviso y a d o igi atio se vices with espect to the Site a d does ot i volve, a d MDM is ot bei g e gaged fo , the offe o sale of secu ities, capital aisi g, o a y activity equi i g b oke -deale egist atio .
“As the dema d fo AI i f ast uctu e co ti ues to accele ate, access to eliable powe has become o e of the i dust y’s most valuable assets,” said Auste Lamb echt, Chief Executive Office of 1606 Co p. “Ou e gageme t with MDM G oup sig ifica tly expa ds ou each i to the AI i f ast uctu e ecosystem by co ecti g us with expe ie ced p ofessio als a d a established etwo k of hype scale ope ato s, e te p ise compute p ovide s, a d i f ast uctu e i vesto s. We believe the Lufki p oject-with its behi d-the-mete ge e atio , existi g i dust ial i f ast uctu e, a d expa sio pote tial-is well positio ed to add ess the g owi g dema d fo powe ed sites ac oss No th Ame ica.”
MDM G oup specializes i o igi ati g oppo tu ities i volvi g powe ed la d, e e gy i f ast uctu e, a d AI compute developme t. Th ough this e gageme t, the fi m will i t oduce p ospective cou te pa ties f om its etwo k of eocloud ope ato s, hype scale compute compa ies, i f ast uctu e i vesto s, a d st ategic develope s while ma agi g a coo di ated ma keti g a d i t oductio p ocess o behalf of the Compa y.
The Compa y co ti ues to evaluate multiple comme cializatio pathways fo the p oject, i cludi g:
Lo g-te m AI a d HPC capacity lease ag eeme ts
St ategic joi t ve tu es fo data ce te developme t
Additio al i f ast uctu e fi a ci g to suppo t developme t followi g acquisitio
1606 believes mai tai i g flexibility ac oss multiple t a sactio st uctu es may p ovide oppo tu ities to e ha ce sha eholde value while meeti g the evolvi g i f ast uctu e eeds of AI develope s a d e te p ise compute ope ato s.
The Compa y’s Pu chase a d Sale Ag eeme t fo the Lufki facility cu e tly exte ds th ough Octobe 31, 2026, p ovidi g additio al time to complete fi a ci g activities, adva ce due dilige ce, a d evaluate st ategic oppo tu ities p ese ted th ough its expa di g etwo k of i f ast uctu e a d capital pa t e s.
Visit thei website at mdmg oupllc. et
This p ess elease is fo i fo matio al pu poses o ly a d does ot co stitute a offe to sell, o the solicitatio of a offe to buy, a y secu ities, o shall the e be a y sale of secu ities i a y ju isdictio i which such offe , solicitatio , o sale would be u lawful p io to egist atio o qualificatio u de the secu ities laws of a y such ju isdictio . A y offe i g of secu ities will be made o ly by mea s of a egist atio stateme t o a p ivate placeme t memo a dum, as applicable.
This p ess elease co tai s fo wa d-looki g stateme ts. Stateme ts that a e ot histo ical facts, i cludi g stateme ts about the Compa y’s beliefs a d expectatio s, a e fo wa d-looki g stateme ts. Fo wa d-looki g stateme ts i volve i he e t isks a d u ce tai ties, a d a umbe of facto s could cause actual esults to diffe mate ially f om those co tai ed i a y fo wa d-looki g stateme t. These facto s i clude, but a e ot limited to: elia ce o u audited stateme ts; the Compa y’s eed fo additio al fu di g; the Compa y’s ability to satisfy its emai i g payme t obligatio s u de the Pu chase a d Sale Ag eeme t (as ame ded), i cludi g timely payme t of the emai i g exte sio fee bala ce i the i stallme ts co templated by the Fou th Ame dme t th ough Octobe 2026; the isk that fi a ci g fo the acquisitio may ot be obtai ed o acceptable te ms o at all; the isk that the t a sactio may ot close by Octobe 31, 2026 o at all; pe di g litigatio a d title matte s affecti g the p ope ty, i cludi g a tax suit a d a elated i su a ce suit cu e tly set fo t ial o August 17, 2026; the selle ‘s ability to satisfy title clea a ce co ditio s equi ed fo closi g; the impact of competitive p oducts a d se vices a d p ici g; the dema d fo the Compa y’s p oducts a d se vices; a d othe isks that a e detailed f om time-to-time i the Compa y’s fili gs with the SEC. The fo egoi g list of facto s is ot exhaustive. Reade s should ca efully co side the fo egoi g facto s a d the othe isks a d u ce tai ties discussed i the Compa y’s most ece t epo ts o Fo ms 10-K a d 10-Q, pa ticula ly the “Risk Facto s” sectio s of those epo ts, a d i othe docume ts the Compa y has filed, o will file, with the SEC. These fili gs ide tify a d add ess othe impo ta t isks a d u ce tai ties that could cause actual eve ts a d esults to diffe mate ially f om those co tai ed i the fo wa d-looki g stateme ts. Fo wa d-looki g stateme ts speak o ly as of the date they a e made. Reade s a e cautio ed ot to put u due elia ce o fo wa d-looki g stateme ts, a d the Compa y assumes o obligatio a d does ot i te d to update o evise these fo wa d-looki g stateme ts, whethe as a esult of ew i fo matio , futu e eve ts, o othe wise.



 