The Lease and the Expansion Agreement convert the non-binding letter of intent announced on June 30, 2026, into definitive agreements.

The Lease has a 15-year initial term with two five-year renewal options.

Blockfusion has transformed a decommissioned power plant into a low-carbon data center powered predominantly by hydroelectric power, and is now adapting the campus for high-density, liquid-cooled AI infrastructure. The site benefits from an existing grid interconnection, clean energy and redundant fiber infrastructure.

"This agreement is a defining milestone for Blockfusion, and strong validation of our Niagara Falls campus," said Alex Martini-Lo Manto, Chief Executive Officer of Blockfusion. "We are transforming a former industrial site into infrastructure for the next generation of computing and what we believe can become a long-term technology and economic anchor for the region."

"The conversation about data centers is ultimately about ensuring technology investment translates into real benefits for local communities," said Robert Restaino, Mayor of the City of Niagara Falls. "Blockfusion’s commitment to Niagara Falls creates opportunities for residents, businesses and future generations. We are encouraged by investments that help strengthen our local economy and position Niagara Falls for long term growth."

The agreements also mark an important step in Blockfusion's proposed business combination (the "Business Combination") with Blue Acquisition Corp. ("Blue") (NASDAQ:BACC). Subject to closing conditions, the Business Combination is expected to result in Blockfusion Digital Infrastructure, Inc. ("Pubco") becoming a publicly traded company listed on the Nasdaq Stock Market under the ticker symbol "BDI". Additional information regarding the Lease, the Expansion Agreement and related arrangements will be included in an amendment to the registration statement on Form S-4 (as amended, the "Registration Statement") to be filed by Pubco and Blockfusion with the U.S. Securities and Exchange Commission (the "SEC") in connection with the Business Combination.