Blockfusion signs 15-year anchor lease with CoreWeave at Niagara Falls

Blockfusion's subsidiary North East Data signed a definitive 15-year anchor lease with CoreWeave at its Niagara Falls, New York campus, along with a companion expansion agreement. The deal converts a non-binding June letter of intent into binding terms and is tied to Blockfusion's planned merger with a SPAC. The announcement does not disclose contracted capacity or delivery timing.

• 15-year initial term with two five-year renewal options
• The June letter of intent covered up to 300 MW, including 85 MW of take-or-pay capacity
• Blockfusion's June estimate: about $2.8B of lease revenue from the 85 MW over the initial term
• Capacity, delivery schedule and construction obligations not disclosed