CleanCore Solutions (NYSE American: ZONE) has closed its first data center project in West Texas, a 200-megawatt campus
CleanCore Solutions, Inc., trading on NYSE American under ticker ZONE, announced the closing of its first data center project in partnership with HST Technologies, Inc. ZONE will own more than 95 percent of the project, providing capital and sharing promote economics with HST as the development platform provider. The company is positioned to expand its portfolio of AI infrastructure developments to meet growing demand for compute capacity.
Tyler Hassen, Chief Executive Officer of ZONE, stated: "As AI adoption increases rapidly and the demand for AI infrastructure continues to accelerate, we are actively focused on expanding our footprint of strategically located data center campuses. Closing our first data center project within weeks of signing our initial LOI reinforces the pace at which we're executing our strategy. We look forward to announcing upcoming projects in the coming weeks." Alex Spiro will continue as Chairman of the Board of Directors.
The West Texas data center campus represents a strategic expansion for the company. ZONE has committed to funding the initial 200 megawatts between now and 2029, with 100 million dollars expected to be funded by the first quarter of 2027. The project has potential to expand to more than 500 megawatts by 2030, and the company expects financial performance to align with market comparables.
ZONE describes itself as building critical infrastructure that powers the AI economy. Through a growing pipeline of projects, the company aims to meet increasing demand for compute capacity, power, and digital infrastructure required by the world's leading AI companies.