EdgeMode Inc. and BlackBerry Alternative Investment Fund have signed a memorandum of understanding to merge and create B
EdgeMode, Inc. (OTC: EDGM) and BlackBerry Alternative Investment Fund announced on August 13, 2026 the signing of a Memorandum of Understanding outlining their intention to merge and create BLACK AI, a publicly listed AI infrastructure development platform. The proposed merger remains subject to final commercial terms, due diligence, definitive agreements, and customary closing conditions.
The transaction brings together complementary capabilities developed over almost twelve months of close collaboration between the two management teams. Both organizations recognized a shared ambition to build a long-term international AI infrastructure platform capable of developing, financing, and ultimately owning world-class AI infrastructure assets.
BLACK AI will combine EdgeMode's public-company platform and AI infrastructure portfolio with BlackBerry AIF's expertise in project development, renewable energy, infrastructure, and commercial execution. The combined platform is initially focused on Spain and Panama, with ambitions to expand into additional international markets where the long-term fundamentals for AI infrastructure development are attractive.
Artificial intelligence is driving one of the largest infrastructure investment cycles in history. Meeting that demand requires far more than constructing data centers. It requires access to land, power, permitting, engineering, connectivity, capital, and strategic partnerships. BLACK AI's objective is to bring those capabilities together within a single integrated platform.
BLACK AI's long-term strategy, Vision 2035, provides a disciplined roadmap for creating shareholder value by developing AI infrastructure projects, selectively monetizing assets at the Ready-to-Build stage, progressing selected projects further through development and construction where appropriate, and ultimately building a portfolio of strategically owned infrastructure capable of generating long-term recurring cash flow.
Charlie Faulkner, Chief Executive Officer of EdgeMode, stated that what excites him most is not the transaction itself but the partnership behind it. Over the past year, he and Jose Mora and Simon from BlackBerry AIF built enormous trust, respect, and friendship, recognizing that they were not trying to build competing businesses but the same company. Faulkner noted that Jose has assembled an outstanding team with exceptional technical and commercial expertise, and together they believe they have the opportunity to build something truly special. He emphasized that BLACK AI combines project development capability, strategic partnerships, and access to the public capital markets in a way that positions them to pursue a genuinely long-term vision, calling AI infrastructure one of the defining investment themes of the generation and expressing belief that BLACK AI has the opportunity to become a significant international platform over the decade ahead.
Jose Mora, Chief Executive Officer of BlackBerry AIF, commented that the partnership is built on a shared vision, complementary expertise, and a common ambition to build something exceptional. By bringing together their development capability with EdgeMode's public-market platform, he believes BLACK AI will be well positioned to develop large-scale AI infrastructure across multiple international markets. Mora stated that speed, execution, and long-term thinking will define the winners in the industry, and together they are creating a platform designed to achieve exactly that.
Subject to completion of the proposed merger, BLACK AI intends to establish itself as a leading AI infrastructure development platform, initially focused on Spain and Panama while pursuing additional opportunities in carefully selected international markets as part of its Vision 2035 strategy. EdgeMode develops scalable AI-ready data center campuses and integrated energy infrastructure across strategic global markets, focusing on power-secured developments aligned to accelerating AI and high-performance compute demand. BlackBerry Alternative Investment Fund is a premier investment vehicle specializing in the development of next-generation data-center infrastructure tailored for AI and hyperscale workloads, based in Spain and prioritizing projects that emphasize sustainability, performance, and strategic connectivity.