EdgeMode, a next-generation data infrastructure company focused on high-performance computing (HPC), has signed a Memorandum of Understanding (MoU) with BlackBerry AIF (BAIF), laying the foundation for a major merger aimed at accelerating the rollout of AI-ready data centers across Europe. The agreement marks a significant strategic move as both companies position themselves at the forefront of the rapidly expanding AI infrastructure sector.
The proposed transaction will see EdgeMode acquire 100% of BAIF’s issued share capital. In return, BAIF shareholders will receive equity in EdgeMode, ultimately controlling 50% of the merged company. The combination of both firms’ assets is expected to result in a combined portfolio exceeding $140 million in value. The enlarged company would also assume responsibility for a development pipeline of 4.4 gigawatts (GW) of hyperscale-ready data center sites across Europe, including major sites in Spain and Sweden.
According to company projections, 1 GW of this capacity will be ready-to-build (RTB) by the final quarter of 2025, with a further 1.2 GW reaching RTB status by Q4 2027. With growing demand for data-intensive workloads and AI training, EdgeMode plans to leverage this capacity expansion to become a dominant player in Europe’s HPC and AI infrastructure landscape.
BAIF’s contribution to the merger includes 23 strategic land parcels zoned for data center construction. These sites collectively represent 4.41 GW of potential capacity, with more than 2.2 GW already having secured dark fiber connectivity, zoning clearances, and land lease agreements. One of the most advanced projects is located in Marviken, Sweden, where EdgeMode has secured a 95 MW power purchase agreement and commenced development on a 20 MW facility. This site is expected to serve as the first operational node in the company’s HPC expansion strategy.
EdgeMode’s leadership believes the merger will substantially boost its ability to attract institutional capital and strategic investors. With established ties to investment banks and a clear roadmap for inorganic growth through mergers and acquisitions, the company aims to enhance shareholder value and accelerate its entry into the European AI data center market.
Industry momentum is on their side. The global HPC market, driven by increasing AI adoption, is projected to grow from $54 billion in 2024 to over $110 billion by 2032, according to research from Fortune Business. EdgeMode’s value proposition is centered on delivering high-density, AI-optimized infrastructure powered entirely by renewable energy. Its go-to-market approach blends colocation services with land and facility sales to hyperscalers and infrastructure operators.
Charlie Faulkner, CEO of EdgeMode, called the agreement a “transformational step” in the company’s evolution. “By combining our infrastructure know-how with BAIF’s strategic real estate assets, we’re building a scalable, gigawatt-scale platform to meet next-generation computing demands,” he said. “This positions us to deliver long-term value for shareholders while capitalizing on the surging demand for AI-driven data services.”
Jose Mora, CEO of BlackBerry AIF, echoed that sentiment, describing the partnership as a “major catalyst” for unlocking the value of its development pipeline. “By gaining access to public markets, global capital, and execution resources, we can accelerate construction timelines, attract hyperscale tenants, and create durable investor confidence,” he said.
The two companies have now entered a 45-day due diligence window to finalize a definitive merger agreement. The MoU outlines a cooperative governance framework, including shared project development responsibilities and joint management control.
