1606 Corp. (OTC: CBDW) announced the filing of its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission, marking a pivotal year in the Company's repositioning as a scalable platform at the intersection of energy and data infrastructure. The filing highlights a strategic shift toward acquiring and developing data center-ready facilities powered by captive energy assets, positioning the Company to meet surging demand from AI and high-performance computing sectors.
Key developments include the execution of a Purchase and Sale Agreement for a 132-acre site featuring a power generation asset and a 50,000 square foot data center-ready facility, establishing the foundation for a scalable infrastructure platform. The Company has also entered into a non-binding Letter of Intent with Sim Agro Inc. to support power plant operations, though there can be no assurance that a definitive agreement will be reached. Additionally, 1606 Corp. has formally engaged Moody to support capital markets strategy and transaction execution as it advances toward closing and development.
With on-site power generation, the Company is positioned to deliver reliable, cost-efficient energy directly to data center clients. This captive power advantage, combined with the Company's fully reporting status and current SEC filings, demonstrates a foundation for scalable growth and institutional engagement. Management believes this model has the potential to attract interest from customers seeking power and lease solutions, although there can be no assurance of securing such customers on acceptable terms.
“This 10-K reflects a transformational year for 1606 Corp.,” said Austen Lambrecht, Chief Executive Officer. “We’ve repositioned the Company around one of the most compelling opportunities in today’s market—power-constrained data center infrastructure. With a signed acquisition, a clear growth strategy, and strong positioning in the market, we believe we are building a platform capable of generating significant long-term value for our shareholders.”
Looking ahead, 1606 Corp. is focused on closing its previously announced acquisition, advancing development plans, and scaling its power-backed data center model. The Company's Annual Report on Form 10-K is available on the SEC's website at www.sec.gov. For the latest news and updates, the company's newsroom can be accessed at https://tinyurl.com/cbdwnewsroom.
Forward-looking statements in this press release involve inherent risks and uncertainties, and actual results may differ materially from those projected. Factors include reliance on unaudited statements, the need for additional funding, competitive pressures, and demand for products and services. Readers should consider the risk factors detailed in the Company's most recent reports on Forms 10-K and 10-Q.
