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1606 Corp to acquire majority stake in Sim Agro, boosting power and data center infrastructure for AI markets

Company Fundamentals
04 May 2026
Na
View Source
Bullish
pluang ai news

1606 Corp has signed an agreement to acquire a majority controlling interest in Sim Agro Inc., a global power-plant operations company. This acquisition supports 1606's strategy to develop captive power and data center infrastructure tailored for AI and high-performance computing. The deal includes restructuring existing liens and integrating Sim Agro as the primary operator of 1606's power assets, including a 132-acre Texas property. This move aims to create a vertically integrated platform for captive power generation and data center infrastructure, enhancing 1606's position in the growing AI and data center markets.

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