The franchising program is offered by MergersUK Limited, a UK Company with its registered office at 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.
MergersCorp M&A International provides strategic business advisory services, including preparing companies for growth and capital access. Through partnerships with licensed investment bankers, clients can access tailored capital-raising solutions.
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A portfolio of three energized energy infrastructure sites across the United States, offering 272 MW of currently energized capacity and approximately 944.5 MW+ of expandable capacity across 127 owned acres, with additional expansion land available.
Site
Energized Capacity
Expandable Capacity
Owned Land
Additional Land
Max. BTC Capacity / Year*
Paducah, KY
24 MW
244.5 MW
2 acres
Capped
12,225 BTC
Williston, ND
180 MW
450 MW
72 acres
+250 acres
22,500 BTC
Butte, MT
68 MW
250 MW
53 acres
+75 acres
12,500 BTC
TOTAL
272 MW
944.5 MW+
127 acres
325+ acres
47,225 BTC
*BTC figures represent the stated maximum annual capacity and should be subject to technical and operational validation.
KEY INVESTMENT HIGHLIGHTS
Energized Infrastructure in Place Transformers are already installed and operational across all three sites, providing energized infrastructure that can support further capacity deployment while reducing interconnection-related execution risk and development timelines.
Strategic Multi-Site Portfolio The opportunity comprises three geographically diversified sites in Paducah, Kentucky; Williston, North Dakota; and Butte, Montana, offering investors the ability to acquire the portfolio as a whole or pursue individual assets.
Immediate Offtake Potential Prospective offtakers are reportedly prepared to enter into lease agreements, creating the potential for near-term revenue generation upon deployment.
Financing Identified for Expansion Debt financing for the development of rack-ready whitespace has been arranged through multiple family offices, with capital reportedly available for deployment alongside an equity partner.
Transaction Options
Portfolio Acquisition: Equity investment of approximately $450 million for the complete portfolio.
Individual Site Acquisitions: Individual assets may also be considered for separate acquisition.
Pricing: Valuation and transaction pricing are subject to deal structure and agreed transaction terms.
Metric ($M unless noted)
Year 1 (272 MW)
Year 2 (500 MW)
Year 3 (650 MW)
Year 4 (850 MW)
Year 5 (850 MW)
Active Capacity (MW, Year-End)
272.0
500.0
650.0
850.0
850.0
Gross Revenue
$228.5
$420.0
$546.0
$714.0
$714.0
Power & Utility Expenses (Pass-Through)
($101.8)
($187.2)
($243.4)
($318.3)
($318.3)
Net Operating Revenue
$126.7
$232.8
$302.6
$395.7
$395.7
Site SG&A, Maintenance, Security, Insurance
($18.0)
($29.5)
($36.0)
($44.0)
($45.5)
Adjusted EBITDA
$108.7
$203.3
$266.6
$351.7
$350.2
EBITDA Margin (% of Net Operating Revenue)
85.8%
87.3%
88.1%
88.9%
88.5%
Senior & Subordinated Debt Service (P&I)
($42.5)
($45.0)
($45.0)
($40.0)
($35.0)
Maintenance Capex
($5.5)
($10.0)
($13.0)
($17.0)
($17.0)
Levered Free Cash Flow to Equity (FCFE)
$60.7
$148.3
$208.6
$294.7
$298.2
This financial model framework and preliminary investment analysis are prepared by MergerCorp strictly for confidential, informational, and illustrative purposes. The calculations, projections, and estimates contained herein are based on unverified operational disclosures, preliminary offtake intentions, and stated capacity figures provided by the sellers. MergerCorp has not independently audited the interconnection queues, transformer condition, environmental site assessments, power purchase agreements (PPAs), or stated annual Bitcoin production figures. This document does not constitute an offer to buy, sell, or finance securities or assets. Actual returns, construction timelines, capital expenditures, power costs, and operational outputs will vary materially based on market conditions, regulatory approval, network difficulty, commodity prices, and definitive transaction documentation.
A portfolio of three energized energy infrastructure sites across the United States, offering 272 MW of currently energized capacity and approximately 944.5 MW+ of expandable capacity across 127 owned acres, with additional expansion land available.
Site
Energized Capacity
Expandable Capacity
Owned Land
Additional Land
Max. BTC Capacity / Year*
Paducah, KY
24 MW
244.5 MW
2 acres
Capped
12,225 BTC
Williston, ND
180 MW
450 MW
72 acres
+250 acres
22,500 BTC
Butte, MT
68 MW
250 MW
53 acres
+75 acres
12,500 BTC
TOTAL
272 MW
944.5 MW+
127 acres
325+ acres
47,225 BTC
*BTC figures represent the stated maximum annual capacity and should be subject to technical and operational validation.
KEY INVESTMENT HIGHLIGHTS
Energized Infrastructure in Place Transformers are already installed and operational across all three sites, providing energized infrastructure that can support further capacity deployment while reducing interconnection-related execution risk and development timelines.
Strategic Multi-Site Portfolio The opportunity comprises three geographically diversified sites in Paducah, Kentucky; Williston, North Dakota; and Butte, Montana, offering investors the ability to acquire the portfolio as a whole or pursue individual assets.
Immediate Offtake Potential Prospective offtakers are reportedly prepared to enter into lease agreements, creating the potential for near-term revenue generation upon deployment.
Financing Identified for Expansion Debt financing for the development of rack-ready whitespace has been arranged through multiple family offices, with capital reportedly available for deployment alongside an equity partner.
Transaction Options
Portfolio Acquisition: Equity investment of approximately $450 million for the complete portfolio.
Individual Site Acquisitions: Individual assets may also be considered for separate acquisition.
Pricing: Valuation and transaction pricing are subject to deal structure and agreed transaction terms.
Metric ($M unless noted)
Year 1 (272 MW)
Year 2 (500 MW)
Year 3 (650 MW)
Year 4 (850 MW)
Year 5 (850 MW)
Active Capacity (MW, Year-End)
272.0
500.0
650.0
850.0
850.0
Gross Revenue
$228.5
$420.0
$546.0
$714.0
$714.0
Power & Utility Expenses (Pass-Through)
($101.8)
($187.2)
($243.4)
($318.3)
($318.3)
Net Operating Revenue
$126.7
$232.8
$302.6
$395.7
$395.7
Site SG&A, Maintenance, Security, Insurance
($18.0)
($29.5)
($36.0)
($44.0)
($45.5)
Adjusted EBITDA
$108.7
$203.3
$266.6
$351.7
$350.2
EBITDA Margin (% of Net Operating Revenue)
85.8%
87.3%
88.1%
88.9%
88.5%
Senior & Subordinated Debt Service (P&I)
($42.5)
($45.0)
($45.0)
($40.0)
($35.0)
Maintenance Capex
($5.5)
($10.0)
($13.0)
($17.0)
($17.0)
Levered Free Cash Flow to Equity (FCFE)
$60.7
$148.3
$208.6
$294.7
$298.2
This financial model framework and preliminary investment analysis are prepared by MergerCorp strictly for confidential, informational, and illustrative purposes. The calculations, projections, and estimates contained herein are based on unverified operational disclosures, preliminary offtake intentions, and stated capacity figures provided by the sellers. MergerCorp has not independently audited the interconnection queues, transformer condition, environmental site assessments, power purchase agreements (PPAs), or stated annual Bitcoin production figures. This document does not constitute an offer to buy, sell, or finance securities or assets. Actual returns, construction timelines, capital expenditures, power costs, and operational outputs will vary materially based on market conditions, regulatory approval, network difficulty, commodity prices, and definitive transaction documentation.
Description
A portfolio of three energized energy infrastructure sites across the United States, offering 272 MW of currently energized capacity and approximately 944.5 MW+ of expandable capacity across 127 owned acres, with additional expansion land available.
*BTC figures represent the stated maximum annual capacity and should be subject to technical and operational validation.
KEY INVESTMENT HIGHLIGHTS
Energized Infrastructure in Place
Transformers are already installed and operational across all three sites, providing energized infrastructure that can support further capacity deployment while reducing interconnection-related execution risk and development timelines.
Strategic Multi-Site Portfolio
The opportunity comprises three geographically diversified sites in Paducah, Kentucky; Williston, North Dakota; and Butte, Montana, offering investors the ability to acquire the portfolio as a whole or pursue individual assets.
Immediate Offtake Potential
Prospective offtakers are reportedly prepared to enter into lease agreements, creating the potential for near-term revenue generation upon deployment.
Financing Identified for Expansion
Debt financing for the development of rack-ready whitespace has been arranged through multiple family offices, with capital reportedly available for deployment alongside an equity partner.
Transaction Options
This financial model framework and preliminary investment analysis are prepared by MergerCorp strictly for confidential, informational, and illustrative purposes. The calculations, projections, and estimates contained herein are based on unverified operational disclosures, preliminary offtake intentions, and stated capacity figures provided by the sellers. MergerCorp has not independently audited the interconnection queues, transformer condition, environmental site assessments, power purchase agreements (PPAs), or stated annual Bitcoin production figures. This document does not constitute an offer to buy, sell, or finance securities or assets. Actual returns, construction timelines, capital expenditures, power costs, and operational outputs will vary materially based on market conditions, regulatory approval, network difficulty, commodity prices, and definitive transaction documentation.
Basic Details
Target Price:
$ 450,000,000
Gross Revenue
$228,500,000
EBITDA
$108,000,000
Business ID:
L#20261159
Country
United States
Detail
Published on September 18, 2026 at 8:02 am. Updated on September 18, 2026 at 8:02 am