On August 11, 2026, 1606 Corp. announced a strategic agreement with MDM Group LLC to market its planned approximately 132-acre East Texas (Lufkin) power campus. The facility features approximately 55 MW of behind-the-meter generation and an existing industrial site targeted for AI infrastructure development. MDM Group will identify prospective buyers, capacity off-takers, and joint venture partners under a success-fee-only arrangement with no upfront retainer. The company is evaluating pathways including long-term leases, strategic joint ventures, and additional financing. The Purchase and Sale Agreement extends through October 31, 2026. Pending litigation regarding tax and insurance suits is set for trial on August 17, 2026. 1606 Corp. operates in the energy and digital infrastructure sector, focusing on acquiring and developing power assets to support AI and high-performance computing demands.
