On August 25, 2026, 1606 Corp. issued a press release updating its planned acquisition of the approximately 132-acre East Texas (Lufkin) power campus, which features an existing 55 MW biomass generation facility. The company engaged MDM Group LLC to identify prospective off-takers and strategic partners for AI and high-performance computing operations while also hiring a services provider to support plant recommissioning. The acquisition closing is scheduled on or before October 31, 2026, but remains subject to securing financing that has not yet been obtained. Substantial non-refundable amounts paid under the purchase agreement will be forfeited if the deal fails. 1606 Corp. operates in the infrastructure and energy sector, focusing on developing powered land and data center opportunities.
