Modular Data Center Operator BluSky AI to Lease Land in Oklahoma
BluSky AI, a modular data center operator, will lease 5 acres in Mulhall, Oklahoma, for its seventh data center project. The lease agreement includes a term of 10 years with the option to extend twice for five years each.
Lease Terms and Location
Mulhall is situated north of Oklahoma City, an area known for its dense data center clusters. BluSky AI will pay a base rent of $4,000 per month, plus $2,500 per megawatt per month for energy use up to 16.3 MW. For capacity beyond that, the rate decreases to $1,000 per megawatt per month.
Company Background
BluSky AI was previously known as Inception Mining, a mining company, before transitioning to modular data centers in April. Its first data center was launched a month later after signing an acquisition and power assignment agreement with Digital Asset Management LLC, a company owned by BluSky's CEO and based in Wyoming.
"BluSky AI, not to be confused with social media service Bluesky, was previously a mining company known as Inception Mining before rebranding as a modular data center company in April."
The company formerly operated the Clavo Rico gold mine in Honduras, which it has since sold to Mother Lode Mining.
Recent Expansion Efforts
- In September, BluSky AI signed a letter of intent for a modular facility in Juab County, Utah.
- Secured land for developments in Milford, Utah; Wells, Nevada; and Huerfano County, Colorado.
Summary: BluSky AI is expanding its modular data center portfolio across multiple states, leveraging long-term leases and phased capacity growth to fuel its infrastructure ambitions.
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