Moving Forward on Key Acquisition for 132 Acre Power Generation Facility for High Value Data-Center Industry: 1606 Corp (Stock Symbol: CBDW)

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$CBDW is Focused on AI Technology Development to Advance Scalable Energy and emerging Digital Infrastructure Projects

* Extensive Experience in Energy Generation and Infrastructure Development, Including Manufacturing and Datacenters.

* Demand for Cloud Services, AI, and Digital Infrastructure Grows Exponentially, Making High-Quality, Uninterrupted Energy Ever More Critical.

* Advancement of Acquisition Project for 132 Acre Texas Power Generation Facility with Extensive Utilities, Rail Access and a 50,000-Square-Foot Warehouse.

* Definitive Agreement Signed to Acquire Sim Agro to Develop, Acquire, and Operate Data Center and Power Assets.

* New Company to Provide Energy for AI Infrastructure and Data Centers.

* CEO Highlights Business Model, Growth Strategy and Market Opportunity in New Small Cap Voice Video Interview.

* Combining Operational Expertise with Strategic Energy Assets and Planning to Meet the Growing Global Demand for Reliable and Sustainable Power.

* Global Captive Power Generation Market, Valued at Approximately $227.9 Billion in 2025, is Projected to Reach $310.9 Billion by 2030.

* Data Center Power Infrastructure Market Expected to Expand from $20.2 Billion in 2024 to $42.4 Billion by 2030.

* Captive Energy Systems are Critical Enablers of AI Infrastructure, Ensuring Reliable, Low-Latency Power Delivery for Compute-Intensive Operations.

1606 Corp. (OTC: CBDW) is focused on building power infrastructure assets supporting AI, data center, and industrial demand. CBDW combines experience in technology, AI development, and public company operations to advance scalable energy and digital infrastructure initiatives.

CBDW leadership includes:

Austen Lambrecht, CEO - overseeing corporate operations, compliance, and capital markets strategy.

Gowri Shankar, Director - technology executive with expertise in SaaS, mobile advertising, venture capital, and AI program development.

Venu Aravamudan, Director - former senior executive at Oracle Cloud, AWS RDS, F5 Networks, VMware, and Microsoft, with over 30 years of experience in enterprise software and cloud infrastructure.

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CBDW Advances Power Acquisition Project and Financing

On June 3rd CBDW announced continued progress toward the acquisition of its power generation and infrastructure project, including the execution of an Amendment to its Purchase and Sale Agreement extending the closing date to October 31, 2026. CBDW currently anticipates completing the transaction prior to the extension deadline.

CBDW management has been actively engaged with a broad range of institutional investors, family offices, and energy-focused financing groups regarding both the acquisition and long-term development of the project. CBDW has received multiple indications of interest, term sheets, and proposed financing structures and is actively evaluating several opportunities.

The project consists of approximately 132 acres in Angelina County, Texas and includes an existing power generation facility, extensive utility infrastructure, rail access, industrial improvements, and a 50,000-square-foot warehouse.

CBDW believes the combination of existing power infrastructure, industrial improvements, strategic location, and future expansion potential creates a compelling platform opportunity capable of supporting significant long-term value creation.

Definitive Agreement to Acquire Sim Agro to Develop, Acquire, and Operate Data Center and Power Assets

On May 4th CBDW announced that it has signed a definitive agreement to acquire a majority controlling interest in Sim Agro Inc., a global power-plant operations and energy-infrastructure company. Sim Agro generates revenue by operating and consulting on power projects. The transaction is intended to support the CBDW strategy to develop captive power and data center infrastructure for the artificial intelligence and high-performance computing markets.

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Sim Agro is expected to serve as the primary operator of the growing CBDW portfolio of power and energy infrastructure.

Sim Agro Brings Immediate Strength and Global Reach

A global team spanning the U.S., India, South Korea, Europe, and the Middle East. 40+ years of combined experience developing and operating power-generation assets. $2.5 million in inventory providing immediate working assets and operational continuity.

Over the past year, the two companies have worked closely to combine public-market access with world-class power-generation expertise. This definitive agreement formalizes that vision, with Sim Agro becoming part of the public company and the core operating energy division supporting the CBDW expanding data-center and power strategy.

CBDW believes that integrating an experienced power-plant operator directly within the public company materially strengthens its ability to develop and scale captive power solutions for data-center customers.

CBDW intends to develop a platform focused on captive power generation, data-center-ready real estate and infrastructure, and energy solutions for high-density computing.

The combined CBDW company is building a vertically integrated platform delivering:

Captive power generation. Data-center-ready real estate and infrastructure. Energy solutions for AI and high-density computing.

Annual Report Filed, Advancing Data Center Strategy and Acquisition Pipeline

On March 31st CBDW announced that it has filed its Annual Report, Form 10K.

Key Highlights from 2025 and Early 2026 Include:

CBDW successfully repositioned its business toward acquiring and developing data center-ready facilities powered by captive energy assets, aligning with surging demand from AI and high-performance computing sectors.

Purchase and Sale Agreement for a 132-acre site featuring a power generation asset and a 50,000 square foot data center-ready facility, establishing the foundation for a scalable infrastructure platform.

Entered into a non-binding Letter of Intent with Sim Agro Inc. and working toward finalizing a definitive agreement for Sim Agro to support power plant operations.

With on-site power generation, CBDW is positioned to deliver reliable, cost-efficient energy directly to data center clients. This model has the potential to attract interest from customers seeking power and lease solutions.

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CEO Highlights Business Model, Growth Strategy, and Market Opportunity in New Video Interview

On March 26th CBDW announced that its Chief Executive Officer was featured in a new video interview with a comprehensive update on the Company's business model, leadership, recent milestones, and strategic priorities.

"Our mission is focused on developing data-center-ready facilities with captive power on site," said Austen Lambrecht, CEO of CBDW. "We are identifying and acquiring energy assets and pairing them directly with infrastructure designed to support AI and high-performance computing demand. Power is the critical bottleneck for data centers today, and our strategy is centered on controlling assets that already have power in place."

As part of its growth strategy, CBDW has focused on building a disciplined leadership team, refining its technology platform, and strengthening its corporate foundation. In the interview, Lambrecht shares his professional background and leadership approach, emphasizing the importance of execution, transparency, and long-term planning.

The full video interview conducted and published by Small Cap Voice available for viewing at: https://youtu.be/k66xzAT8HQg [https://www.globenewswire.com/Tracker?data=w9JOqyajM90jgWGMhBCErkfuKuk8xiaMq8iYIxLIFz9m8LY-qk7wKCuHx9UpcBFD45Xfk6x8Qr3I3o7aZf2hDYnKhLjc6z2hpSBvf64EbO1OtDmGljcNAyP4xnpjfKaj]

For more information on CBDW visit: http://www.cbdw.ai

Email: austen@1606corp.com [mailto:austen@1606corp.com]

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Media Contact
Company Name: 1606 Corp.
Contact Person: Austen Lambrecht, CEO
Email: Send Email [http://www.universalpressrelease.com/?pr=moving-forward-on-key-acquisition-for-132-acre-power-generation-facility-for-high-value-datacenter-industry-1606-corp-stock-symbol-cbdw]
Phone: (602) 481-1544
Address:2425 East Camelback Road Suite 150
City: Phoenix
State: AZ 8501
Country: United States
Website: http://www.cbdw.ai

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