1606 Corp. (OTC: CBDW) has announced the execution of a Purchase and Sale Agreement to acquire a 132-acre property located in Lufkin, Texas. This property includes an existing power generation facility and infrastructure that is suitable for large-scale data center development. The total purchase price for the property is approximately $11.2 million, which consists of $7 million in cash payable at closing and the assumption of an existing mechanic's and materialman's lien of approximately $4.2 million. The acquisition is seen as a strategic move to secure power-backed infrastructure that is increasingly difficult to obtain, especially for next-generation data center deployment. The property is well-positioned for the deployment of data center infrastructure supported by on-site power generation, including a 50,000-square-foot warehouse designed for rapid deployment. The transaction is expected to close on April 15, 2026, pending customary closing conditions and due diligence. CEO Austen Lambrecht emphasized the importance of this acquisition in the company's strategy to partner with data center operators, highlighting the unique combination of acreage, infrastructure, and power availability that the site offers. Additionally, the company is in discussions with Sim Agro Inc. regarding a potential business combination, although no definitive agreement has been executed yet. This acquisition is expected to have a noticeable positive effect on the stock price as it aligns with the growing demand for data center capabilities and the increasing need for reliable power sources in the industry.

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