555 Sellers St

1606 Corp. is set to acquire a 55MW power generation facility and a 50,000 sq ft warehouse in Lufkin, Texas, with plans to develop a significant data center. The acquisition includes approximately 132 acres of land and associated infrastructure. This facility is designed to operate as a behind-the-meter power source, specifically catering to the demands of AI and high-density computing workloads. The company's strategy involves building a portfolio of energy infrastructure to support the growing AI and data center market. The transaction, valued at approximately $11.67 million, is expected to close by March 11, 2026. 1606 Corp. also aims to acquire Sim Agro Inc. to manage operations at the Texas facility and bolster its overall generation platform.