1606 Corp. Secures Data Center Property Acquisition
1606 Corp., a company listed on OTC as CBDW, announced on March 17, 2026, that it has executed a Purchase and Sale Agreement to acquire a 132-acre property in Lufkin, Texas, which includes an existing power generation facility and infrastructure suitable for large-scale data center development, according to GlobeNewswire PE. The property features approximately 132 acres of land, along with improvements, equipment, and associated development rights, and includes a 50,000-square-foot warehouse designed to support rapid deployment of data center infrastructure.
Property and Infrastructure Details
The site encompasses land, improvements, equipment, permits, and development rights that position it for power-intensive applications such as data centers and digital infrastructure. According to the announcement, the power generation asset on the property was valued at $164 million in the most recent CBRE report, and 1606 Corp. has already received initial inbound interest from data center operators regarding potential power supply and facility lease arrangements. Management stated that the site’s combination of acreage, infrastructure, and power availability makes it well suited for high-density computing and data center development.
Acquisition Terms and Timeline
Under the agreement, the total purchase price is approximately $11.2 million, consisting of cash consideration at closing and the assumption of an existing lien associated with the facility. 1606 Corp. has made a substantial earnest money deposit and expects the transaction to close on April 15th, pending completion of customary closing conditions and due diligence, as detailed in the GlobeNewswire PE release. Additionally, Austen Lambrecht, CEO of 1606 Corp., noted that ‘This acquisition represents an important step in our strategy to secure power-backed infrastructure suitable for next-generation data center deployment,’ highlighting the challenges in securing properties with large acreage and existing power infrastructure.
Future Developments and Company Strategy
1606 Corp. is currently in advanced negotiations to acquire Sim Agro Inc., a privately held company focused on power-plant operations and energy infrastructure, which is expected to operate the power generation facility after the deal closes. This move aligns with the company’s efforts to build a platform for data infrastructure, as the property provides a foundation for future development and strategic partnerships. As a widely-known context, the demand for data center properties has grown due to increasing digital infrastructure needs, though 1606 Corp.’s specific actions here are based on their announcement.
