Brightray Signs LOI for 10MW AI Data Center in Indiana

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Entertainment
Letter of Intent / LOI
Letter of Intent / LOI
IPO:
Aug 14, 2025
Industry:
AMUSEMENT & RECREATION SERVICES

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Brightray Signs Letter of Intent for Planned 10MW AI Data Center Project in Indiana

Singapore, Singapore, Singapore - Brightray Science Inc., a majority-owned subsidiary of BUUU Group Limited (Nasdaq: BUUU), announced that its wholly owned subsidiary, Brightray Veridian Pte. Ltd., entered into a letter of intent on October 6, 2026, with a US-based mission critical infrastructure partner for a planned 10MW AI data center project in Indiana, United States.

The project marks Brightray's first project letter of intent signed in the United States, expanding its operations into the world's largest data center market. Under the agreement, the partner intends to engage Brightray to deploy a 10MW prefabricated data center solution designed to support next-generation AI compute deployment.

Transaction Details

  • Project Location: Indiana, United States
  • Power Capacity: 10MW
  • Target Delivery: Within one year, utilizing prefabricated data center solutions
  • Partner Intent: Issue a purchase order by November 15, 2026

The facility is intended to be compatible with the NVIDIA GB300 computing platform and designed around Tier III standards with a target annual power usage effectiveness of below 1.2. By utilizing factory prefabrication in parallel with on-site works, Brightray aims to deliver the project within one year.

About BUUU Group Ltd

BUUU Group Limited, or BUUU, is a holding company incorporated in British Virgin Islands (“BVI”). BUUU is not a Chinese or Hong Kong operating company but is a holding company incorporated in the BVI. As a holding company with no material operations, BUUU conducts all of its operations through its operating entities, BU Creation Limited (“BU Creation”) and BU Workshop Limited (“BU Workshop”) (collectively, the “Operating Subsidiaries”), both of which are companies incorporated in Hong Kong. Investors in our Class A Ordinary Shares should be aware that they will not and may never directly hold equity interests in the Operating Subsidiaries, but rather purchasing equity solely in BUUU, the BVI holding company. This structure involves unique risks to the investors, and the PRC regulatory authorities could disallow this structure, which would likely result in a material change in our operations and/or a material change in the value of the securities BUUU is registering for sale, including that such event could cause the value of such securities to significantly decline or become worthless.

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