Valor Energy Inc. Enters into Agreement to Acquire 18MW Computing Center in Youngstown, Ohio
Key Highlights
- ➤Valor Energy (VAI) agrees to acquire Youngstown computing center for $3.6 million
- ➤Youngstown facility has 18 MVA apparent power capacity under an existing 23kV interconnection
- ➤AI data center conversion requires additional design, construction, equipment and permitting
- ➤Closing faces 30-business-day due diligence and other conditions, expected by 90th business day
- ➤Valor Energy plans to serve AI and high-performance computing workloads after conversion
Expert Statements
Dave Nichols, Strategic Advisor to Valor Energy Inc.
“This agreement is an important step in Valor Energy’s AI data center strategy”
Dave Nichols, Strategic Advisor to Valor Energy Inc.
“The Youngstown site includes 18 megavolt-amperes of power capacity that we believe is already approved and energized, which can be difficult to secure in this industry.”
Dave Nichols, Strategic Advisor to Valor Energy Inc.
“We believe this reduces, though does not eliminate, the time needed to pursue AI computing capacity at the site, subject to completion of the acquisition and further development work.”
NEW YORK, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Valor Energy Inc. (Nasdaq: VAI) (“Valor Energy” or the “Company”) today announced that it has entered into an agreement to acquire all of the outstanding equity interests of the company that holds an 18MW operational computing center in Youngstown, Ohio (the “Youngstown Project”). The acquisition remains subject to due diligence and other closing conditions described below, and there can be no assurance that it will be completed on the terms described or at all.
The Youngstown Project is located at 1911 Logan Avenue, Youngstown, Mahoning County, Ohio, and includes a facility of approximately 30,888 square feet. The site has approximately 18 megavolt-amperes (MVA) of apparent power capacity under an existing 23kV utility interconnection with Ohio Edison, which the Company believes is already approved and energized. This figure represents site-level apparent power capacity and does not necessarily equal usable IT load for data center operations. Construction of the existing computing center is complete; however, the Company's planned conversion of the site into an AI data center will require additional design, construction, equipment and permitting work.
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