Blue Acquisition Updates Blockfusion Merger Presentation with $2.8B CoreWeave Lease Revenue Forecast
BACC is trading near its 52-week low of $9.96 (5.4% above the low) on light trading volume (0.2× avg).
Summary
Blue Acquisition Corp filed an updated investor presentation for its Blockfusion merger, disclosing $2.8B in anticipated CoreWeave lease revenue, a $450M pre-money valuation, and financial forecasts showing EBITDA turning positive in 2028.
Key Events · M&A and Partnerships · BACC
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CoreWeave Anchor Lease Revenue Quantified
The presentation discloses approximately $2.8 billion in anticipated revenue across 85MW over the initial 15-year lease term with CoreWeave, expanding to approximately $5.4 billion if all renewal options are exercised for 25 years.
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Blockfusion Valued at $450M Pre-Money
Transaction summary shows Blockfusion valued at $450 million pre-money equity value, with illustrative pro forma equity value of $729.7 million at a $10.00 share price and 73.0 million shares outstanding.
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Financial Forecasts Show EBITDA Inflection in 2028
Management forecasts show Net Revenue growing from $47M (2027) to $153M (2029), with EBITDA turning positive at $21M in 2028 and reaching $104M by 2030.
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$920M Capex Required for HPC/AI Transition
The presentation estimates approximately $920 million in capital expenditures for the Tier 3 Niagara development through 2029, with $89.4M in 2026, $319.3M in 2027, $441.0M in 2028, and $70.7M in 2029.
Analysis · BACC · Real Estate & Construction
The updated investor presentation quantifies the Blockfusion merger economics for the first time: a $450M pre-money valuation, $2.8B in anticipated revenue from the CoreWeave anchor lease over 15 years, and detailed financial forecasts showing EBITDA turning positive in 2028. The presentation also reveals $920M in estimated capex required for the HPC/AI transition and assumes $200M in proceeds from the business combination. This comes against a backdrop of going-concern warnings and repeated merger deadline extensions, making the detailed financial roadmap material for shareholders evaluating the deal.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 29.6% of the 1615 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, BACC was trading at $10.50 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $293.6M. The 52-week trading range was $9.96 to $11.10. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.