Edgemode Signs MOU with Spanish City of Mora for 300 MW Data Center Campus
EDGM has more than doubled off its 52-week low of $0.
Summary
Edgemode has signed a Memorandum of Understanding with the Spanish City of Mora to develop a 300 MW "DC Malpica" data center campus. The city has committed to investing €3 billion in the project alongside other technology companies. This is a significant step for the company, which reported no revenue and a $5.65 million net loss in Q1 2026 and faces substantial doubt about its ability to continue as a going concern. The MOU provides a formal framework for a large-scale project, offering some validation for Edgemode's ambitious plans in Spain. The MOU has an initial 24-month term, indicating a timeframe for further development.
At the time of this announcement, EDGM was trading at $0.00 on OTC in the Technology sector, with a market capitalization of approximately $4.8M. The 52-week trading range was $0.00 to $0.11. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.