Marwynn Inks 24-Month MoU for $500M Solar-Powered AI Data Center in Grenada
MWYN has more than doubled off its 52-week low of $0.454 on elevated volume (5.9× avg).
Summary
Marwynn signed a non-binding MoU with Grenada National Resort to evaluate a solar-powered AI data center campus, with NexaCore Technologies leading development under Marwynn's oversight. The indicative project scale is about $500 million across solar and data center components — enormous next to a company with a roughly $48 million market cap and a going-concern warning in its FY2026 10-K. The MoU runs 24 months and can be terminated with notice, so nothing is committed yet. This is the second AI-infrastructure agreement in three weeks, following the October 9 OmniX MOU and the October 20 deal to buy Zhituo's platform core for 4 million pre-split shares. The gap between a $500 million indicative campus and $3,541 of cash at the last 10-Q is the whole story: execution and financing are unproven, and the pending proxy to quadruple authorized shares to 2 billion points to dilution as the likely funding path.
At the time of this announcement, MWYN was trading at $2.39 on NASDAQ in the Technology sector, with a market capitalization of approximately $48.2M. The 52-week trading range was $0.45 to $2.80. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.