Company: BSAI
Filing Date: 2025-07-07
Form Type: 8-K
Source: 0001096906-25-001096
Chunk: 0

Company: BLUSKY AI INC.
Filing Date: 2025-07-07
Form: 8-K
Item: Item 1.01
Chunk 0
---
Item 1.01 Entry into a Material Definitive Agreement.

On June 30, 2025, BluSky AI Inc, (the “ Company”) entered into an Acquisition and Power Assignment Agreement (the “ Acquisition Agreement”) with Digital Asset Management, LLC (“ DAM”), a Wyoming limited liability company, through which DAM assigned to the Company its exclusive right to utilize nine and three-tenths (9.3) megawatts (“ MW”) of solar and grid-interconnected power (the “ Power Commitment”) at Seller’s existing cost of $0.068 per kilowatt-hour (“kWh”), subject to adjustments, for the operational life of Buyer’s data center project located in the Milford area of Beaver County, Utah (the “ Project”). In exchange for the assignment of the Power Commitment in the Acquisition Agreement, the Company issued 20,000,000 shares of its restricted common stock to DAM. The term of the Acquisition Agreement is the length of the Project.

Additionally, on June 30, 2025, the Company entered into a Ground Lease with an Option to Purchase (the “ Lease”) with Wild Mustang Ventures LLC, a Wyoming limited liability company (the “ Landlord”), through which the Company leased 51.6 acres in Milford, Utah (the “ Milford Land”) for a two-year term. The base rent is $90,000 annually, which shall accrue until the earlier of the expiration of the lease or until the Company exercises its option to purchase the Milford Land. The Lease contains standard other provisions and includes a mutual indemnification clause which requires that the parties indemnify each other except in the case of gross negligence or willful misconduct. The

Item 9.01 Exhibits