Forum Markets Forms Joint Venture to Deploy AI Compute Infrastructure Across U.S.
Forum Markets has announced a joint venture with Edge Node AI to deploy inference artificial intelligence compute capacity across the United States. The initial deployment includes approximately 11 MW of energized capacity, fully allocated to long-term off-take partners. Forum expects revenue between $125 million and $175 million by 2027 without issuing new equity for this phase. The joint venture, named Forum Edge AI LLC, is majority-owned (51%) by Forum Markets with the remaining stake held by Edge Node AI. The initial portfolio includes a Dallas data center expanding from 2 MW to 4 MW and a High Point, N.C., campus offering up to 9 MW of power capacity. Additional sites are planned through agreements with SBA Communications Corporation. Each site will be managed in separate special purpose vehicles (SPVs), allowing for modular financing without cross-collateralization between projects. Equipment is being funded via customer deposits and equipment financing, while Forum and Edge Node AI may exchange equity stakes upon achieving certain milestones.
Tickers: $SBAC
Topics: AI infrastructure capital expenditures data centers revenue guidance