Industry: Real Estate - Development
Ocean Power Technologies and Stratum Holdings Sign Letter of Intent for Proposed Strategic Collaboration to Demonstrate Offshore Renewable-Powered Data Center Assets
Ocean Power Technologies and Stratum Holdings signed a non-binding letter of intent to collaborate on offshore data center assets powered by wave, wind, and solar energy. Under the proposed deal, OPT would license PowerBuoy patents and provide prototype assets, while Stratum contributes GPU hardware including NVIDIA B300s and would pay OPT a monthly retainer under definitive agreements. The program aims to validate edge AI inference on renewable-powered marine platforms without a shore umbilical, with ocean cooling as a hypothesized efficiency advantage that has not yet been demonstrated. The LOI is non-binding and definitive agreements are not assured, so the announcement is exploratory rather than a committed commercial deal.
Stratum Holdings Corp. Announces Letter of Intent for Proposed Sale of Legacy Real Estate Businesses, Accelerating Pivot to AI Infrastructure and GPU Leasing
Stratum Holdings (formerly La Rosa Holdings) signed a non-binding LOI for a newly formed buyer subsidiary to acquire substantially all assets of its legacy real estate businesses, including brokerage, franchising, education, property management, mortgage and title operations. The divestiture is the key step in Stratum's transformation into an AI infrastructure company, following its October 1 acquisition of NVIDIA B300 GPUs under a long-term lease, and management targets profitability in 2027. The LOI is non-binding except for confidentiality and exclusivity; closing depends on due diligence, a definitive agreement, approvals, and lien releases, with no assurance the deal completes.
