09:08 AM EST, 11/19/2025 (MT Newswires) -- Blue Acquisition ( BACC ) and Blockfusion have agreed to a business combination deal.

The deal values Blockfusion at an implied pre-money enterprise value of $480 million, the companies said.

Upon consummation of the merger with the blank-check company Blue Acquisition ( BACC ), Blockfusion's business will be operated by the surviving public company, Blockfusion Data Centers, the companies said.

Blockfusion, a sustainable energy provider, is transitioning to become an AI data center, the companies said.

The business combination is expected to close in H1 2026, the companies said.