Blockfusion Subsidiary Signs 15-Year Lease With CoreWeave

Blockfusion USA announced that its subsidiary, North East Data, signed a definitive 15-year anchor lease and companion expansion agreement with CoreWeave for capacity at a data center campus in Niagara Falls, New York.

While a non-binding letter of intent from June 2026 estimated the lease value at $175 million, Blockfusion did not disclose the final financial terms of the definitive agreement. The deal occurs as Blockfusion pursues a merger with Blue Acquisition Corp valued at approximately $450 million.

CoreWeave has not independently confirmed the lease through press releases or investor filings. The AI infrastructure company reported a net loss of $626 million for the quarter ending June 30, 2026, despite generating $2.575 billion in revenue.