Blockfusion signs CoreWeave as anchor tenant at Niagara Falls data center campus

Type: Ppa · Technology: Data Center · Country: United States · Capacity: 85 MW · Value: $2.8B · Announced: 2026-09-18

Blockfusion USA, Inc. announced that its subsidiary North East Data, LLC has entered into a definitive 15-year anchor lease with AI cloud provider CoreWeave at Blockfusion's Niagara Falls, New York campus. The agreement includes 85 MW of guaranteed take-or-pay capacity, which Blockfusion previously estimated could generate approximately $2.8 billion in aggregate lease revenue over the initial term, or around $5.4 billion if both five-year renewal options are exercised. The campus, formerly a decommissioned power plant adapted from a cryptomine, is being reconfigured for high-density, liquid-cooled AI infrastructure. CoreWeave, which has moved from leasing capacity from cryptominers to hosting AI capacity, counts OpenAI, Microsoft, IBM, Nvidia, and Meta among its customers. The deal represents a defining milestone for Blockfusion, transforming a former industrial site into infrastructure for the next generation of computing and positioning Niagara Falls as a long-term technology and economic anchor for the region.

Analysis

Blockfusion USA, Inc., through its subsidiary North East Data, LLC, signed a 15‑year anchor lease with AI cloud provider CoreWeave for 85 MW of take‑or‑pay capacity at the Niagara Falls, New York data center campus. CoreWeave delivers accelerated compute resources and lists OpenAI, Microsoft, IBM, Nvidia and Meta as customers. The lease was announced on September 18 2026 and Blockfusion estimated the agreement could generate roughly $2.8 billion in lease revenue over the initial term and up to $5.4 billion if both five‑year renewal options are exercised. The campus, a former decommissioned power plant, is being reconfigured for high‑density, liquid‑cooled AI infrastructure.

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