Signing Day Sports has announced its acquisition of blockchAIn Digital Infrastructure, which will involve the issuance of equity securities to the latter's shareholders.

In 2024, blockchAIn Digital Infrastructure reported unaudited revenues of $26.8 million and a net income of $4 million, highlighting its financial viability.

Once the merger is finalized, the combined company is expected to trade on the NYSE American.

The transaction is subject to customary due diligence, regulatory approvals, and other standard closing conditions, with a completion timeline expected within 45 days.

Following the announcement of the acquisition, shares of Signing Day Sports surged by 49.07% to $1.19 in premarket trading, indicating strong investor confidence.

This merger will allow blockchAIn Digital Infrastructure to operate as a wholly-owned subsidiary of Signing Day Sports, maintaining its existing management structure.

A key component of this strategy is the development of a modular facility in Texas, designed for flexible operations that can accommodate both crypto mining and AI hosting.

blockchAIn Digital Infrastructure currently operates a 40 MW crypto mining facility in South Carolina and is expanding to a new 150 MW facility in Texas, which is expected to be operational by late 2026.

Maxim Group LLC is acting as the exclusive financial advisor for blockchAIn Digital Infrastructure, while legal counsel is provided by Loeb & Loeb LLP and Bevilacqua PLLC for the respective companies.

The acquisition is strategically aligned with the growing demand for energy-efficient digital infrastructure, particularly in the expanding markets of crypto mining and artificial intelligence.

Danny Nelson, CEO of Signing Day Sports, views this acquisition as a strategic entry into the rapidly evolving digital infrastructure market, emphasizing the benefits of partnering with a revenue-generating company.

As of the end of 2024, Signing Day Sports reported holding $181,271 in cash and equivalents, suggesting a need for significant growth to support the acquisition and future expansion.