1606 Corp. Files Annual Report on Form 10-K, Advancing Data Center Strategy and Acquisition Pipeline

1606 Corp. (OTCID:CBDW) announced the filing of its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission, detailing a pivotal year of strategic repositioning. The company has shifted its focus towards acquiring and developing data center-ready facilities that leverage captive energy assets, aiming to meet the rising demand from AI and high-performance computing sectors. Key highlights include the execution of a flagship acquisition strategy, with a signed Purchase and Sale Agreement for a 132-acre site that features a power generation asset and a 50,000 square foot data center-ready facility. 1606 Corp. has also entered a non-binding Letter of Intent with Sim Agro Inc. to support power plant operations and engaged Moody for capital markets strategy and financing. CEO Austen Lambrecht stated that the 10-K reflects a "transformational year," emphasizing the company's strong positioning in the market through on-site power generation, which aims to provide reliable and cost-efficient energy to data center clients. Moving into 2026, the company plans to finalize its announced acquisition, advance development plans, and scale its power-backed data center model, which management believes has the potential for significant long-term value.