SGLY Goes After the AI Gold Rush: 900 Acres, 25 MW Now and a Potential 99 MW Power Monster
Singularity Future Technology (NASDAQ:SGLY) is putting a much bigger bet on the U.S. AI infrastructure boom, announcing a non-binding strategic framework agreement with Florence Development LLC covering an approximately 900-acre industrial site in Florence, South Carolina. The headline number is eye-catching: the company says approximately 25 MW of existing or near-term grid capacity has been identified, with a potential pathway toward as much as 99 MW over roughly 24 months, subject to utility confirmation, interconnection approvals, permitting, financing and definitive agreements. In other words, this is potentially a sizable AI/HPC campus, but it is still a proposal rather than a shovel-ready data center.