1606 Corp. Files Annual Report, Advancing Data Center Strategy

The company is repositioning itself to focus on power-backed data center infrastructure.

Mar. 31, 2026 at 2:53pm

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A photorealistic studio still life of a sleek, modern data center server rack made of polished stainless steel and black tempered glass, floating on a clean, monochromatic background and dramatically lit to conceptually represent the company's focus on energy-efficient data infrastructure.1606 Corp.'s power-backed data center infrastructure aims to deliver reliable, cost-efficient energy solutions for the growing AI and high-performance computing sectors.Phoenix Today

1606 Corp., a publicly traded company focused on building next-generation data center infrastructure powered by captive energy assets, has filed its Annual Report on Form 10-K with the SEC. The filing reflects the company's strategic shift toward acquiring and developing data center-ready facilities powered by captive energy assets, aligning with surging demand from AI and high-performance computing sectors.

Why it matters

1606 Corp.'s shift toward power-backed data center infrastructure positions the company to capitalize on growing demand for reliable, cost-efficient energy solutions in the data center industry, which is critical for supporting the increasing computational needs of emerging technologies like AI and high-performance computing.

The details

Key highlights from 2025 and early 2026 include the company signing a Purchase and Sale Agreement for a 132-acre site featuring a power generation asset and a 50,000 square foot data center-ready facility, establishing the foundation for a scalable infrastructure platform. 1606 Corp. has also entered into a non-binding Letter of Intent with Sim Agro Inc. to support power plant operations and engaged Moody to support capital markets strategy, financing initiatives, and transaction execution.

  • 1606 Corp. filed its Annual Report on Form 10-K with the SEC on March 31, 2026.
  • The company signed a Purchase and Sale Agreement for a 132-acre site in 2025.

The players

1606 Corp.

A publicly traded company focused on building next-generation data center infrastructure powered by captive energy assets.

Austen Lambrecht

Chief Executive Officer of 1606 Corp.

Sim Agro Inc.

A company that 1606 Corp. has entered into a non-binding Letter of Intent with to support power plant operations.

Moody

A firm that 1606 Corp. has formally engaged to support capital markets strategy, financing initiatives, and transaction execution.

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What they’re saying

“This 10-K reflects a transformational year for 1606 Corp. We've repositioned the Company around one of the most compelling opportunities in today's market-power-constrained data center infrastructure. With a signed acquisition, a clear growth strategy, and strong positioning in the market, we believe we are building a platform capable of generating significant long-term value for our shareholders.”

— Austen Lambrecht, Chief Executive Officer of 1606 Corp.

What’s next

As 1606 Corp. moves into 2026, the company is focused on closing its previously announced acquisition, advancing development plans, and scaling its power-backed data center model.

The takeaway

1606 Corp.'s strategic shift toward power-backed data center infrastructure positions the company to capitalize on growing demand for reliable, cost-efficient energy solutions in the data center industry, which is critical for supporting the increasing computational needs of emerging technologies like AI and high-performance computing.