1606 Corp. has undergone a significant strategic shift, moving away from its initial hemp/CBD products and AI chatbot technology towards the acquisition and development of power infrastructure and energy assets to support data center and AI-related operations. The company reported no revenue for the year ended December 31, 2025, a decrease from $7,195 in 2024. Net loss decreased to $1,295,041 in 2025 from $4,514,971 in 2024, primarily due to a substantial reduction in operating expenses, mainly from lower stock-based compensation. A Purchase and Sale Agreement was signed on March 12, 2026, to acquire 132 acres in Angelina County, Texas, including a 55-megawatt power generation facility and a 50,000-square-foot climate-controlled warehouse, for $11,168,864. The Texas acquisition requires $7,000,000 in cash at closing, scheduled for April 15, 2026, but the company has not yet secured the necessary financing. The company has deposited $250,000 in nonrefundable earnest money for the Texas acquisition, funded by short-term notes from related parties. A non-binding Letter of Intent (LOI) was signed in November 2025 with Sim Agro Inc. for a potential controlling interest acquisition, with negotiations ongoing and no definitive agreement reached. The company's common stock is considered a 'penny stock' by the SEC, which can decrease liquidity and increase transaction costs. Management identified material weaknesses in internal control over financial reporting due to inadequate segregation of duties.