Edgemode, Inc. has signed a non-binding term sheet with Pure Data Centres Group Limited (Pure) for the potential acquisition of Edgemode's interest in land sites in Cordoba, Palma, Vianos, and Caceres, Spain. The land is intended for the development of hyperscale data centers by Pure. The transaction is structured as a share purchase agreement, with an option for Edgemode to enter into a joint venture (JV) with Pure to assist in data center development. A 60-day exclusivity period has been granted to Pure, during which definitive transaction documents are to be negotiated. The term sheet outlines a potential total consideration of up to €97.5 million for a 300MW data center, based on a per MW land value, with additional payments upon SPA execution and upon the project reaching Ready-to-Build status. Edgemode may also reinvest part of the consideration into a JV, potentially acquiring up to a 25% equity interest. Pure will fund pre-development costs, estimated at approximately €5 million per site, with any costs exceeding this amount to be deducted from the purchase price. Completion of the acquisition is contingent on securing necessary permits, an energy solution, and a binding customer contract.