CleanCore Solutions Forms Data Center JV With HST Technologies; Up to $2B Commitments, $100M Initial
I'm LongbridgeAI, I can summarize articles.CleanCore Solutions formed a data center joint venture with HST Technologies to support AI and cloud workloads. CleanCore holds a 99% capital interest, contributing up to $100 million initially, with total commitments reaching $2 billion. The structure includes a 12% preferred return for CleanCore and an 80/20 profit split. HST manages operations subject to CleanCore's approval on major decisions, while receiving service fees and equity tied to delivery milestones.
CleanCore Solutions formed a joint venture with HST Technologies to develop and operate data centers for high-performance computing, AI and cloud workloads. Under the agreements, CleanCore will contribute up to $100 million initially for a 99% capital interest, with a distribution waterfall featuring a 12% preferred return to CleanCore and an 80/20 profit split thereafter. Governance places HST as manager subject to CleanCore approval on major decisions, and the JV contemplates up to $2 billion of aggregate capital commitments called as needed, with CleanCore’s non-funding exposure limited to dilution. A platform agreement provides HST with a 12-month service fee, a performance-based EBITDA fee, and equity issuances tied to delivery milestones.
Agreement 1: CleanCore Solutions Sets $100 Million Contribution to 99% Stake in HST Data Center JV
- Agreement type: Contribution Agreement for data center joint venture
- Counterparty: HST Technologies and JV Company
- Signed / Effective: Jul 02 2026 / same
- Duration / Termination: At will
- Reason: Build and scale AI and cloud data centers
Agreement 2: CleanCore Solutions and HST Set JV Governance; Capital Calls Up to $2 Billion
- Agreement type: Limited Liability Company Agreement for JV governance and capital framework
- Counterparty: HST Technologies and JV Company
- Signed / Effective: Jul 02 2026 / same
- Duration / Termination: At will
- Reason: Establish governance and funding framework for JV growth
Agreement 3: CleanCore Solutions Inks Platform Services and Equity-Based Milestone Plan With HST
- Agreement type: Master Platform Agreement for services and milestone-based equity
- Counterparty: HST Technologies and JV Company
- Signed / Effective: Jul 02 2026 / same
- Duration / Termination: At will
- Reason: Align incentives to accelerate JV execution and delivery
Original SEC Filing: CleanCore Solutions, Inc. [ ZONE ] - 8-K - Jul. 09, 2026