Royalty Management Holding Corp (NASDAQ:RMCO) announced that it has restructured an existing subsidiary of Royalty Management Corporation to create a new, focused operating company called “The Vault Holding Corporation”.
The forward leaning royalty company said The Vault will focus on monetizing the company’s growing assets and opportunities in datacenter, artificial intelligence (AI) servers, and alternative currency mining sectors.
“The creation of The Vault is on the heels of a recent study we performed with ScoutCities that has successfully identified several sites within the company’s portfolio of owned or controlled properties that have exhibited attractive characteristics of being used for datacenters, AI, and other electricity-dominant industries, such as mining for alternative currencies," Royalty Management Holding CEO Thomas Sauve said in a statement.
“These site characteristics include, among other factors, favorable electricity rates in the range of mid to high 4 cents per kilowatt hour with datacenter-friendly utility providers, access to local fiber optic infrastructure for communication and internet, and expandable site footprints.”
The company noted that The Vault will be an audited subsidiary with potential for public spinoff as part of Royalty Management Holding’s expansion plans, capital optimization, and value driver.