Plouton Group Announces Plouton Data Center I, Inc. and its $7,000,000 Series A Preferred Stock Offering to Build a Solar Powered Data Center in Southern California
Plouton Datacenter I, Inc. is offering this unique investment opportunity into a highly specialized sub-sector of the commercial real estate market that combines valuable California real estate with a Photovoltaic "PV" solar farm.
LOS ANGELES, May 13, 2020 /PRNewswire-PRWeb/ -- Plouton Group, LLC, a Delaware limited liability company (the "Sponsor") announced today the USD$7,000,000 private placement offering of Series A Preferred Stock in Plouton Datacenter I, Inc. (the "Issuer"), a Delaware corporation, being made solely to accredited investors under Rule 506(c) of Regulation D promulgated by the SEC under the Securities Act of 1933. The Issuer intends to invest 100% of the net proceeds of the Offering into Plouton Datacenter I, LLC, a California limited liability company (the "Operating Company"). The Operating Company intends to use the proceeds of the Offering that it receives from the Issuer to construct and operate a solar-powered Datacenter facility (the "Datacenter") on a 50-acre parcel of land in the Mojave, Kern County, California (the "Project Site"). The Project Site is uniquely situated to harness the tremendous renewable solar energy of the Mojave region. The Datacenter will be powered by renewable solar energy during peak hours and utilize electricity purchased from local utility companies during off-peak hours. This will allow the Operating Company to offer power at the Datacenter at a base price per kilowatt-hour that is 40%-70% less than competing data centers serving the same metro area. The Operating Company plans to market capacity in the Datacenter to "Fortune 1000" companies located in the Los Angeles metropolitan area.
Ramak J. Sedigh, Co-Founder and CEO of Plouton Datacenter, observed, "It has never been more profitable to produce electricity from the sun. Our offering hits the ESG trifecta of investment opportunity with a combination of renewable energy, real estate development ownership, and monthly dividend payouts. Given our team's combined sixty-three years of experience in real estate and technology markets, Plouton is well-equipped to deliver on our promise to investors."
At full initial projected capacity, the Datacenter is anticipated to house approximately 40 - 50 MW in computer server consumption supported by a surrounding PV solar farm capable of producing 40 to 50 MW of electricity. The solar facility built at the Project Site will be captive to the Datacenter solely supplying electricity directly to the Datacenter. As a result, Plouton Datacenter will be able to reduce the operational cost of electricity to a sub-fraction of the industry averages. This gives Plouton Datacenter an operational advantage to the rest of the industry where the price averages are 2 to 3 times higher.
For more information and details of the offering please visit https://www.ploutondatacenter.com/
For media inquiries, please contact Kili Wall at (310) 260-7901 or Kili[at]melrosepr[dot]com.
About the Offering
This press release is not a solicitation or offer to buy or sell securities, which may only be made at the time a qualified offeree receives the relevant confidential offering documentation, which contain important information about the investment and the risks of investing in it. Any potential offer would not be valid in a jurisdiction where the offer or sale of the securities is unlawful. Investments may be speculative, illiquid and carry a risk of loss. Information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
SOURCE Plouton Group
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