New York, October 19, 2026 ( GLOBE NEWSWIRE ) – Valor Energy Inc (Nasdaq ticker: VAI ) (hereinafter referred to as “Valor Energy” or “the Company”) announced today that it has reached an agreement to acquire all issued equity of a company that operates a 18MW computing center in Yantstown, Ohio (hereinafter referred to as the “Yantstown Project”). This acquisition is still subject to due diligence and other closing conditions mentioned below, and there is no guarantee that the transaction will be completed according to the stated terms, or at all.

The Youngstown project is located at 1911 Youngstown Road, Mahoning County, Ohio Logan Avenue, covering an area of approximately 30,888 square feet. The site, which is already connected to the existing 23kV utility grid, has an apparent power capacity of about 18 megavolt-amperes ( MVA ). Valor Energy believes that this capacity has been approved and power has been connected. This figure represents the apparent power capacity at the site level and does not necessarily equate to the actual load that can be utilized by the data center operations ( IT ). The construction of the existing computing center has been completed; however, the company plans to transform this site into a AI data center, which will require additional design, construction, equipment, and licensing work.

In the United States, obtaining sites that are already connected to electricity is an important factor in the development of AI data centers, and such sites with large-scale, readily available power are often difficult to come by. Valor Energy believes that acquiring an existing facility rather than undeveloped land may help to shorten the time required to deploy AI computing power. However, there is still significant uncertainty regarding the timeline for such deployments, including the completion of acquisitions, subsequent construction and licensing, as well as the availability of financing. After the transaction is completed, the company plans to advance the development of the Yonkers project into a AI data center that will serve AI and high-performance computing workloads.

The transaction structure involves the acquisition of 100% equity in the entity holding the Yantai project, with a total cost of $3.6 million, which can be adjusted according to the terms of the agreement. The target company's existing premises, power supply arrangements, and related contracts are expected to continue to be maintained by the same entity after the delivery. The delivery is subject to a due diligence period of 30 working days from the effective date of the agreement, as well as several other conditions, including third-party and regulatory approvals; if possible, it is expected to be completed no later than the 90th working day after the effective date. Valor Energy may unilaterally terminate the agreement under certain circumstances during the due diligence period, including when it determines that the target company has provided false information; in such cases, its good faith deposit will be refunded. Valor Energy may complete the acquisition directly or through a designated subsidiary.

Valor Energy Strategic Advisor Dave Nichols stated: "This agreement is an important step in the Valor Energy AI data center strategy. The Yantstown site has a capacity of 18 megavolts amperes, which we believe has been approved and is already connected to power, a resource that can be quite difficult to obtain in this industry. We believe that this will, to some extent, shorten the time required to advance the deployment of AI computing power at this site, but the prerequisite remains the completion of the acquisition and further development work."

Regarding Valor Energy Inc.

Valor Energy Inc (Nasdaq ticker: VAI) is a company listed on NASDAQ that has historically focused on automobile trading and related services. Currently, it is pursuing a strategic transformation towards digital infrastructure, energy, and other growth areas. The company's goal is to establish a meaningful presence in the fields of AI in the United States and data center infrastructure. Green Energy Capital Asset Inc is a wholly-owned subsidiary of the company.

Tips on Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to: the expected timing, completion, and structure of the acquisition, including whether and when due diligence and other closing conditions will be met or waived; whether Valor Energy or a designated subsidiary will complete the acquisition and any such designated timeline; the company's plans to transform the Yonkers project into a AI data center, including the expected scope, cost, financing, and timing of related design, construction, equipment, and licensing work; the size of the available power capacity at the Yonkers project, and to what extent the apparent power capacity at the site level can be converted into available IT load; whether the land use, power supply, and other contracts of the target company after the closing will continue to be valid under the existing terms; and the company's broader strategy for establishing a presence in the AI and data center infrastructure sectors in the United States. These statements are based on current expectations and assumptions and are subject to risks and uncertainties, which may result in significant differences between actual results and expectations.

Such risks include, but are not limited to: due diligence conducted by Valor Energy may reveal unfavorable facts, or the target company may be deemed to have provided false or incomplete information, which could lead to the termination of the agreement; delivery conditions, including the consent of required third parties and regulatory approvals, may not be met or exempted within the expected time frame, or may not be met at all; the transaction may not be completed in accordance with the stated terms and schedule, or may not be completed at all; the apparent power capacity at the site of the Yantown project may not be convertible into the available IT load required to support the anticipated AI or high-performance computing workloads; converting existing facilities into a AI data center may require additional design, construction, equipment, licensing, interconnection, or financing, and these tasks may be more expensive, slower, or more uncertain than currently anticipated; after the delivery, the land use, power supply, or other contracts currently held by the target company may not be able to continue to be valid, renewed, or replaced under acceptable terms; financing availability and cost risks related to the acquisition and subsequent development; risks associated with the market demand for AI and high-performance computing infrastructure; as well as other risks described in the documents submitted by the company to the U.S. Securities and Exchange Commission.

Forward-looking statements are only valid as of the date of this press release. Except as required by law, the company assumes no obligation to update these statements.

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