NU E Power Corp. Acquires 500 MW of Power Assets from ACT Mid Market Ltd to Accelerate AI and BTC Infrastructure Expansion

Calgary, Alberta--(Newsfile Corp. - November 3, 2025) - NU E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) ("NU E" or the "Company") is pleased to announce it has entered into an asset purchase agreement (the "Asset Purchase Agreement") to purchase certain assets of ACT Mid Market Ltd. ("ACT"), a leading developer of hybrid power infrastructure and digital asset sites, in a strategic move to solidify NU E's position as a front-runner in the rapidly converging fields of renewable energy, data infrastructure, artificial intelligence (AI), and Bitcoin (BTC) mining (the "Acquisition").

Following the Acquisition, NU E's total targeted energy asset size will exceed 1 gigawatt (GW), taking the Company halfway to its 2 GW target of contracted power assets-marking a major milestone in its aggressive expansion strategy across North America and beyond. This positions NU E as a key player in the growing data center landscape, where global demand is increasing due to AI and cloud computing needs, projected to reach 78 GW by 2035. NU E fits perfectly with its existing, permitted, and expanding power capacity, offering net zero power sites through solar infrastructure and hybrid solutions. Aligning with the Canadian government's new strategy on data sovereignty, which emphasizes domestic control and security of critical data infrastructure, NU E can confidently say it has thrown its hat in the ring with a total project capacity of 1 GW.

Strategic Acquisition of certain assets of ACT Mid Market

ACT Mid Market Ltd., founded by Broderick Gunning, has rapidly emerged as a top-tier operator of mid-market energy sites tailored for AI compute, data centers, and Bitcoin mining. The acquisition marks a pivotal milestone for NU E, enabling the Company to transition from a renewable-first strategy to a multi-modal energy platform capable of hosting and scaling next-generation workloads. The assets being acquired represent 500 MW of energy projects utilizing solar, natural gas and electrical grid, capable of powering a variety of BTC and AI projects in Canada, Asia, South America and Africa. This acquisition supports NU E's growth through partnership strategy, positioning it in South America, Asia, and Africa to provide global coverage and offer customers a worldwide data infrastructure solution.