RE: Target £10 near term20 Oct 2025 14:02
From the recent RNS on AI DATA CENTRE MAST will hold a controlling majority equity interest of 77.5% in any SPV under the JVA, CZM will hold 22.5%, and ongoing costs will be co-funded by MAST and CZM based on their respective shareholdings;
· MAST will have the right to appoint two directors and CZM one director to the board of any SPV under the JVA;
· MAST and CZM are already in discussions with various AI datacentre developers and owners to provide power supply;
· London is now second only to California as the world's largest AI datacentre hub;
· One of the world's biggest companies, the tech giant Nvidia recently announced that the UK will be an AI superpower as major US tech giants and institutional investment funds pledged tens of billions of pounds worth of investment in the UK AI ecosystem1;
· Nvidia also recently announced that the UK will have Europe's largest GPU cluster totalling 120,000 Nvidia Blackwell GPU's by the end of 2026 in a major boost for the UK's sovereign compute capacity2;
· Nvidia hailed £11 billion of total investment in the UK AI ecosystem2;
· The biggest single investment comes from Microsoft, which has announced a $30 billion (£22 billion) spending package in the UK - its largest ever outside the US1;
· It is part of a $42 billion (£31 billion) agreement, dubbed the "Tech Prosperity Deal", between the UK government and several US tech giants and institutional investment funds signed during President Donald Trump's recent unprecedented second state visit to the UK, which establishes a favourable policy climate and signals sustained governmental support; and
· Speaking to the BBC earlier this month, Nvidia CEO Jensen Huang said that in the UK he was hoping that more gas turbines could be used "off the grid so we don't burden people on the grid"3, which is firmly in line with MAST's business model.
What This Means for MAST:
· Validates business case: The scale of investments by Nvidia, Microsoft and others aligns with MAST's projections of rapidly increasing demand for AI datacentre power supply;
· Enhances partnership & customer opportunity: These large projects and investments by hyperscalers and infrastructure investors open doors for MAST to partner with or supply to major players in this space;
· Favourable policy & regulatory tailwinds: National and international momentum behind AI growth and infrastructure reduces execution risk and improves the regulatory environment; and
· Investor confidence: The alignment of MAST's strategy with high-profile investment and governmental initiatives offers greater visibility of growth opportunity.
Reaffirming MAST's Strategy:
· A pipeline to develop, acquire, construct and operate approximately 1 GW of AI datacentre power campuses in the UK over the next 36 months;
· Modular delivery in blocks of 25-50 MW enabling flexibility, scalability, and speed; and
· Phase 1 targeting ~100 MW of "shovel-rea