Innovation Beverage, a NASDAQ-listed company, has announced a non-binding letter of intent to acquire BlockFuel Energy Inc., a Texas-based firm, through a reverse triangular merger. This strategic move is aimed at expanding Innovation Beverage's footprint in high-performance data centers and the Bitcoin mining sector across North America. Although the financial terms of the acquisition have not been disclosed, the combined entity is projected to have a valuation between $220 million and $343 million.