Ethtry, the AQSE-listed company that combines an Ethereum treasury policy with renewable energy development, has refocused its strategy away from standalone battery storage toward solar-led projects and data centre infrastructure.
The shift follows grid connection reforms introduced by the National Energy System Operator in December 2025, which pushed back the likelihood of new standalone battery storage projects securing connection offers until the mid-2030s.
Ethtry has signed a non-disclosure agreement and begun in-depth due diligence on a US data centre project with a specialist AI data centre provider, though the parties and location remain confidential and no transaction structure has been finalised.
The company is also in joint venture discussions with a second data centre developer, a UK-based team holding more than 10 grid connection applications for smaller sites, which the board expects will "materially accelerate" its access to grid capacity.
Three UK solar sites are in active development with combined initial capacity of at least 15MW, subject to grid capacity and landowner agreements.
One Letter of Authority is in place, with two more being finalised to enable formal engagement with Distribution Network Operators.
Separately, quantum computing initiatives referenced in earlier announcements are no longer being progressed.
Ethtry is also in early-stage talks with a European renewable developer over additional UK solar sites, and continues engagement with Liechtenstein-based LTIN on digital asset infrastructure and settlement technologies following its strategic investment there.
The company plans to expand its operational and development team, with further updates expected as these workstreams reach definitive milestones.
