Stratum Holdings (SRTM) announced on 19 October 2026 a non-binding letter of intent to sell substantially all of its legacy real estate business, including brokerage, franchising, education, property management, mortgage and title services, to a newly formed subsidiary of an undisclosed buyer. The move supports its shift toward AI infrastructure and GPU leasing, following an earlier long-term lease of Nvidia B300 GPUs announced on 1 October 2026. The company says the sale would reduce liabilities, operating expenses and working-capital needs, and the buyer would assume certain trade payables, but it has not disclosed the consideration, asset valuation or completion date. CEO Nicholas Adler said the company aims to reach profitability in 2027, though no detailed forecasts were provided. The letter is non-binding apart from confidentiality and exclusivity terms, and completion depends on due diligence, a definitive agreement and regulatory approvals.
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