Range Impact, Inc. and C2 Ventures, LLC have announced the formation of a 50/50 joint venture to develop an artificial intelligence infrastructure platform on a former coal mining site in West Virginia, bringing together a broad portfolio of legacy industrial assets that the partners say are well-suited to meet the surging demand for power and computing capacity driven by AI.

Structure of the Joint Venture

The joint venture was formed between Range Sky View Land, LLC, a wholly owned subsidiary of Range Impact, and Time Complexity WV, LLC, a portfolio company of C2 Ventures.

Range Impact, headquartered in Cleveland, Ohio, trades on the OTCQB market under the ticker symbol RNGE and describes its core business as acquiring, reclaiming, and repurposing former industrial and mining properties throughout Appalachia.

C2 Ventures describes itself as an AI infrastructure development firm that creates platforms spanning power generation, hyperscale-ready digital infrastructure, industrial AI, advanced engineering systems, and technology commercialization.

The Fola Mine Complex

The site at the center of the joint venture is the Fola Mine Complex, located in Clay and Nicholas Counties, West Virginia.

The complex encompasses approximately 9,000 contiguous acres of land, and Range Impact holds more than 100,000 acres of associated mineral interests connected to the property.

Beyond the land itself, the site includes more than 100 miles of roads, a dedicated dual-served rail line, and access to multiple electrical transmission systems.

The company also reports that underground reservoirs on the property hold more than 650 million gallons of water.

According to the announcement, the combination of these physical assets provides a foundation for large-scale power generation and hyperscale-ready digital infrastructure development.

What the Partners Are Saying

Michael Cavanaugh, Chief Executive Officer of Range Impact, framed the deal as a significant step in the company's broader strategy to transform legacy industrial assets into infrastructure serving modern economic demands.

"This joint venture represents an important milestone in our strategy to transform legacy industrial assets into infrastructure supporting America's growing demand for energy and artificial intelligence," Cavanaugh said.

"We are excited to partner with C2 Ventures to advance the redevelopment of the Fola Mine Complex and create long-term economic value for our shareholders and the surrounding communities."

Brian Cohen, Managing Partner of C2 Ventures, pointed to the convergence of infrastructure assets on a single site as a distinguishing feature of the Fola platform.

"Artificial intelligence is driving unprecedented demand for reliable power and digital infrastructure," Cohen said.

"The Fola platform brings together strategic land, energy potential, water resources, and transportation infrastructure in a single location, creating a compelling foundation for next-generation AI development." Cohen described ambitions that extend well beyond the initial development phase.

"Our vision extends beyond a single project. Together with Range Impact, we are building an AI infrastructure platform designed to attract technology companies, engineering partners, energy providers, and long-term institutional capital," he said, adding that the partners view strategic infrastructure as "one of the defining assets of the AI economy."

Range Impact's Appalachian Strategy

Range Impact positions itself as a company focused specifically on the redevelopment of distressed industrial and former mining properties in the Appalachian region.

The company's stated mission combines environmental stewardship with the creation of what it describes as strategic infrastructure and high-growth assets intended to generate long-term economic development and shareholder value. The Fola Mine Complex joint venture is not the company's only recent activity.

In early June 2026, Range Impact announced a ten-million-dollar investment from Tacora Capital, and in late May 2026, the company announced that West Virginia attorney and business advisor Michael Simon had joined as a strategic advisor.

Those announcements suggest the company has been building out both its capital base and its regional advisory network in the weeks leading up to the joint venture announcement.

C2 Ventures' Platform Approach

C2 Ventures describes its development philosophy as one that integrates energy, compute, engineering, and long-term capital.

Through its portfolio companies, the firm says it pursues projects that span power generation, hyperscale-ready digital infrastructure, industrial AI, advanced engineering systems, and technology commercialization.

The creation of Time Complexity WV, LLC as a dedicated portfolio vehicle for the West Virginia project reflects that structure.

The firm's managing partner indicated that the joint venture is intended to function as a platform capable of drawing in multiple classes of participants, including technology companies, engineering partners, energy providers, and institutional investors, rather than serving as a single standalone development project.

Context: AI Infrastructure Demand

Both companies cited the growth of artificial intelligence as the driving force behind the project.

The demand for data centers and the power infrastructure required to run them at scale has intensified competition for large parcels of land with reliable access to electricity, water, and transportation resources that the Fola Mine Complex is said to provide in combination.

The dual-served rail line and access to multiple electrical transmission systems are particularly noted as assets relevant to large-scale infrastructure deployment.