Comstock, Sierra Springs Opportunity Fund tap Newmark to advise on Nevada powered land platform
LODE•Comstock disclosed that Sierra Springs Opportunity Fund engaged Newmark to advise on its 2,200-acre land, power and compute platform in Silver Springs, Nevada. The fund holds a 47.63% fully diluted stake in Comstock, and partner-selection updates are expected through the fourth quarter of 2026.
1. Newmark advisory role
Newmark will guide development strategy for the platform, run a competitive request-for-proposals process and evaluate potential development and operating partners. The fund controls about 2,200 acres and is targeting energy infrastructure and data center development in Northern Nevada.
2. Comstock’s stake
Comstock holds a 47.63% fully diluted stake in the fund, positioning it to benefit while aiming to curb its capital needs. The partner-selection process is scheduled, with updates expected through the fourth quarter of 2026.
