AIB Data Centers Inc. (NYSE American: AIB) announced on Sept. 30, 2026, that it has entered into a binding agreement with Nebius (Nasdaq: NBIS) for 50 MW of critical IT capacity at AIB's facility located in the southeastern United States.

The agreement carries an initial term of 12 years, and the announcement sent a clear signal about AIB's strategy of converting secured power resources into long-term contracted revenue with leading AI infrastructure companies.

Financing Structure Designed to Limit Dilution

AIB expects that customer prepayments under the initial 12-year term, together with project-level debt and preferred equity, will fund a substantial portion of the initial development costs for the 50 MW data center project.

According to the company, this structure is intended to significantly reduce AIB's anticipated need for corporate-level common equity and limit potential dilution to shareholders. The company described this as a capital-efficient path to develop the initial capacity, with its focus now turning to execution and delivering on schedule.

Power Position Backs the Contract

The contracted capacity is supported by AIB's previously announced 15-year Electric Service Agreement for 65 MW of utility load at the site, which requires no significant additional electrical infrastructure upgrades. AIB expects to deliver the capacity in two data halls. That existing power position was central to the deal, according to Nebius.

"Time-to-power is the binding constraint on AI infrastructure today, and AIB's existing power position gave us a clear path to bringing this capacity online on a timeline that works for our customers," said Andrey Korolenko, Chief Product and Infrastructure Officer at Nebius. "This agreement adds dedicated capacity in the southeastern United States for training and inference workloads."

Nebius is described as a leading AI cloud company, providing full-stack AI infrastructure for developers and enterprises building next-generation applications.

Executive Perspective on the Strategy

For AIB, the agreement is framed as a validation of the company's broader approach. "Signing Nebius represents a transformational milestone for AIB," said Jerry Tang, Chief Executive Officer of AIB Data Centers.

"Our strategy is straightforward: secure power in attractive markets and convert that power into long-term contracted revenue with leading AI infrastructure companies. This agreement validates that strategy."

Tang added, "We believe we have a capital-efficient path to develop the initial capacity. Our focus now turns to execution and delivering on schedule."

Recent Milestones and Expanding Portfolio

The agreement follows several recent milestones for AIB, including the completion of a strategic acquisition in Texas that increased the company's total contracted power capacity to approximately 120 MW.

AIB is supported by an experienced leadership team with backgrounds at AWS, Amazon and Vantage Data Centers. According to the company, it continues to advance its remaining power portfolio and pursue additional long-term agreements with leading AI and high-performance computing customers.

About AIB Data Centers

AIB Data Centers Inc. is a developer and operator of digital infrastructure focused on AI hosting and high-performance computing workloads. The company's platform combines access to reliable, scalable power resources with modular infrastructure deployment designed to accelerate the development of next-generation compute capacity.

Forward-Looking Statement Considerations

The announcement included a forward-looking statements disclosure under the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The company cautioned investors not to place undue reliance on any forward-looking statements, which speak only as of the date of the press release.

Among the risks cited in the disclosure are the timely completion and commissioning of the data center, the ability to achieve and maintain required service-level standards, conditions for the release of escrowed funds, changes in demand for data center and colocation services, and construction, permitting, and regulatory approvals.

The company also flagged risks related to the financial condition and creditworthiness of Nebius Inc. and its parent, Nebius Group N.V., as well as general economic, market, and business conditions, and other risks and uncertainties described in filings with the Securities and Exchange Commission, including the most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.

The company stated it undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

Investor relations for AIB is handled by MZ Group – MZ North America, which can be reached at [email protected].

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