AIB Data Centers Inc. (NYSE American: AIB) disclosed on Sept. 30, 2026, that it has signed a binding agreement with AI cloud company Nebius (Nasdaq: NBIS) covering 50 MW of critical IT capacity at AIB's facility in the southeastern United States.

The contract carries an initial term of 12 years and ties Nebius to a slice of AIB's capacity that the company says can be brought online without major new electrical infrastructure.

Time-to-Power Drove the Deal

According to Nebius, the deciding factor was AIB's existing power position at the site. The contracted capacity is backed by a previously announced 15-year Electric Service Agreement for 65 MW of utility load, which AIB says requires no significant additional electrical infrastructure upgrades. AIB expects to deliver the 50 MW across two data halls.

"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 that provides full-stack AI infrastructure for developers and enterprises building next-generation applications.

Funding Through Prepayments, Not Common Equity

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

The company said this structure is intended to significantly reduce its anticipated need for corporate-level common equity and limit potential dilution to shareholders, describing it as a capital-efficient path to develop the initial capacity. With the agreement in place, AIB says its focus has shifted to execution and delivering on schedule.

AIB Frames the Contract as Strategy Validated

AIB chief executive Jerry Tang characterized the deal as confirmation of the company's operating model. "Signing Nebius represents a transformational milestone for AIB," Tang said.

"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." He added, "We believe we have a capital-efficient path to develop the initial capacity. Our focus now turns to execution and delivering on schedule." The announcement signals AIB's broader approach of converting secured power resources into long-term contracted revenue with leading AI infrastructure companies, with the Nebius contract serving as the most recent example.

Portfolio Growth Preceded the Agreement

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

AIB is supported by a 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.

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

Risk Disclosures Accompany the Announcement

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

Risks cited include 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 tied to the financial condition and creditworthiness of Nebius Inc. and its parent, Nebius Group N.V., along with general economic, market, and business conditions, and other risks 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.