AIB Data Centers details 120 MW portfolio and Nebius agreement

AIB Data Centers Inc. filed an investor presentation with the U.S. Securities and Exchange Commission, outlining its strategy to develop right-sized data centers for artificial intelligence and high-performance computing customers. The filing, submitted as an exhibit to an 8-K report, details the company's current portfolio metrics and its business model for securing contracted utility power before committing development capital.

According to the presentation, AIB holds approximately 120 MW of contracted utility power across its portfolio as of October 14, 2026. The company reports 50 MW of contracted critical IT capacity at its CLT1 site. The initial customer term is set at 12 years, with two five-year renewal options available. AIB identifies five named development sites across four metro markets. The company states that it secures utility agreements before committing development capital, a approach designed to limit reliance on corporate common equity through project-level funding structures.

The filing highlights a specific agreement with Nebius Inc., whose parent company is Nebius Group N.V. The presentation includes forward-looking statements regarding the anticipated completion of the data center, the expected commencement of colocation services, and the timing of escrow fund releases under the Master Colocation Services Agreement. AIB notes that factors affecting these outcomes include the financial condition of Nebius, construction timelines, and the availability of project-level financing.

Market data cited in the presentation indicates that global data center power demand is projected to grow from 82 GW in 2025 to approximately 220 GW by 2030. These figures are attributed to third-party sources, including the McKinsey Global Institute and the International Energy Agency, and are noted as not independently verified by AIB. The presentation states that approximately 70% of data center demand is expected to be AI-related by 2030. Data center electricity use worldwide is projected to reach 945 TWh by 2030, compared to 415 TWh in 2024.

Vacancy rates in major U.S. markets remain low, with Northern Virginia at 0.3% and Atlanta at 1.0% as of Q1 2026. The average wait for a new grid connection is reported at over four years, potentially reaching a decade in some markets. In Dallas-Fort Worth, 88% of capacity under construction is already pre-leased. AIB describes its role in the AI infrastructure chain as building and operating the powered facility, while customers like Nebius own the compute hardware installed inside.

The presentation includes standard disclaimers stating that the information is preliminary and subject to change. AIB disclaims any duty to update the information and notes that the material does not constitute an offer to sell securities or financial advice. The company emphasizes that actual results may differ materially from forward-looking statements due to risks related to infrastructure development, regulatory approvals, and market conditions.