NewsMV
(NYSE American: AIB) issued a shareholder letter dated October 7, 2026, highlighting the execution of a 12-year agreement with Nebius for 50 MW of critical IT capacity at its CLT1 data center campus.
The contract includes two potential five-year renewal periods and marks a shift for the company from assembling power sites to operating contracted AI infrastructure.
CEO Jerry Tang described the deal as commercial validation of the company's strategy to convert secured power into long-term revenue.
Tang outlined a financing plan for CLT1 that relies on contractual customer prepayments and project-level debt or preferred equity.
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