Acquisition Adds 55 MW of Contracted Power Capacity, including 15 MW Energized at Closing, Expanding AIB’s Total Contracted Portfolio from 65 MW to 120 MW
NEW YORK, Sept. 14, 2026 (GLOBE NEWSWIRE) -- AIB Data Centers Inc. (NYSE American: AIB) (“AIB” or the “Company”), a developer and operator of digital infrastructure focused on artificial intelligence (“AI”) and high-performance computing (“HPC”) workloads, today announced the completion of a strategic acquisition of two adjacent parcels totaling approximately 29.4 acres in Texas. The acquisition increases AIB’s total contracted power capacity from 65 megawatts (“MW”) to 120 MW.
The site comprises a 5.0-acre parcel with 15 MW of energized service and an existing building shell, together with an adjacent 24.4-acre parcel carrying 40 MW of contracted service under a new facilities extension agreement, with the additional capacity currently under development. With the additional capacity secured, AIB's commercial focus remains on converting its portfolio into long-term AI and HPC customer contracts, and the Company is in active discussions with prospective tenants.
AIB funded the approximately $11.2 million closing payment from cash on hand, with the $6.0 million deferred balance secured by a standby letter of credit issued by JPMorgan Chase Bank, allowing the Company to complete the acquisition without shareholder dilution or third-party debt financing. AIB closed the quarter ended June 30, 2026 with a strengthened financial position, including $52.8 million in cash, $82.7 million in stockholders' equity, and no traditional debt.
Access to energized power remains a principal constraint on the deployment of AI and HPC infrastructure. The 15 MW in service at closing, together with the existing building shell, is expected to shorten the timeline from acquisition to deployment, while the additional 40 MW under development provides a defined path to expand capacity on the same footprint. The site's approximately 55 MW of planned aggregate capacity is below the 75 MW threshold ERCOT and the Public Utility Commission of Texas use to classify “Large Loads” under the state's large-load interconnection framework, including the Batch Zero process, while remaining subject to applicable utility, interconnection and regulatory requirements.
"Power is the gating constraint in AI infrastructure, and energized capacity with existing infrastructure is increasingly scarce," said Jerry Tang, Chief Executive Officer of AIB Data Centers. "This acquisition expands our contracted power portfolio while adding a strategically located, scalable asset to our development portfolio. We believe the combination of available power, existing infrastructure, and additional contracted capacity can meaningfully compress the timeline from land acquisition to customer deployment while creating a strong foundation for future AI and HPC projects."
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.
For more information, visit https://www.aib.us/.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the development and energization of additional electrical capacity at the site in Texas, the anticipated timing of capacity deployment, the applicability and impact of utility and regulatory requirements, and the Company’s development pipeline and growth strategy. These statements are based on management’s current expectations and are subject to risks and uncertainties, including the timing and completion of utility construction and interconnection work, changes in applicable laws, regulations or utility requirements, the availability of capital, customer demand, and other factors described in the Company’s filings with the Securities and Exchange Commission. Actual results may differ materially. The Company undertakes no obligation to update any forward-looking statement except as required by law.
Investor Relations
Chris Tyson
Executive Vice President
MZ Group - MZ North America
Phone: (949) 491-8235
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www.mzgroup.us