Earnings release
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AIB Data Centers Reports 570 MW of Identified AI / HPC Capacity Potential in Second Quarter 2026 = Increased Contracted Power Capacity at Existing CLT - 01 Facility to 65 MW to Support Al and HPC Growth Strengthened Balance Sheet with $ 52.8 Million of Cash to Support Continued Growth Ended Quarter with $ 82.7 Million of Stockholders ' Equity NEW YORK , Aug. 14 , 2026 ( GLOBE NEWSWIRE ) -- AIB Data Centers Inc. ( NYSE American : AIB ) ( " AIB " or the " Company " ) , formerly BlockchAln Digital Infrastructure , Inc. , a developer and operator of digital infrastructure focused on artificial intelligence ( " AI " ) and high - performance computing ( " HPC " ) workloads , today reported financial results for the second quarter ended June 30 , 2026 . " This quarter we secured the two foundations that matter most at our stage : power and capital , " said Jerry Tang , CEO of AIB Data Centers . " We enhanced our power position with a 65 megawatts 15 - year electric service agreement , raised $ 63.3 million to strengthen our balance sheet , and completed our rebrand to AIB Data Centers . Now we're focused on turning it into signed , long - term AI and HPC contracts . " Second Quarter 2026 and Recent Operational Highlights • Contracted power capacity at the CLT - 01 data center with 65 MW 15 - year electric service agreement . The 65MW power supports site improvements to the existing data center and expands AIB's ability to serve growing Al and HPC infrastructure demand at the site . . • Strengthened financial position with the completion of an underwritten public offering that generated approximately $ 59 million in net proceeds , including the full exercise of the underwriter's overallotment , ending the quarter with $ 52.8 million in cash , $ 82.7 million in stockholders ' equity , and no traditional debt . Completed the Company's strategic rebrand to AIB Data Centers Inc. , reflecting its continued transition toward developing and operating infrastructure designed for Al and high - performance computing workloads . The Company's common stock continues to trade on the NYSE American under the ticker symbol " AIB . " • Advanced development opportunities for future Al infrastructure capacity , including a non - binding letter of intent and a $ 1.2 million refundable land deposit , made to a related party , in connection with the evaluation of an approximately 75 MW Al - focused data center campus , or MSP - 01 . No definitive acquisition , lease , or development agreements have been executed as of quarter end . • Identified approximately 505 MW of prospective AI and HPC capacity across five additional sites under evaluation , none of which is subject to a definitive lease , purchase or development agreement . Together with the 65 MW of contracted power capacity at the Company's existing CLT - 01 data center , this represents approximately 570 MW of identified capacity potential . • Expanded the Company's data center execution and commercial organization with the appointments of Christopher Iannacone as Director of Construction Execution , Gary Heitz as Vice President of Sales , Nicholas Ukachi as Project Manager , Joshua Fernandez as Senior Procurement Manager , Alex Ocello as Strategic Partner , Christopher Wong as VP Finance & Corporate Controller , and Ashwin Sewdass as VP Finance , Operations & Projects . The new additions to the team bring decades of combined experience across mission - critical infrastructure , hyperscale data center , and commercial development . Wong and Sewdass also bring significant financial and operational experience to the Company . Continued diversifying the Company's customer base as it transitions toward long - term Al and HPC infrastructure contracts , reducing historical customer concentration and positioning AIB for a broader commercial platform . • Temporarily de - energized the Company's legacy operations on June 5 , 2026. The Company is working to redeploy the site's existing power and infrastructure to support higher - density Al and HPC workloads .