The Pulse
AIB Signs Nebius for 50 MW of U.S. Data-Center Capacity
AIB Data Centers announced a binding 12-year agreement to provide Nebius with 50 MW of critical IT capacity at a planned southeastern U.S. facility. The release describes the site’s power arrangements and expected financing, but does not pr
AI.info Team · Written with AI ·
On September 30, AIB Data Centers announced a binding 12-year agreement with Nebius for 50 megawatts of critical IT capacity at a facility in the southeastern United States. AIB expects to deliver the capacity in two data halls. Its announcement does not give a completion date or disclose the contract’s value, though it says optional renewals could increase total contract value.
A 50 MW customer commitment backed by 65 MW of utility load
The 50 MW figure refers to the data-center IT capacity contracted to Nebius. A separate 65 MW figure describes the utility load supported by a previously announced, 15-year electric service agreement at the site. AIB says that agreement requires no significant additional electrical infrastructure upgrades, but the announcement does not say the data halls are built or operational.
For Nebius, the capacity is intended for AI training and inference. Andrey Korolenko, Nebius’s chief product and infrastructure officer, said:
“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.”
Korolenko added that the agreement would provide dedicated capacity in the southeastern United States for training and inference workloads.
Prepayments and project financing are part of AIB’s plan
AIB expects customer prepayments during the initial 12-year term, alongside project-level debt and preferred equity, to cover a substantial portion of initial development costs. The company says that financing mix would significantly reduce its anticipated need for corporate-level common equity and limit potential shareholder dilution. It did not disclose the amounts, financing commitments or payment schedule.
The plan depends on delivery and commissioning, not just the power agreement. AIB’s release identifies timely completion, service-level standards, conditions for releasing escrowed funds, permitting and construction among the risks to its projections. The company also says the financing strategy and expected effect on potential dilution are forward-looking statements, not guaranteed outcomes.
The deal adds a customer to AIB’s broader power portfolio
AIB reported on September 14 that a Texas acquisition had raised its total contracted power portfolio from approximately 65 MW to approximately 120 MW. The acquisition covered two adjacent parcels totaling about 29.4 acres. One, a 5-acre parcel, had 15 MW of energized service and an existing building shell; the adjacent 24.4-acre parcel had 40 MW of contracted service under a facilities extension agreement, with that additional capacity under development.
The September 14 release said AIB paid approximately $11.2 million at closing from cash on hand, with a $6 million deferred balance secured by a standby letter of credit. Those company-wide portfolio figures are distinct from the 50 MW Nebius commitment and the 65 MW utility load at the southeastern site. AIB’s September 30 announcement does not identify that facility’s state.
The Nebius contract establishes a long-term customer commitment, while leaving key project details—including a delivery timetable, contract value and disclosed financing terms—unresolved in the company’s public release.