Key Points
-
Interested in BlockchAIn Digital Infrastructure, Inc? Here are five stocks we like better.
-
BlockchAIn Digital Infrastructure is pivoting from Bitcoin mining to AI and high-performance computing hosting, using pre-powered, pre-zoned sites and modular data halls. The company has 65 MW of contracted power, about 140 MW under development and roughly 570 MW of identified capacity.
-
AIB said it has six active customer discussions, including lease negotiations for up to 65 MW of utility load and 50 MW of critical IT load. Proposed leases would generally run 10–12 years, with electricity passed through to tenants and annual rent escalators.
-
The company raised $63 million in the second quarter and ended June with $52.8 million in cash and no traditional debt. It plans to use project-level financing for construction rather than funding a potential 65 MW data center entirely from its corporate balance sheet.
BlockchAIn Digital Infrastructure (NYSEAMERICAN:AIB) outlined its strategy to convert powered land and former Bitcoin mining sites into facilities designed for artificial intelligence hosting and high-performance computing workloads, emphasizing secured utility capacity, modular construction and tenant-provided GPUs.
During a conference presentation, CFO Jolienne Halisky said the company follows a “power first” approach, meaning it does not begin development based on expected future interconnection. Instead, each site is intended to be supported by an executed energy services agreement, or ESA, and access to generation and transmission infrastructure.
→ Datavault AI Locks Down CyberCatch in $94M Security Rollup
Halisky said the company has 65 megawatts of contracted power, about 140 MW under development and approximately 570 MW of total identified capacity. She cited the company’s view that data-center power demand is growing more quickly than grid additions, while interconnection queues in major markets can stretch five to six years.
Focus on Powered Sites and Mid-Market Development
AIB Data Centers said its facilities are designed for AI and HPC deployments, with 150 kilowatts per rack, liquid cooling and N+1 redundancy. The company targets a nine- to 10-month delivery schedule by using pre-powered, pre-zoned sites and modular 10 MW data halls, according to Halisky.
→ Nasdaq’s 23-Hour Trading Push Could Turn Global Liquidity Into a Growth Engine
VP of Sales Gary Heitz said the company is concentrating on sites ranging from 50 MW to 150 MW. He said developments of that scale can be faster to build and may be less exposed to local moratoriums than larger campuses.
“The bottleneck is not the land,” Heitz said. “It is the utility agreements. It is the transmissions. It is the delivery schedules.”
→ Why Lowe’s Could Be a Bargain Before Housing Recovers
Heitz said the company’s team includes personnel with experience at companies including AWS, Digital Realty, Google and Dell, while its vendors and operating partners include firms such as CBRE, JLL and T5. Halisky said CEO Jerry’s background combines banking, infrastructure development, commercial real estate, power and data-center experience.
Lease Discussions and Commercial Structure
The company said it has six active counterparties in discussions across GPU cloud platforms, sovereign AI infrastructure platforms, bare-metal GPU marketplaces, AI silicon companies and hosted infrastructure platforms. One counterparty is in lease negotiations for 65 MW of utility load and 50 MW of critical IT load, Halisky said.
Under the terms AIB described, leases would generally have initial terms of 10 to 12 years, two five-year renewal options and modified net structures. Electricity would be passed through to tenants, while the company would retain certain landlord costs such as property management and taxes. Halisky said the company also seeks annual escalators of 3% or the greater of 3% and CPI, along with 12 months of prepaid rent.
Heitz said negotiations for master service agreements can take up to a year, though he said the company has advanced several discussions within three months. The company’s goal is to establish broader master service agreements that can support future service orders rather than renegotiating terms for each expansion, he said.
Transition Away From Bitcoin Mining
Halisky said AIB repurposed a previously operating 40 MW Bitcoin mining site for AI and HPC use during the first quarter. In March, the company began trading on the NYSE American and signed a letter of intent to lease 26 MW at the energized site. In May, it executed an ESA that increased power access to 65 MW and subsequently entered negotiations for a lease covering the full capacity, she said.
The company de-energized substantially all Bitcoin mining operations on June 5 after determining that its power cost exceeded the price it could charge Bitcoin hosting customers. Halisky said the company had been purchasing energy at $0.066 per kilowatt-hour and reselling it at $0.063 per kilowatt-hour.
She said the site has remained de-energized, creating a revenue gap while the company pursues its AI colocation strategy. Halisky said the company underwrites AI leases using a $0.07 per kilowatt-hour energy rate, with power costs passed through to tenants.
Second-Quarter Capital Position
In the second quarter, AIB raised $63 million in a follow-on offering with institutional investors and reported net proceeds of $59 million, Halisky said. The company ended June with $52.8 million in cash and no traditional debt.
Halisky said AIB does not plan to finance construction of a 65 MW data center entirely from its corporate balance sheet. On June 23, it formed AIBCLT1 LLC as a special-purpose entity intended to hold real-property interests, contracts and potential project-level financing. Corporate cash would fund development, deposits, long-lead equipment and the development team, while project financing would support construction, she said.
The company reported approximately 76 million shares outstanding and roughly 89 million fully diluted shares. Halisky also said SG&A expense rose to $2.7 million during the quarter as the company incurred costs associated with operating as a fully public company and building its development team.
About BlockchAIn Digital Infrastructure (NYSEAMERICAN:AIB)
BlockchAIn Digital Infrastructure Inc is engaged in the digital infrastructure business, providing data center operations and high-performance computing services. The company offers power infrastructure, hosting services, and equipment leasing to customers involved in blockchain computing, artificial intelligence, and high-performance data processing. Its operations include leasing space, power capacity, and equipment within data center facilities, as well as offering modular digital asset mining containers and related hardware and support services.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
The article “BlockchAIn Digital Infrastructure Targets AI Data Centers With 65 MW of Contracted Power” was originally published by MarketBeat.
View MarketBeat’s top stocks for August 2026.
