AIB Data Centers Signed 50 MW Colocation Deal
The firm, formerly a Bitcoin miner, secured a 12-year contract with Nebius to supply critical IT load.
Updated on Sept. 30, 2026 in Data Centers
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AIB Data Centers has entered a 12-year agreement to provide 50 megawatts of capacity to Nebius from its South Carolina campus. This deal marks the company's full pivot from crypto infrastructure to enterprise data centers.
Why it matters
The transition replaces volatile Bitcoin mining revenue with predictable, long-term cash flows. This shift enables the company to capitalize on the surge in demand for high-density AI and cloud compute capacity.
The 12-year deal for 50 megawatts of power is projected to generate between $90 million and $100 million in annual revenue. The contract includes a 3% annual revenue escalator to account for rising operational costs.
The players
AIB Data Centers
A developer of power-intensive infrastructure that currently manages 140 megawatts of capacity under development.
Nebius
An Amsterdam-based firm managing a large-scale global portfolio of over 3.5 gigawatts of contracted power.
The details
AIB utilizes a power-first development model that prioritizes securing utility electricity agreements before beginning construction on facilities. The company converted its infrastructure by decommissioning the crypto mining rigs it formerly operated under the name BlockchAIn Digital Infrastructure. This campus, designated CLT-01, leverages 65 megawatts of utility power to provide the colocation space necessary for Nebius's operations.
Timeline
June 2026: AIB decommissioned its Bitcoin mining operations.
End of 2026: Target date for Nebius to reach 4 gigawatts of total contracted power.
Second half 2027: Expected commencement of revenue generation from the contract.
The Tech Race
AIB is competing in a crowded infrastructure market where power availability is the primary constraint on growth. The company’s 570-megawatt total power pipeline places it in a race to capture sustained demand from hyperscalers and AI firms.
This transition signals a shift toward local industrial growth in South Carolina as the campus prepares for large-scale compute operations. Revenue generation is not scheduled to commence until the second half of 2027.
The takeaway
The move demonstrates a broader industry shift where crypto miners are repurposing their power-rich sites to serve the AI and cloud sector. Investors and industry observers should watch the firm's progress toward the second half of 2027 for the first confirmed revenue reports.
Further reading
For more on infrastructure trends, explore our Data Centers coverage.
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