The 65 MW power commitment removes a key bottleneck for AI/HPC tenant conversion at CLT-01. Monitor for signed customer contracts converting the 25 MW LOI pipeline into revenue-generating leases, and for the completion of the new data center shell over the next nine months. The $400k/month minimum charge creates a fixed cost floor that requires tenant revenue to cover.
Price Chart
Executive Summary
Blockchain Digital Infrastructure (AIB) executed a 15-year Electric Service Agreement with a local utility, expanding contracted power at its CLT-01 data center campus from 40 MW to 65 MW. The agreement secures up to 65,000 kVA of power starting December 15, 2026, with a $400,000/month minimum demand charge (half deferrable until end-2027 or 40 MW demand). This operational milestone supports the company's AI/HPC repositioning strategy and customer pipeline, but no revenue or earnings figures were disclosed.
Key Facts
- 15-year Electric Service Agreement signed May 27, 2026, effective October 1, 2026, replacing expiring contract
- Contracted utility load expanded from 40 MW to 65 MW at CLT-01 flagship data center campus
- Initial power delivery targeted for December 15, 2026; no significant electrical infrastructure upgrades required
- Minimum monthly demand charge of $400,000; $200,000/month deferrable without interest until December 31, 2027 or 40 MW demand reached
- Company must prepay a $250,000 infrastructure early termination fee, creditable against future power bills
- Customer pipeline includes letters of intent representing 25 MW of committed critical IT load from a leading AI company and a financial institution
- New AI-optimized data center shell expected to be completed over the next nine months
Financial Impact
Minimum monthly demand charge of $400,000 (annualized $4.8M); $250,000 infrastructure early termination fee prepaid
Risk Factors
- Power delivery start date of December 15, 2026 is subject to commercially reasonable efforts and force majeure; 180-day failure-to-accept termination right exists
- Full $400k/month minimum charge becomes payable in cash after December 31, 2027 or upon reaching 40 MW demand, creating cash flow pressure if tenant revenue lags
- Rate Schedule I (Industrial) and Service Regulations are subject to change by the utility or regulatory authority, potentially increasing power costs
- Customer pipeline LOIs may not convert to definitive contracts
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-063565 |
| Document: ea029232801ex10-1.htm | 0001213900-26-063565 |
| Document: ea029232801ex99-1.htm | 0001213900-26-063565 |
| Document: 0001213900-26-063565-index-headers.html | 0001213900-26-063565 |
| Document: 0001213900-26-063565-index.html | 0001213900-26-063565 |
| Document: 0001213900-26-063565.txt | 0001213900-26-063565 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $1.16 | awaiting T+60 | — | $0.9201 (−20.68%) |
Oct 7, 2026 19d ago | 8-K | $1.50 | awaiting T+60 | — | $0.9201 (−38.66%) |
Oct 1, 2026 24d ago | 8-K | $1.64 | awaiting T+60 | — | $0.9201 (−43.90%) |
Sep 30, 2026 26d ago | Press Release | $1.33 | awaiting T+60 | — | $0.9201 (−30.82%) |
Sep 10, 2026 6w ago | 8-K | $1.37 | awaiting T+60 | — | $0.9201 (+32.84%) |
Aug 19, 2026 9w ago | 8-K | $1.44 | awaiting T+60 | — | $0.9201 (+36.10%) |
Aug 14, 2026 10w ago | Press Release | $1.82 | awaiting T+60 | — | $0.9201 (+49.45%) |
Jun 29, 2026 16w ago | 8-K | $2.12 $1.46 | ▼ −31.13% | ▼ −34.70% | $0.9201 (−56.60%) |
Jun 18, 2026 18w ago | 8-K | $2.34 $1.30 | ▼ −44.44% | ▼ −46.19% | $0.9201 (−60.68%) |
Jun 9, 2026 19w ago | Press Release | $1.62 $1.26 | ▲ +22.22% | ▲ +28.80% | $0.9201 (+43.20%) |
US Market Status
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