AIB Data Centers signs 50 MW Nebius capacity deal

Customer prepayments under the initial term, project-level debt and preferred equity are expected to fund a substantial portion of development costs.

Rhea-AI Filing Summary

AIB Data Centers Inc. announced that a wholly owned subsidiary entered a binding agreement with Nebius for 50 MW of critical IT capacity at AIB’s facility in the southeastern United States, under an initial 12-year term. AIB expects to deliver the capacity in two data halls.

AIB expects customer prepayments under the initial term, project-level debt and preferred equity to fund a substantial portion of initial development costs, significantly reducing its anticipated need for corporate-level common equity and limiting potential dilution. The project is supported by a previously announced 15-year Electric Service Agreement for 65 MW of utility load, which requires no significant additional electrical infrastructure upgrades. Optional renewals could increase total contract value. A completed Texas acquisition increased AIB’s total contracted power capacity to approximately 120 MW.

Filing Explained

The press release identifies the parties’ ability to satisfy conditions for releasing escrowed funds as a project risk, making escrow release a specifically identified uncertainty in the deal.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Contracted critical IT capacity: 50 MW Initial agreement term: 12 years Data halls: 2 +3 more

6 metrics

Contracted critical IT capacity 50 MW At AIB’s southeastern United States facility under the Nebius agreement

Initial agreement term 12 years Nebius agreement

Data halls 2 AIB expects to deliver the contracted capacity in two data halls

Electric Service Agreement term 15 years Previously announced agreement supporting the contracted capacity

Utility load 65 MW Load covered by the Electric Service Agreement at the site

Total contracted power capacity Approximately 120 MW Following completion of the Texas acquisition

Key Terms

Master Colocation Services Agreement, critical IT capacity, project-level debt, preferred equity, +1 more

5 terms

Master Colocation Services Agreement technical

"entered into a Master Colocation Services Agreement with Nebius Inc."

critical IT capacity technical

"for 50 MW of critical IT capacity"

Essential computing resources and services a company needs to run its core operations—such as servers, networks, cloud capacity, data storage, security, and business applications. Investors care because shortages, outages, or underinvestment can halt sales, trigger regulatory fines, or damage reputation, while excess or well-scaled capacity supports growth and efficiency; think of it as a company’s power grid and plumbing—if it fails, everything else stops.

project-level debt financial

"together with project-level debt and preferred equity"

Debt raised to finance a single asset or development where repayment depends primarily on the cash flow and value of that specific project rather than the borrower’s other businesses or balance sheet. It is typically secured by the project’s assets and may be non-recourse or limited-recourse, meaning lenders have limited claims beyond the project. Investors care because this isolates credit risk to the project and affects how project returns, default risk, and parent-company exposure are evaluated.

preferred equity financial

"project-level debt and preferred equity"

Preferred equity is a type of investment that sits between common stock and debt in a company's financial structure. It typically offers investors priority in receiving dividends and getting their money back if the company runs into trouble, making it somewhat safer than regular shares. Investors value preferred equity because it provides a steady income stream while still allowing some participation in the company's success.

Electric Service Agreement technical

"previously announced 15-year Electric Service Agreement"

An electric service agreement is a contract that sets the terms for buying and receiving electricity, including price, length of service, delivery details and responsibilities of the supplier and customer. Think of it like a utility subscription or phone plan for power: it determines how much a buyer pays, how stable that cost is, and who handles outages or upgrades. Investors watch these agreements because they directly affect a company’s energy costs, revenue predictability and regulatory or market risk.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What capacity did AIB contract to provide Nebius?

AIB’s wholly owned subsidiary entered a binding agreement with Nebius for 50 MW of critical IT capacity at AIB’s facility in the southeastern United States. The initial term is 12 years, and AIB expects to deliver the capacity in two data halls.

How does AIB expect to fund the Nebius data center project?

AIB expects customer prepayments under the initial 12-year term, together with project-level debt and preferred equity, to fund a substantial portion of initial development costs. AIB said this is expected to significantly reduce its anticipated need for corporate-level common equity and limit potential dilution to shareholders.

Can AIB’s Nebius agreement be renewed?

The agreement includes optional renewals that could increase total contract value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/01/2026 - 05:04 PM Accepted by SEC EDGAR 10/01/2026 - 05:03 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 30, 2026

AIB Data Centers Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-43194		39-2631241
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1540 Broadway, Ste 1010, New York, New York		10036
(Address of principal executive offices)		(Zip Code)

(646) 493-2993

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.0001 par value per share		AIB		NYSE American LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging Growth Company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01. Regulation FD Disclosure.

On September 30, 2026, AIB Data Centers Inc. (the “Company”) issued a press release announcing the entry by one of its wholly-owned subsidiaries into a Master Colocation Services Agreement with Nebius Inc. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
99.1		Press Release of AIB Data Centers Inc. dated September 30, 2026.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: October 1, 2026	AIB Data Centers Inc.
	/s/ Jerry Tang
	Name:	Jerry Tang
	Title:	Chief Executive Officer

2

Exhibit 99.1

 

Source: AIB Data Centers Inc.

September 30, 2026 08:17 ET

AIB Data Centers Signs Contract with Nebius for AI Data Center Capacity

Optional Renewals Could Increase Total Contract Value

NEW YORK, Sept. 30, 2026 (GLOBE NEWSWIRE) -- AIB Data Centers Inc. (NYSE American: AIB) (“AIB” or the “Company”), a developer and operator of purpose-built data centers for artificial intelligence and high-performance computing, today announced that it has entered into a binding agreement with Nebius (Nasdaq: NBIS), the AI cloud company, for 50 MW of critical IT capacity at AIB’s facility located in the southeastern United States.

AIB expects the customer prepayments under the initial 12-year term, together with project-level debt and preferred equity, to fund a substantial portion of the initial development costs for the 50 MW project, significantly reducing AIB’s anticipated need for corporate-level common equity and limiting potential dilution to shareholders.

The contracted capacity is supported by AIB’s previously announced 15-year Electric Service Agreement for 65 MW of utility load at the site, which requires no significant additional electrical infrastructure upgrades. AIB expects to deliver the capacity in two data halls.

Nebius is a leading AI cloud company, providing full-stack AI infrastructure for developers and enterprises building next-generation applications.

“Signing Nebius represents a transformational milestone for AIB,” said Jerry Tang, Chief Executive Officer of AIB Data Centers. “Our strategy is straightforward: secure power in attractive markets and convert that power into long-term contracted revenue with leading AI infrastructure companies. This agreement validates that strategy. We believe we have a capital-efficient path to develop the initial capacity. Our focus now turns to execution and delivering on schedule.”

“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,” said Andrey Korolenko, Chief Product and Infrastructure Officer at Nebius. “This agreement adds dedicated capacity in the southeastern United States for training and inference workloads.”

The agreement follows several recent milestones for AIB, including the completion of a strategic acquisition in Texas that increased the Company’s total contracted power capacity to approximately 120 MW. Supported by an experienced leadership team with backgrounds at AWS, Amazon and Vantage Data Centers, AIB continues to advance its remaining power portfolio and pursue additional long-term agreements with leading AI and high-performance computing customers.

About AIB Data Centers

AIB Data Centers Inc. is a developer and operator of digital infrastructure focused on AI hosting and high-performance computing workloads. The Company’s platform combines access to reliable, scalable power resources with modular infrastructure deployment designed to accelerate the development of next-generation compute capacity.

For more information, visit https://www.aib.us/.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements regarding the anticipated completion of the Data Center, the expected commencement of colocation services, the achievement of service-level agreement compliance milestones, the Company’s expected capital structure and financing strategy for the project, including the anticipated use of customer prepayments, project-level debt, and preferred equity, the anticipated impact on the Company’s need for corporate-level common equity and potential dilution to shareholders, and the opportunity to expand capacity at the campus. Forward-looking statements are generally identified by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” and similar expressions, although not all forward-looking statements contain these identifying words. These forward-looking statements are based on the Company’s current expectations, estimates, and projections about its business and industry, the assumptions of management, and information available as of the date of this press release. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from those expressed or implied by the forward-looking statements. These factors include, but are not limited to: (i) risks relating to the timely completion and commissioning of the Data Center; (ii) risks related to the Company’s ability to achieve and maintain required service-level standards; (iii) the ability of the parties to satisfy the conditions for release of escrowed funds; (iv) risks related to the financial condition and creditworthiness of Nebius Inc. and its parent, Nebius Group N.V.; (v) changes in the demand for data center and colocation services; (vi) risks related to construction, permitting, and regulatory approvals; (vii) general economic, market, and business conditions; and (viii) other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. The Company cautions investors not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

AIB Investor Relations:

MZ Group - MZ North America
AIB@mzgroup.us

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 PRESS RELEASE OF AIB DATA CENTERS INC. DATED SEPTEMBER 30, 2026 11.4 KB

Other Documents

• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB