AIB Data Centers (NYSE: AIB) outlines AI data center buildout and Q1 2026 results
Rhea-AI Filing Summary
AIB Data Centers Inc. filed a current report to furnish a July 2026 investor presentation outlining its AI-focused data center strategy and recent performance. The company positions itself as a pure-play AI data center developer with 65 MW energized, about 140 MW under development, and roughly 570 MW in its identified pipeline.
The presentation highlights a “power-first” approach, securing utility agreements and interconnection before committing capital, and targeting midmarket projects of 150 MW or less. Management reports Q1 2026 revenue of about $4 million, up 9% year over year, while gross margin compressed to 12% due to higher energy costs, leading to negative adjusted EBITDA of roughly $(0.2) million. Pro forma cash of about $60 million after a June 2026 equity offering and total assets of $36 million support its development plans.
Positive
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Insights
AIB outlines an ambitious AI data center buildout, but profitability is still early.
The presentation shows AIB Data Centers pivoting from bitcoin hosting to AI/HPC colocation with a power-first model. It already has 65 MW energized, ~140 MW under development, and a ~570 MW identified pipeline across several U.S. sites.
Financially, Q1 2026 revenue was about $4M, up 9% year over year, but gross margin fell to 12% as energy costs rose faster than billing rates, and adjusted EBITDA was about $(0.2)M. Total assets of roughly $36M, equity near $27M, and pro forma cash of about $60M after a June 2026 equity raise give some balance-sheet capacity for expansion.
The growth thesis depends on converting letters of intent into long-term leases and executing projects on the illustrated timelines through 2029. These capacity and EBITDA targets are explicitly labeled as illustrative rather than formal guidance, so future filings will be important to see how much of the pipeline contracts and energizes.
8-K Event Classification
Key Figures
Key Terms
Regulation FD Disclosure regulatory
Adjusted EBITDA financial
letters of intent (LOI) financial
modified NNN leases financial
Power Purchase Agreement (PPA) financial
pro forma cash financial
FAQ
What strategy does AIB Data Centers (AIB) highlight in its July 2026 investor presentation?
How much AI data center capacity does AIB Data Centers (AIB) report in operation and development?
What were AIB Data Centers’ Q1 2026 financial results presented to investors?
What does the investor presentation say about AIB Data Centers’ balance sheet and cash position?
How is AIB Data Centers (AIB) managing energy and margin pressures in Q1 2026?
What growth milestones and pipeline targets does AIB Data Centers outline?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Item 7.01 Regulation FD Disclosure.
On July 8, 2026, AIB Data Centers Inc. (formerly known as BlockchAIn Digital Infrastructure, Inc.) (the “Company”) released an investor presentation (the “Investor Presentation”) containing information regarding the Company’s financial position, business and operations that management of the Company intends to use from time to time in investor communications and conferences. A copy the Investor Presentation is attached hereto as Exhibit 99.1.
The information contained in the Investor Presentation is summary information that is intended to be considered in the context of the Company's filings with the Securities and Exchange Commission (“SEC”) and other public announcements that the Company may make, by press release or otherwise, from time to time. The Company undertakes no duty or obligation to publicly update or revise the information contained in the Investor Presentation, although it may do so from time to time as its management believes is warranted. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or through other public disclosure.
The information in this Item 7.01, including Exhibit 99.1, is “furnished” and shall not be deemed to be “`filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of such section, and shall not be deemed to be incorporated by reference in any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing. By filing this Current Report on Form 8-K and furnishing the information contained herein, the Company makes no admission as to the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD.
Forward-Looking Statements
This Current Report on Form 8-K and the Presentation furnished as Exhibit 99.1 contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results may differ materially due to a number of factors, including those set forth in the Company’s filings with the SEC, including the Company’s recent Annual Report on Form 10-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Investor Presentation, July 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.
| Dated: July 8, 2026 | ||
| AIB DATA CENTERS INC. | ||
| By: | /s/ Jerry Tang | |
| Name: | Jerry Tang | |
| Title: | Chief Executive Officer and President | |
2
Exhibit 99.1
AIB Data Centers Inc. Power First Compute Infrastructure Investor Presentation July 2026 NYSE: AIB
Forward - Looking Statements This presentation contains forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expectations, plans and prospects of AIB Data Centers Inc. (AIB), such as anticipated financial performance, growth strategy, data center development, power capacity, and potential commercial opportunities. These statements are based on current assumptions and are subject to risk and uncertainties that could cause actual results to differ materially, including AIB's ability to execute its business plan, secure and develop infrastructure and power resources, enter into definitive agreements, and general economic, market, regulatory and business conditions as well as the risks described in AIB's filings with the U.S. Securities and Exchange Commission. This presentation and any oral statements made in connection with this presentation shall neither constitute an offer to sell nor the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. This communication is restricted by law; it is not intended for distribution to, or use by any person in, any jurisdiction where such distribution or use would be contrary to local law or regulation. No Representations and Warranties This presentation is for informational purposes only and does not purport to contain all of the information that may be required to evaluate a possible investment decision with respect AIB or any of its subsidiaries. The recipient agrees and acknowledges that this presentation is not intended to form the basis of any investment decision by the recipient and does not constitute financial investment, tax or legal advice. No representation or warranty, express or implied, is or will be given by AIB or any of its respective affiliates, directors, officers, employees or advisers or any other person as to the accuracy or completeness of the information (including as to the accuracy, completeness or reasonableness of statements, estimates, targets, projections, assumptions or judgments) in this presentation or in any other written, oral or other communications transmitted or otherwise made available to any party in the course of its evaluation of a possible investment and no responsibility or liability whatsoever is accepted for the accuracy or sufficiency thereof or for any errors, omissions or misstatements, negligent or otherwise, relating thereto. The recipient also acknowledges and agrees that the information contained in this presentation is preliminary in nature and is subject to change, and any such changes may be material. AIB disclaims any duty to update the information contained in this presentation.
C O R PO R A T E O VER VI EW Pure - Play AI Data Center Developer, Powered by Secured Energy 65 MW Energized ~140 MW Under Development ~570 MW Pipeline Power - First Infrastructure ESA - backed sites, grid - tied for available generation and transmission AI - Optimized Design 150 kW/rack liquid cooling, N+1 redundancy, 9 – 10 month delivery Owner - Agnostic Platform Tenants bring their own GPUs — Modified NNN leases, no hardware risk Converting existing powered land infrastructure and brownfield sites into AI/HPC grade colocation facilities
Why power - secured infrastructure is the defining constraint of the AI era 21% Data Center Power Demand CAGR 11% U.S. Grid Share by 2030 $720B Grid Investment Needed U.S. DATA CENTER CAPACITY (GW) 2023 10 GW 2024 12 GW 2025 15.5 GW 2030E 95 GW Grid additions growing at ~2 - 3% annually vs 21% demand CAGR Source: JLL North America DC Report YE2025; Goldman Sachs Research 2026 C O R PO R A T E O VER VI EW Market Backdrop □ 5 - 6 year average interconnection queues in primary markets □ Projected power shortfall due to limited generation additions □ North American data center vacancy at 1% □ Powered land parcel prices rising dramatically □ Hyperscalers to spend >$1T on data center development
NYSE: AI Path to Success: 3 Keys Drive Every Decision at BlockchAIn 03 — A CCE S S T O P O W E R Power We secure executed utility agreements before breaking ground, targeting markets with available generation and transmission capacity, the critical bottleneck limiting AI growth. 03 — TE N A N T P I P E L I N E Pipeline Growing pipeline of Enterprise AI (HPC), Sovereign AI, and Neocloud Cloud Providers. Demand is outpacing capacity. 01 — D A T A C EN T ER EX P ER T S People Our team has delivered 3GW+ of data center construction and closed large hyperscale deals, with deep expertise across power, capital markets, and real estate to execute at scale. C O R PO R A T E O VER VI EW
Gary Heitz VP of Sales Hyperscale infrastructure deals Google and Dell; 25+ years in enterprise and infrastructure sales. Jolienne Halisky Chief Financial Officer CPA with 20+ years of senior finance roles at Deloitte, Siemens Energy, and Weatherford Eyal Rozen Chief Operating Officer Former Head of Sales, Nebius EMEA — AI cloud infrastructure Christopher Iannacone Director of Construction Execution 3GW+ of data center construction for AWS; Mission - critical engineer with 20+ years delivering data centers TOTAL INFRA REAL ESTATE TRANSACTIONS $40B+ 3GW + TOTAL DATA CENTER CONSTRUCTION EXPERIENCE People: Seasoned Management Team C O R PO R A T E O VER VI EW Jerry Tang Chief Executive Officer 20+ years as a senior executive in global banking and infrastructure development, with $40B+ in real estate and capital markets transactions.
Power: Path to Contracted MW Near - term LOI conversion translates secured power into long - dated infrastructure cash flows Illustrative development targets — not guidance or a forecast. The MW figures shown above are illustrative estimates only and do not represent commitments, guarantees, or forecasts of actual contracted capacity. Actual results may differ materially due to market, regulatory, infrastructure, and operational risks. These numbers are based on management assumptions and are subject to change . . C O R PO R A T E O VER VI EW 03 — IDENTIFIED ~570 MW Development Pipeline 02 — UNDER DEVELOPMENT ~140 MW Site Control & Build 01 — ENERGIZED 65 MW Contracted (CLT - 01) REVENUE START (RFS) LEASE SIGNING POWERED LAND AVAILABLE CAPACITY SITE H1 2027 H2 2026 Now 65 MW CLT - 01 H2 2027 H2 2026 Q3 2026 15 MW DFW - A — Phase I H1 2028 H1 2027 Q4 2026 75 MW MN Site H1 2028 H1 2027 Q1 2027 200 MW DEN - 01 H2 2028 H2 2027 Q3 2027 75 MW HSV - 01 H2 2029 H2 2028 Q2 2028 40 MW DFW - A — Expansion H1 2029 H1 2028 Q4 2027 100 MW CLT - 02 Across 6 active sites 570 MW TOTAL
SI T E SEL EC T I O N D I SC I PL I N E Power: Three Gates to Acquisition Every site clears all three gates in sequence before we commit capital. GATE 01 Power agreement Executed ESA and/or PPA in place GATE 02 Land control Ownership, PSA, or control mechanism GATE 03 Interconnection Substation / Distribution lines to the property OUTCOME Acquire HO W W E G RADE PO W ER AV AIL ABILIT Y Firm Power Signed ESA or FEA Conditional Power ESA effective once a PSA (or similar) is signed Speculative Power Power study under way
ST R A T EG Y & D I F F ER EN T I A T I O N Pipeline: Focus on Midmarket A disciplined, underserved niche — we don't compete head - on with the giants. ≤150 MW PER PROJECT · NO HYPERSCALER BUILDS A focused, repeatable model in an underserved segment. Multi - GW platform, 100MW at a time. de - risks WHY SMALLER DE - RISKS THE PLATFORM 01 Faster leasing Smaller footprints close lease negotiations quickly 02 Faster delivery Quicker to build, energize, and stabilize to cash flow 03 Simpler supply chain Fewer long - lead dependencies per project 04 Less pushback Lower community and permitting friction
Prospects shown anonymized; relationships represent active engagement, not definitive agreements. Pass - through energy costs Credit - backed contracts 10 - 25 year agreements Upfront deposit payments Annual price escalations Modified NNN structure Typical Lease Terms: P R O S P E C T A GPU Cloud Platform P R O S P E C T B Sovereign AI infrastructure platform P R O S P E C T D Bare - Metal GPU Marketplace P R O S P E C T E AI Cloud Infrastructure Operator LEASE UNDER NEGOTIATION 50 MW C R I T I C A L I T L O A D 65 MW Utility · 50 MW IT 10 - yr term + 2 î 5 - yr options Modified net · credit - backed Escalator: 3% or CPI, annual Downside - protected terms 12 - mo prepaid rent + deposit C O R PO R A T E O VER VI EW Pipeline: Active Commercial Dialogue P R O S P E C T C GPU Cloud Operator P R O S P E C T F AI Silicon and Hosted - Inference Platform
40 MW Secured NYSE Listing + LOI Signed +25 MW Secured 65 MW Leased +15 MW Secured +200 MW Secured Q1’26 Announced repurposing of existing energized CLT - 01 bitcoin mine for AI/HPC Mar’26 Began trading on NYSE and signed LOI to lease 26MW on existing energized site May’26 ESA signed to expand power access at CLT - 01 site to 65MW Q2/Q3’26* CLT - 01 lease agreement signed for full capacity +75 MW Secured Q4’26* Power secured at Minnesota site +215 MW Secured CY’27/CY’28* DFW - A 40MW expansion in lease negotiation HSV - 01 75MW acquisition signed CLT - 02 100MW in early stages Q1’27* DEN - 01 acquisition signed ** Illustrative target timeline - not guidance or a forecast. The MW figures shown above are illustrative estimates only and do not represent commitments, guarantees, or forecasts of actual contracted capacity. Actual results may differ materially due to market, regulatory, infrastructure, and operational risks. These numbers are based on management assumptions and are subject to change . . O P E R A T I N G F O O T P R I N T Growth Trajectory * Utility load shown Q3’26* DFW - A acquisition signed
NYSE: AIB B U I L T - I N A D V A N T A G E S ■ Previously cash flowing 40MW bitcoin mine, now increased utility capacity by 25MW following executed ESA in May 2026 ■ Clean, reliable, low - cost utility power supported by strong regional baseload generation ■ Pre - zoned for industrial / data center use; permits in weeks, not months ■ Outside flood zones; low seismic - risk region ■ Carrier - neutral connectivity with multiple fiber providers 65 MW Utility Load $0.07/kWh Firm Electricity Cost 150+ kW Max Rack Density 1.3 PUE Design Spec O P E R A T I N G F O O T P R I N T CLT - 01: Expanded Power Access for 65MW Turn - Key AI Colocation Campus
NYSE: AIB 9 – 10 M ON T H S AV G . Power Network ■ Fast - path to deliverable MW via pre - screened sites ■ Executed ESAs with utility counterparties ■ High execution certainty from day one ■ Redundant - feed, substation - ready design 9 M O NT HS B A S E - CA SE Modular Build ■ 10 MW modular data halls — deploy in phases ■ Pre - engineered structure; parallel civil work ■ Equipment procurement locked before NTP ■ 9 – 12 month delivery vs. 18+ months for traditional builds 8 KE Y V E N D ORS S E C U RE D Supply Chain ■ Long - lead electrical equipment secured early ■ Transformer & generator LOIs at site selection ■ Mitigate procurement risk & protect timelines ■ Domestic vendor relationships at scale Source: BlockchAIn management; Uptime Institute; McKinsey Global Institute I NF RA S T RU C T U RE & P A R T N E R NE T W O RK The Power of Execution Three integrated capabilities that compress timelines, reduce risk, and deliver at scale.
$ M P ER EN ER G I ZED / O P ER A T I N G M W Sector median: $38M/MW | AIB today: <$3M/MW MEDIAN · $38M AIB Data Centers AIB <$3M Hut 8 HUT $19M IREN IREN $25M Core Scientific CORZ $33M TeraWulf WULF $38M Cipher Mining CIFR $50M Applied Digital APLD $56M CoreWeave CRWV $68M METHODOLOGY: Operating MW = energized capacity per latest 10 - Q/10 - K/earnings release. Market caps п June 22, 2026 close. Contracted/planned MW excluded. MW SOURCES — AIB: May 27, 2026 Press Release · HUT: Q1 2026 results (May 6, 2026) · IREN: Full Year FY2025 results · CORZ: Q1 FY2026 results (May 6, 2026) · WULF: Q1 2026 results (May 8, 2026) · CIFR: Q1 2026 results (May 5, 2026) · APLD: Fiscal Q3 2026 results (Apr 8, 2026) · CRWV: Q1 2026 results (May 7, 2026). Market caps п Yahoo Finance June 22, 2026 closing price. M A RKE T CA P P E R O P E RA T I NG M E G A W A T T Valuation Gap
Consensus: Maxim & Lucid Street models the inflection from build - out to revenue generation beginning FY2027 Company estimates as of Q2 2026. Illustrative timeline: lease signing ~1 quarter after power availability; revenue start (RFS) ~4 quarters after lease signing. A N A L YS T C O VER A G E COVERAGE 2 Analysts Maxim · Lucid RATING Buy Unanimous — 2 of 2 AVG PRICE TARGET $5.88 Maxim $5.00 · Lucid $6.75 FY2029E FY2028E FY2027E FY2026E Q4 2026E Q3 2026E Q2 2026E US$ MM 312.17 127.32 26.78 8.63 – 0.08 3.64 Revenue (84.44) (28.33) (5.26) (7.69) – (0.07) (3.28) Cost of Sales 227.72 98.99 21.52 0.94 – 0.01 0.36 Gross Profit 209.14 84.49 12.05 (2.51) (1.19) (0.93) (0.57) Adj EBITDA (0.33) (0.64) (0.47) (0.17) (0.07) (0.04) (0.02) EPS — GAAP (0.18) (0.16) (0.31) (0.18) (0.09) (0.05) (0.01) EPS — Adjusted
M A N A G E M E N T C O M M E N T A R Y • O U T L O O K Strategic Highlights & Forward Focus Q1 2026 | Three months ended March 31, 2026 A F O U N D A T I O N A L Q U A R T E R Q1 2026 marked our debut as a public company and the close of a multi - year strategic repositioning — from a single - tenant hosting operator into a diversified digital - infrastructure platform aligned to the AI and HPC compute cycle. Power We own the scarce input: We lock executed utility agreements before breaking ground. In a market with 5 – 6 year queues and 1% vacancy, secured power is the asset. People Built by operators, structured for returns: A team that has delivered 3GW+ and $40B+ in deals. Layers of expertise in financial markets, commercial real estate, power, procurement, construction, and operations. Progress 40 → 65 → 570 MW, already in motion: Operating today, expansion secured, anchor LOI signed. Documented growth, demonstrated execution. Source: BlockchAIn Digital Infrastructure, Inc. — Form 10 - Q filed May 14, 2026 (quarter ended March 31, 2026). Potential $31.2M EBITDA per site, valued at 20 î : ~$1.5M of stabilized EBITDA per secured MW → ~$872M/yr across the ~570 MW pipeline (illustrative).
17 Appendix Financial Statements
F I RS T Q UA RT E R 2 0 2 6 • I NV E S T O R UP D A T E Q1 2026 Results at a Glance Q1 2026 | Three months ended March 31, 2026 RE V E N U E $4.9M +9% YoY ($4.5M in Q1 2025) G R O S S M A R G I N 12% vs. 27% in Q1 2025 (energy cost headwind) A D J U S T E D E B I T DA $(0.2)M vs. $0.8M in Q1 2025 O P E R AT I N G C A S H F L O W $1.3M +$0.9M YoY (vs. $0.4M) N E T ( L O SS) / I N C O M E $(0.3)M vs. net income of $0.5M | EPS $(0.01) P R O F O R M A C AS H * $60.4M reflects June 2026 follow - on offering TO TAL AS S E TS $36.3M +110% vs. $17.3M at year - end 2025 S T O C K H O L DER S ' E Q U I T Y $27.2M vs. $7.9M at year - end 2025 O P E R A T I O N A L H I G H L I G H T S B I L L AB L E E N E R GY V O L UM E 77 GWh +7% YoY (72 GWh in Q1 2025) O P E R A T I N G C A P A C I TY 40 MW 200 MW under contract C U S T O M E R M I X 2 customers Diversified from 1 - anchor (Blue Ridge) in Q1'25 * Unaudited pro forma cash and cash equivalents giving effect to net proceeds of approximately $59.1M from the June 2026 underwritten public offering of 38,333,333 shares of common stock at $1.65 per share, as if the offering had closed on March 31, 2026. Source: BlockchAIn Digital Infrastructure, Inc. — Form 10 - Q filed May 14, 2026 (quarter ended March 31, 2026).
F I NA NCI A L DE T A I L • CO NDE NS E D BA L AN CE S HE E T Summary Balance Sheet Q1 2026 | Three months ended March 31, 2026 Mar 31, 2026 (unaudited) vs. Dec 31, 2025 (audited) ASSETS n/m +$1,237 $15 $1,252 Cash - 30% ($1,025) $3,454 $2,429 Other current assets +6% +$211 $3,470 $3,681 Total current assets - 3% ($242) $8,865 $8,623 Property and equipment, net +391% +$18,978 $4,851 $23,829 Intangibles & goodwill +52% +$43 $82 $125 Other non - current assets +110% +$18,990 $17,268 $36,257 Total assets LIABILITIES & EQUITY — ($37) $8,728 $8,691 Total current liabilities - 43% ($292) $680 $389 Long - term liabilities - 3% ($329) $9,408 $9,080 Total liabilities +246% +$19,318 $7,859 $27,177 Total stockholders' equity +110% +$18,990 $17,268 $36,257 Total liabilities & stockholders' equity W H A T M O V E D T H E B A L A N C E S H E E T Reverse merger added intangibles $19.0M of identifiable intangibles recognized at the close of the SGN business combination (March 16, 2026); previously none on the balance sheet. Equity recapitalized Common stock & APIC of $27.5M created upon recapitalization of One Blockchain members' equity and issuance to SGN holders and the Maxim advisory pool. Cash position rebuilt Cash rose from $15K to $1.3M, reflecting $0.3M acquired in the reverse merger and $1.3M generated by operating activities in Q1. Operating obligations stable Total liabilities decreased modestly to $9.1M; current obligations were essentially flat period - over - period. Source: BlockchAIn Digital Infrastructure, Inc. — Form 10 - Q filed May 14, 2026 (quarter ended March 31, 2026). C A P T A B L E 75,979,466 Common Shares 566 Options 1,535,237 Warrants 7,526,299 EIP 4,003,586 Earnout Shares* * Earnout shares issuable if FY2026 EBITDA exceeds $26M.
F I N A N C I A L D E T A I L • S T A T E M E N T S O F O P E R A T I O N S Q1 2026 | Three months ended March 31, 2026 Three months ended Mar 31, 2026 vs. Mar 31, 2025 Summary P&L Revenue grew 9% on customer - mix diversification, but gross margin compressed to 12% (vs. 27%) as per - kWh energy procurement costs rose from ~$0.046 to ~$0.056 while average billing remained at ~$0.064/kWh. The quarter also absorbed $1.2M of business - combination transaction costs (substantially offset by $1.3M reimbursement). Δ % Δ $ Q1 2025 Q1 2026 (US$ thousands, except %, EPS, shares) +9% +$414 $4,500 $4,913 Revenue +33% +$1,070 ($3,273) ($4,343) Cost of revenues - 54% - $657 $1,226 $570 Gross profit - 15 pp 27% 12% Gross margin +53% +$87 ($163) ($250) Depreciation & amortization - 6% - $40 ($637) ($597) Selling, general & administrative +27% +$1,117 ($4,073) ($5,191) Total operating costs n/m - $704 $426 ($277) Operating (loss) / income - 93% - $58 $62 $4 Other income, net n/m - $762 $489 ($273) Net (loss) / income $0.01 $(0.01) Basic & diluted EPS (US$) — — 37,646,133 37,646,133 Weighted avg shares (basic & diluted) O P E R A T I O N A L D R I V E R S What's behind the P&L PER - k W h E C ON OM IC S Q1 2025 Q1 2026 $0.063 $0.064 Avg. billing rate $0.046 $0.056 Avg. energy cost $0.017 $0.008 Implied spread Spread compressed - 53% YoY as energy procurement cost rose ~22% while average billing held ~flat. 77 GWh billed to customers, +7% vs. 72 GWh in Q1 2025. UT I LI T Y T R UE - U P Q1'26 recorded a $263K expense vs. a $292K credit in PY Source: BlockchAIn Digital Infrastructure, Inc. — Form 10 - Q filed May 14, 2026 (quarter ended March 31, 2026).
F I NA NCI A L DE T A I L • NO N - G AAP M E AS U R E Adjusted EBITDA Q1 2026 | Three months ended March 31, 2026 Three months ended Mar 31, 2026 vs. Mar 31, 2025 B R I D G E : Q 1 2025 → Q 1 2026 A D JU S T E D E B I T D A ( U S $ t h o u san d s) 0 $806K Q1 2025 Adjusted EBITDA +$414K Revenue growth - $1,070K Energy cost pressure (COGS) - $302K Higher public - co SG&A Q1 2026 Adjusted EBITDA R E C O N C I L I A T I O N T O N E T ( L O S S ) / I N C O M E Note Δ $ Q1 2025 Q1 2026 (US$ thousands) GAAP starting point - $762 $489 ($273) Net (loss) / income Non - cash; useful - life - based +$87 $163 $250 + Depreciation & amortization Q1'26: $1,205 costs offset by $1,330 reimb. - $341 $216 ($125) “ Transaction costs, net of reimbursement Below - the - line items - $9 $5 ($4) – Other (income) / expense Non - recurring +$68 ($68) $ — – (Gain) on asset sales - 119% YoY - $958 $806 ($153) Adjusted EBITDA (non - GAAP) Source: BlockchAIn Digital Infrastructure, Inc. — Form 10 - Q filed May 14, 2026 (quarter ended March 31, 2026). - $153K
Company AIB Data Centers Inc. Investor Relations Chris Tyson Executive Vice President MZ Group - MZ North America 949 - 491 - 8235 AIB@mzgroup.us NYSE: AIB aib.us/investors AIB Data Centers Inc.