BlockchAIn (NYSE: AIB) locks 15-year, 65 MW power for CLT-01 AI campus
Rhea-AI Filing Summary
BlockchAIn Digital Infrastructure, Inc. entered a 15-year Electric Service Agreement with a local utility to support its CLT-01 flagship data center campus. The deal expands contracted utility load at CLT-01 from 40 megawatts to 65 megawatts, supplied via an existing 34.5 kV line.
The agreement provides up to 65,000 kilovolt-amperes of three-phase, 34,500-volt power, with initial delivery targeted for December 15, 2026 and service commencing October 1, 2026, avoiding any supply lapse. The company will pay a $400,000 minimum monthly demand charge, with $200,000 per month allowed to accrue without interest until December 31, 2027 or until demand reaches 40,000 kilovolt-amperes. BlockchAIn must post a security deposit equal to two months of maximum estimated billing and prepay a $250,000 infrastructure early termination fee, which will later be credited against power bills.
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Insights
Long-term 65 MW power deal secures capacity but adds fixed costs.
BlockchAIn has locked in a 15-year Electric Service Agreement to expand contracted power at its CLT-01 campus from 40 MW to 65 MW. All 65 MW are supplied over existing 34.5 kV infrastructure, so no significant additional electrical upgrades are required to access this capacity.
The contract includes a minimum monthly demand charge of $400,000, with half of that amount allowed to accrue without interest until either December 31, 2027 or when demand reaches 40,000 kilovolt-amperes. The company also must fund a security deposit equal to two months of maximum estimated billing and prepay a $250,000 infrastructure early termination fee, later credited against bills.
The expanded 65 MW commitment is framed as supporting letters of intent for 25 MW of critical IT load with an AI company and a financial institution, as well as additional prospective clients. Future results will depend on the company’s ability to convert this power availability into long-term tenant contracts and execute the planned AI-optimized data center buildout over the next nine months.
8-K Event Classification
Key Figures
Key Terms
Electric Service Agreement financial
minimum monthly demand charge financial
Rate Schedule I (Industrial) regulatory
letters of intent financial
force majeure provisions regulatory
high-performance computing technical
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement.
Electric Service Agreement
On May 27, 2026, One Blockchain, LLC, a subsidiary of BlockchAIn Digital Infrastructure, Inc. (the “Company”) entered into a 15-year Electric Service Agreement (“Electric Service Agreement”) with a local utility provider (the “Utility Company”). The Electric Service Agreement replaces the Company’s existing electric service agreement with the Utility Company which expires on September 30, 2026. The services provided under the Electric Service Agreement will commence on October 1, 2026 ensuring that there will not be a lapse in electric supply. Pursuant to the Electric Service Agreement, the Utility Company will sell and deliver up to 65,000 kilovolt-amperes of three-phase, 34,500-volt electric power to the Company’s flagship data center campus, known as CLT01, with initial delivery targeted for December 15, 2026.
The Company is subject to a minimum monthly demand charge of $400,000, with a deferral mechanism allowing $200,000 per month to accrue (without interest) before December 31, 2027, or until the Company’s demand first reaches 40,000 kilovolt-amperes, whichever occurs first. After that point, the full minimum charge is payable monthly in cash.
The Electric Service Agreement is subject to the Utility Company’s Rate Schedule I (Industrial) and Service Regulations as filed with the relevant Public Service Commission, and may be updated by the Utility Company or applicable regulatory authority. The Company is required to provide a security deposit equal to two months of maximum estimated billing, which may be satisfied by cash, surety bond, or a letter of guarantee. Additionally, the Company must prepay a $250,000 infrastructure early termination fee, which will be credited against power bills once service commences.
Either party may terminate the Electric Service Agreement in accordance with the applicable Rate Schedule or by providing at least 60 days’ written notice prior to the end of the original or any renewal term. The Electric Service Agreement also contains customary force majeure provisions and operational requirements, and may be further amended to reflect any future provisions in the Utility Company’s power purchase agreements.
The foregoing description of the Electric Service Agreement does not purport to be complete and is qualified in its entirety by reference to the redacted text of the Electric Service Agreement, a copy of which is filed (with certain portions redacted in accordance with Item 601(b)(10)(iv) of Regulation S-K as Exhibit 10.1 hereto and incorporated by reference herein.
Item 7.01 Regulation FD Disclosure.
On May 27, 2026 the Company issued a press release announcing the execution of a 15-year Electric Service Agreement to expand contracted utility load at CLT-01, the Company's flagship data center campus. A copy of the press release is being furnished as Exhibit 99.1 of this Current Report on Form 8-K.
The information in this Item 7.01 (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under such section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.
Item 9.01 Financial Statements and Exhibits.
(d) List of Exhibits
| Exhibit No. | Description of Exhibit | |
| 10.1* | Electric Service Agreement, dated May 27, 2026, by and between [***] and One Blockchain, LLC | |
| 99.1 | Press Release, dated May 27, 2026. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
| * | Portions of this document have been redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K. The Company agrees to furnish supplementally an unredacted copy of the exhibit to the SEC upon its request. |
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: June 1, 2026 | BLOCKCHAIN DIGITAL INFRASTRUCTURE, INC. | |
| /s/ Jerry Tang | ||
| Name: | Jerry Tang | |
| Title: | Chief Executive Officer and President | |
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Exhibit 99.1
BlockchAIn Executes 15-Year, 65 MW Electric Service Agreement at CLT-01 to Meet Demand for AI Data Center Capacity
Expands Contracted Utility Load at CLT-01 from 40 MW to 65 MW Under a 15-Year Term
Power Immediately Available Through Existing Onsite 34.5 kV Infrastructure, With No Significant Electrical Upgrades Required, to Meet Growing Demand Beyond Current Customer Commitments
NEW YORK, May 27, 2026 -- BlockchAIn Digital Infrastructure, Inc. (NYSE American: AIB) (“BlockchAIn” or the “Company”), a developer and operator of digital infrastructure focused on artificial intelligence (“AI”) and high-performance computing (“HPC”) workloads, today announced the execution of a 15-year Electric Service Agreement (“ESA”) to expand contracted utility load at CLT-01, the Company’s flagship data center campus currently being repositioned for AI/HPC infrastructure, from 40 megawatts (“MW”) to 65 MW.
The full 65 MW is available through the existing 34.5 kV distribution line onsite, requiring no significant additional electrical infrastructure upgrades. This positions CLT-01 to rapidly accommodate rising neocloud and enterprise demand without the lead times associated with new power procurement and represents a key structural advantage relative to greenfield data center development.
The expanded utility commitment supports the Company’s growing customer pipeline, which includes letters of intent representing 25 MW of committed critical IT load with a leading AI company and a financial institution. The Company’s business development team, led by Eyal Rozen, Chief Operating Officer and former business development executive at Nebius, and Gary Heitz, Vice President of Sales and former business development leader at Google and Dell, is actively engaged with multiple prospective clients.
The newly expanded power load will represent the first phase of the site’s broader infrastructure expansion. The remaining phase will include the design and installation of a new AI-optimized data center shell, which is expected to be completed over the next nine months. Project execution will be led by Christopher Iannacone, former Director of Project Management at Amazon, with 25+ years of experience overseeing 3+ gigawatts of data center capacity.
“Power availability at scale, under long-term commitments, is the starting point for everything else in AI infrastructure development. It was critical that we significantly expand our available power and infrastructure capacity, and the 65 MW we have secured is now immediately available through existing onsite infrastructure to meet the growing pipeline of demand from AI/HPC tenants,” said Jerry Tang, Founder and Chief Executive Officer of BlockchAIn. “Expanding our contracted load to 65 MW for 15 years gives us the runway to convert CLT-01 into purpose-built AI/HPC capacity, to support a prospective anchor tenant, and to underwrite the additional capacity we are pursuing with prospective customers under long-term contracts -- all from a site that already has the power, the interconnection, and the operating history in place.”
About BlockchAIn
BlockchAIn 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” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project” or “continue” or the negative of these terms or other comparable terminology and include, but are not limited to, statements regarding the planned conversion of CLT-01 from data mining to AI and HPC data center capacity, the expected benefits of the Electric Service Agreement, the anticipated availability and timing of utility load under the agreement, the planned site transition and incremental data hall capacity, the Company’s ability to attract and contract with additional AI and HPC customers, and the Company’s growth and development pipeline. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, including without limitation, the performance of the utility counterparty under the Electric Service Agreement, delays in permitting and regulatory approvals, utility interconnection and energization timing, tariff and rate changes, equipment availability, supply chain conditions, contractor performance, site transition execution, the ability to attract and retain key personnel to manage the business effectively, competition from existing or new offerings that may emerge, and broader market and economic conditions. These risks, uncertainties and other factors are described more fully in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”). These risks, uncertainties and other factors are, in some cases, beyond the Company’s control and could materially affect results. If one or more of these risks, uncertainties or other factors become applicable, or if these underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
Investor Relations
Chris Tyson
Executive Vice President
MZ Group – MZ North America
Phone: (949) 491-8235
AIB@mzgroup.us
www.mzgroup.us