Nebius signs a 12-year lease for 50 MW with AIB Data Centers, whose prepayments help fund the build

AIB Data Centers, a small developer listed on NYSE American, said on 30 September that it has signed a binding agreement with Nebius for 50 MW of critical IT capacity at its facility in the southeastern United States. The initial term is 12 years, with options to renew, and the capacity will be delivered across two data halls. No contract value was disclosed.

AIB says the site has a 15-year electric service agreement for 65 MW of utility load, and that with a recent acquisition in Texas its total contracted power is about 120 MW. It says customer prepayments, project-level debt and preferred equity will fund a substantial part of the initial development cost. Put simply, the tenant's money helps pay for the building it will rent.

Nebius's chief product and infrastructure officer, Andrey Korolenko, gave the reason: “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.”

The company's SEC filing gives its former name as BlockchAIn Digital Infrastructure. The deal lands as the neoclouds, the specialist GPU rental companies, push prices up: this page reported on 25 September that Nebius's GPU rents were due to rise on 1 October.

• Confirmed 50 MW of critical IT capacity in the southeastern US, 12-year initial term, two data halls. AIB Data Centers, via GlobeNewswire
• Confirmed 15-year electric service agreement for 65 MW at the site; about 120 MW contracted in total. AIB Data Centers, via GlobeNewswire
• Claimed Customer prepayments, project-level debt and preferred equity will fund a substantial part of initial development costs. AIB Data Centers, via GlobeNewswire