AIB Data Centers secures 50 MW deal with Nebius AI cloud in 12-year agreement

AIB Data Centers has locked in a 12-year contract to deliver 50 megawatts of critical IT load to Nebius, the Amsterdam-based AI cloud platform that counts Meta and Microsoft among its clients. The deal positions a former crypto mining operation squarely at the center of the AI infrastructure boom. The arrangement covers AIB’s CLT-01 campus in South Carolina, backed by 65 MW of utility power through an existing 15-year electric service agreement. Revenue is expected to start flowing in the second half of 2027, with annual escalators of 3% or tied to the Consumer Price Index, whichever applies. From Bitcoin blocks to AI racks AIB Data Centers didn’t always go by that name. Until June 2026, the company operated as BlockchAIn Digital Infrastructure, running Bitcoin mining operations. Those mining rigs have since been decommissioned, and the company raised approximately $63 million through an equity offering to fund its transformation. The CLT-01 campus is part of a larger pipeline. AIB has roughly 140 MW under development at the South Carolina site, with a total pipeline of approximately 570 MW spread across multiple locations. The company’s pitch to the market is what it calls a “powe...