AIB Data Centers Reports 570 MW of Identified AI/HPC Capacity Potential in Second Quarter 2026
=Increased Contracted Power Capacity at Existing CLT-01 Facility to 65 MW to Support AI and HPC Growth
Strengthened Balance Sheet with $52.8 Million of Cash to Support Continued Growth
Ended Quarter with $82.7 Million of Stockholders’ Equity
NEW YORK, Aug. 14, 2026 (GLOBE NEWSWIRE) -- AIB Data Centers Inc. (NYSE American: AIB) (“AIB” or the “Company”), formerly BlockchAIn Digital Infrastructure, Inc., a developer and operator of digital infrastructure focused on artificial intelligence (“AI”) and high-performance computing (“HPC”) workloads, today reported financial results for the second quarter ended June 30, 2026.
“This quarter we secured the two foundations that matter most at our stage: power and capital,” said Jerry Tang, CEO of AIB Data Centers. “We enhanced our power position with a 65 megawatts 15-year electric service agreement, raised $63.3 million to strengthen our balance sheet, and completed our rebrand to AIB Data Centers. Now we’re focused on turning it into signed, long-term AI and HPC contracts.”
Second Quarter 2026 and Recent Operational Highlights
Second Quarter 2026 Financial Results
First Six Months of 2026 Financial Results
“Our financial position has been fundamentally transformed,” said Jolienne Halisky, Chief Financial Officer of AIB Data Centers. “We ended the quarter with $52.8 million of cash, $82.7 million of stockholders’ equity, and no traditional debt, providing the capital and financial flexibility to execute our growth strategy. We are deploying these resources toward securing contracted power, procuring long lead-time equipment, and improving our existing infrastructure to support AI and HPC customers.”
Leadership Update
Eyal Rozen has notified the Company of his decision to resign as Chief Operating Officer, effective August 14, 2026. Mr. Rozen is assisting with an orderly transition of his responsibilities. The Company has commenced a search for a Chief Operating Officer with large-scale data center and operations experience.
Valuation Relative to AI and HPC Infrastructure Peers
As of July 28, 2026, AIB’s market capitalization equated to approximately $2 million per energized, operating megawatt, compared with a median of approximately $26 million per megawatt across a peer group of seven publicly traded digital infrastructure and AI and HPC operators. The Company believes this gap reflects the early stage of its transition and does not yet capture the approximately 570 MW of identified capacity potential described above.
Operating megawatts reflect energized capacity as reported in each company’s most recent Form 10-Q, Form 10-K or earnings release; contracted and planned capacity is excluded. TeraWulf megawatts reflect energized HPC critical IT capacity only. Market capitalizations are based on intraday prices as of July 28, 2026 (Yahoo Finance). Peer group: Applied Digital (APLD), Cipher Mining (CIFR), CoreWeave (CRWV), Core Scientific (CORZ), Hut 8 (HUT), IREN (IREN) and TeraWulf (WULF).
Note About Non-GAAP Financial Measures
Adjusted EBITDA is a key factor in how we assess the operating performance of our data center and develop growth strategies and expansion decisions. We define Adjusted EBITDA as net income or loss excluding income tax expense, interest income, interest expense, other income and expense items, gain or loss on asset sales, depreciation, amortization, transaction costs, and non-recurring legal and professional fees, as presented below:
Non-GAAP financial measures are not a substitute for financial information prepared in accordance with GAAP. Non-GAAP financial measures should not be considered in isolation, but should be considered together with the most directly comparable GAAP financial measures and the reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures. We have presented non-GAAP financial measures to provide investors with an additional tool to evaluate our results of operations in a manner that focuses on what management believes to be our core, ongoing business operations.
Accordingly, Adjusted EBITDA is not meant to be considered in isolation of, and should be read in conjunction with, the information contained in our condensed consolidated financial statements, which have been prepared in accordance with GAAP.
Our primary non-GAAP financial measure is Adjusted EBITDA, which excludes depreciation and amortization expense as these do not reflect our current or future cash spending levels to support our business. In addition, depreciation is also based on the estimated useful lives of our data center assets. These estimates could vary from actual performance of the asset, are based on historical costs incurred to build out our data center and are not indicative of current or expected future capital expenditures. Therefore, we exclude depreciation and amortization in computing Adjusted EBITDA. We also exclude gain or loss on asset sales as it represents profit or loss that is not meaningful in evaluating the current or future operating performance. Additionally, we exclude transaction costs and related reimbursement to enhance the comparability of our financial results to our historical operations. The transaction costs and reimbursement relate to expenses we incurred in connection with the Business Combination transaction with Signing Day Sports, including advisory, legal, accounting, valuation, and other professional or consulting fees. We also exclude non-recurring legal and professional fees, which represent legal and professional fees incurred in connection with corporate transaction and financing activities, including a terminated financing transaction and advisory arrangements related to the Business Combination, and which management does not consider indicative of ongoing operating performance. Such charges generally are not relevant to assessing our long-term performance. In addition, the frequency and amount of such charges vary significantly based on the size and timing of the transactions. Management believes items such as impairment charges, gain or loss on asset sales and transaction costs are non-core transactions; however, these types of costs may occur in future periods. Future transaction costs will depend on the Company executing additional transactions, which cannot be anticipated or estimated.
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” 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 anticipated benefits of the business combination with Signing Day Sports, Inc., the anticipated use of proceeds from the Company’s June 2026 public offering, the expected timing and availability of electric service under the Company’s electric service agreement, and the potential development of the Company’s planned Minnesota data center campus. 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 ability to integrate the respective businesses post-merger, obtain sufficient funding to maintain operations and develop additional services and offerings, market acceptance of the Company’s current products and services and planned offerings, competition from existing or new offerings that may emerge, impacts from strategic changes to the Company’s business on net sales, revenues, income from continuing operations, or other results of operations, the Company’s ability to attract new users and customers, the Company’s ability to retain or obtain intellectual property rights, the Company’s ability to adequately support future growth, the Company’s ability to attract and retain key personnel to manage its business effectively, the risk that non-binding letters of intent may not result in definitive documentation, the risk that required permits and approvals are not obtained on the anticipated timeline, and the identified material weaknesses in the Company’s internal control over financial reporting. These risks, uncertainties and other factors are described more fully in the section titled “Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on March 31, 2026. 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
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