AIB Data Centers Signs 50 MW Capacity Agreement with Nebius

AIB Data Centers Inc. (AMEX:AIB) has signed a binding agreement with Nebius Group NV (NASDAQ:NBIS) for 50 MW of critical IT capacity at its southeastern U.S. data center, following a recent acquisition that increased its total contracted power capacity to approximately 120 MW. Despite this strategic move, AIB's shares fell by 12.28% to $1.50, reflecting market concerns. The funding structure for the project is expected to minimize the need for corporate-level common equity, thereby limiting potential shareholder dilution.