Market News / Story
AIB Data Centers secures 50 MW Nebius deal, expands power to ~120 MW, CLT1 to be customer-funded
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AIB Data Centers announced a 12-year, 50 MW agreement with Nebius and a funding plan for CLT1 that avoids issuing corporate common equity. Key Highlights: Executed a 12-year Nebius agreement for 50 MW at CLT1, with two potential five-year renewals, validating contracted demand. Customer prepayments expected to fund a meaningful portion of CLT1 development, reducing upfront corporate funding needs. Project-level financing (debt and preferred equity) planned to complement…