AIB Data Centers Inc. — Form 8-K

AIB Data Centers entered a binding 12-year agreement with Nebius (Nasdaq: NBIS) for 50 MW of AI data center capacity at a southeastern U.S. facility, with optional renewals potentially increasing total value. Customer prepayments, project-level debt, and preferred equity will fund a substantial portion of initial development costs, significantly reducing AIB's need for corporate-level common equity and limiting shareholder dilution. The capacity will be delivered across two data halls and is backed by AIB's existing 15-year, 65 MW Electric Service Agreement requiring no major electrical infrastructure upgrades.