AIB Data Centers Signed 12-Year Deal With Nebius

The South Carolina operator secured a 50-megawatt colocation contract to transition away from Bitcoin mining.

Updated on Sept. 30, 2026 in Data Centers

AIB Data Centers Signed 12-Year Deal With Nebius

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AIB Data Centers has entered a 12-year agreement to provide 50 megawatts of critical IT load to Nebius. This contract follows the company's strategic decision to decommission its Bitcoin mining operations in South Carolina.

Why it matters

The pivot from cryptocurrency mining to dedicated data center colocation allows AIB to secure more stable revenue and predictable cash flow. The new partnership leverages the company's existing utility power capacity to support the increasing demand for data center infrastructure.

The CLT-01 campus currently holds 65 megawatts of utility power capacity. AIB maintains a total power development pipeline of 570 megawatts, with 140 megawatts of capacity currently under active development.

The players

AIB Data Centers

A South Carolina-based infrastructure firm that transitioned from cryptocurrency mining to operating data centers.

Nebius

An international technology firm headquartered in Amsterdam that manages massive-scale data center power contracts.

The details

AIB, formerly known as BlockchAIn Digital Infrastructure, raised $63 million in an equity offering to fund its infrastructure pivot. The company utilizes a power-first development model, securing electricity agreements before breaking ground on new facilities.

June 2026: The company completed the decommissioning of its Bitcoin mining rigs.
End of 2026: Nebius targets reaching 4 gigawatts of total contracted power.
Second half 2027: AIB expects to begin revenue generation from the new contract.

The Tech Race

This deal underscores the broader industry trend of converting former crypto-mining infrastructure into high-density data centers. It marks a transition away from volatile digital asset production toward long-term, utility-backed colocation agreements for global tech partners.

While the deal focuses on industrial-scale IT capacity, it signals a shift in local energy usage priorities toward supporting larger cloud and AI workloads. Residents may see changes in industrial land use as more sites transition toward high-density computing operations.

The takeaway

The transition demonstrates how energy-heavy industrial sites can successfully pivot to support the growing requirements of global tech enterprises. Investors and residents should monitor future site conversions as companies seek regions with substantial utility power access.