AIB Data Centers Receives First CLT1 Draw and Funds Prepayment Into Escrow

AIB Data Centers Inc. funded prepayment obligations into escrow for its CLT1 campus and received its first draw, while executing purchase orders for backup generators, uninterruptible power supply systems and switchgear. Stock Titan reported the milestones on November 10, 2026.

Inside the CLT1 Prepayment and Equipment Orders

AIB Data Centers is a NYSE American-listed developer of right-sized, 40–90 MW data centers for artificial intelligence and high-performance computing customers. The company expects to deliver 50 MW of critical IT capacity at CLT1 under an executed 12-year agreement. Equipment delivery is scheduled to support the construction timeline.

Across all contracted sites, AIB underwrites approximately $90.5 million in projected annual stabilized net operating income, a non-GAAP measure, based on Year 5 of the executed customer agreements. The company said the figure reflects projected property-level performance at stabilization rather than current earnings or cash available to common shareholders, and that realization depends on project completion and actual operating results.

"For neocloud companies, capacity is valuable when delivery is timely," said Jerry Tang, chief executive officer of AIB Data Centers. "Our focus is now on converting contracted demand into operating assets and recurring income."

What AIB's Development Budget Covers

According to akta.pro company records, AIB raised approximately $63.25 million in a June 2026 funding round to support its 570 MW development pipeline and the operational ramp of its AI data center facilities. The same records list 65 MW of energized capacity across a portfolio of six sites totaling 570 MW.

AIB estimates total development cost for the CLT1 update at approximately $760 million to $780 million including land. That comprises approximately $630 million to $645 million in construction costs and $130 million to $135 million in land, contingency and financing costs. On the 50 MW critical IT capacity basis, the company puts the figure at approximately $15.2 million to $15.6 million per IT MW.

Nebius Lease Anchors the Contracted Portfolio

AIB signed a binding 12-year agreement with Nebius to supply 50 MW of IT capacity at CLT1, its first customer contract, with prepayments and project-level debt funding initial development costs, Benzinga reported in October 2026. MarketBeat reported that AIB expanded contracted power to 120 MW and signed its first customer lease with Nebius, covering Nebius's full 65-MW anchor site at revenue per MW above $1.8 million annually, with revenue-generating data halls expected in the fourth quarter of 2027.

When AIB Updates Investors on CLT1

AIB will discuss its progress at CLT1 on its third quarter 2026 earnings call, with date and dial-in details to be announced separately, according to the company's investor hub.