BlockchAIn Secures 20 MW AI Data Center, Shares Take Off
Shares of AI infrastructure firm BlockchAIn (NYSE: $AIB) saw a significant increase of over 16 percent in pre-market trading following the announcement of a non-binding letter of intent for a 20 megawatt build-to-suit data center lease in North Carolina. This new project is expected to bring in over $400 million in total contract value over an initial 10-year lease term, with the potential to reach approximately $1.2 billion including renewal options.
This development comes on the heels of another recent deal for BlockchAIn, a $100 million, 5 MW AI infrastructure deployment. The new 20 MW facility will be housed in a 46,550-square-foot core-and-shell building on approximately 4.4 acres of land. CEO Jerry Tang expressed excitement about this new commitment, stating that it validates the company’s development model of purpose-built facilities, disciplined capital deployment, and accelerated construction timelines.
Following the merger with Signing Day Sports, Inc. in March, BlockchAIn is making significant strides in expanding its operations. The company currently operates a 40 MW data center campus in South Carolina, which generated $22.9 million in revenue in 2024. The new 20 MW facility is expected to commence operations approximately nine months after the lease agreement is signed.
In pre-market trading, shares of BlockchAIn are currently valued at $3.40, representing a 16.44 percent increase. The company’s focus on expanding its AI infrastructure capabilities and securing major contracts is driving investor confidence and market growth. Stay tuned for more updates on BlockchAIn’s exciting developments in the AI data center space.
