AZIO AI Signs First Hosting Agreement at Atlas One with Power Champion; 10 MW Contracted, with Expansion Rights to 50 MW Representing Up to Approximately $450 Million in Capacity Reservation Charges
Key Highlights
- ➤10 MW initially contracted at Atlas One under a 60-month agreement
- ➤Approximately $90 million in initial-term capacity charges expected before electricity sales
- ➤Expansion rights reach 50 MW, potentially generating approximately $450 million over 60 months
- ➤No capacity has been energized under the Agreement as of announcement
- ➤U.S. export approvals are required before construction, energization, or service commencement
Expert Statements
Chris Young, Chief Executive Officer and Chairman of AZIO AI
“On August 27 we told the market we were in discussions with Power Champion about hosting at Atlas One, and that we would announce an agreement if we reached one. This is that agreement. Atlas One has a contracted customer.”
Chris Young, Chief Executive Officer and Chairman of AZIO AI
“Power is the constraint on AI. This is what converting power into contracted capacity looks like — sites, systems, hosting, and the electricity underneath it, under one roof.”
Chris Young, Chief Executive Officer and Chairman of AZIO AI
“Ten megawatts is what Power Champion has contracted for today. Fifty megawatts is the ceiling the agreement allows them to grow into, and getting there depends on generation, permitting, capital and their own export approvals — none of which we take for granted. We would rather show shareholders exactly where the work stands than announce a number and explain it later.”
Initial 10 MW deployment expected to generate approximately $90 million in capacity reservation charges over the 60-month initial term, before electricity sales; the $450 million figure assumes full exercise of expansion rights to 50 MW, which has not occurred
HOUSTON, Oct. 09, 2026 (GLOBE NEWSWIRE) -- via IBN — AZIO AI Holdings, Inc. (Nasdaq: AZIO) (“AZIO AI” or the “Company”) today announced that it has entered into a Power Purchase and Hosting Agreement (the “Agreement”) with Power Champion Investment Limited (“Power Champion”) covering power delivery, leased facility space and interconnectivity services at Atlas One, the Company’s South Texas compute infrastructure campus. The Agreement establishes an initial contracted capacity of 10 megawatts (“MW” and such capacity, the “Initial Contracted Capacity”), with contractual expansion rights of up to a maximum contracted capacity of 50 MW (the “Maximum Contracted Capacity”), subject to the completion of required infrastructure improvements and other conditions described below.
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