Contracted Capacity, Containers on the Water: AZIO AI Moves Atlas One Into Its Equipment Phase
Globe Newswire•06/11/2026•11:36 ET
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Key Highlights
- ➤Power Champion contracted 10 MW at $150 per kW monthly, approximately $90 million over 60 months
- ➤No Power Champion capacity energized; commencement and revenue recognition remain unestablished
- ➤Containers shipped as AZIO begins phased equipment build toward 6 MW progress target
- ➤Planned 11 MW Phase One remains separate from Power Champion’s 10 MW block
- ➤AZIO targets $255 per kW monthly for additional GPU clients, not yet contracted
Expert Statements
Elgin Tracy, Chief Operating Officer of AZIO AI
“Containers are on the water, and equipment is coming in one step at a time, exactly the way we planned it”
Elgin Tracy, Chief Operating Officer of AZIO AI
“We are not trying to land everything at once. Each arrival is matched to the phase it serves, so capital goes to work in order and every step can be measured before we take the next one. That is disciplined execution, and it is how we intend to build Atlas One.”
Elgin Tracy, Chief Operating Officer of AZIO AI
“The Power Champion contract gives us a defined capacity foundation at $150 per kW per month, and $255 is the rate we are targeting as we bring in other GPU clients”
Elgin Tracy, Chief Operating Officer of AZIO AI
“Now we are getting equipment in, working toward the 6 MW progress target and building toward the full 11 MW of Phase One. Containers, equipment, capacity — one step at a time, with each step moving Atlas One forward.”
HOUSTON, Nov. 06, 2026 (GLOBE NEWSWIRE) -- Project Atlas One is moving from plans into equipment. AZIO AI Holdings, Inc. (Nasdaq: AZIO) has containers on the water, equipment coming in one step at a time and a phased build coordinated with Texas site partner Texoil Ventures LLC, alongside its signed 10 MW Power Champion contract.
Contracted today: Power Champion — 10 MW at $150 per kW per month, or $1.5 million per month at full delivery (about $90 million over 60 months).
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