AIB Data Centers said on 30 September that it has signed a binding agreement with Nebius for 50 MW of critical IT capacity in the southeastern United States, on an initial 12-year term with options to renew. The capacity is to be delivered in two data halls.
The release is thin on the numbers that would let anyone size the deal. No contract value is disclosed, no state or site is named, and no energisation date is given. AIB is a small listed company that moved into data centres from bitcoin mining, so the agreement matters more to AIB than to Nebius, which is an established AI cloud provider.
The useful detail is in what the buyer said. Andrey Korolenko, Nebius’s chief product and infrastructure officer, put it plainly: “Time-to-power is the binding constraint on AI infrastructure today, and AIB’s existing power position gave us a clear path to bringing this capacity online on a timeline that works for our customers.” AIB’s chief executive Jerry Tang described the strategy as securing power in attractive markets and converting it into contracted revenue.
That is the pattern worth tracking. Compute buyers are increasingly contracting with whoever already holds a grid connection, rather than waiting for better-located sites to be built, and interconnection queues rather than chip supply are setting the pace.