AIB signed a 12-year deal to provide Nebius 50 MW of data center capacity, strengthening its customer base. Expected payments, project borrowing, and preferred shares should cover much, but not all, of upfront costs and limit the need to issue common shares.
The deal gives AIB a customer for capacity at a site with power already arranged. Expected customer payments, project borrowing, and preferred shares should cover much of the upfront bill and reduce the need to issue common shares. The report says these funds cover a substantial portion, not all costs. The committed customer and existing power agreement still make AIB’s business prospects stronger.
Nebius agreed to take 50 MW of data center capacity from AIB. The report gives no price or expected benefit for Nebius, so it does not change the company’s business outlook.
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