AZIO AI Holdings (NASDAQ: AZIO) Advances Atlas One Development With Equipment Shipments Underway

At a glance

Company: AZIO AI Holdings
Ticker: NASDAQ: AZIO
Announcement: Expansion
Location: Texas

Key figures

Progress target: 6-megawatt
Planned Phase One capacity: 11 MW
Power Champion hosting agreement: 10 MW
Monthly rate under hosting agreement: $150 per kilowatt (kW) per month
Monthly charges at full delivery: $1.5 million
Initial agreement term: 60-month

Products and programs

Atlas One
Project Atlas

AZIO AI Holdings (NASDAQ: AZIO) announced that equipment shipments are underway for its Atlas One artificial intelligence (“AI”) compute campus in Texas, marking a transition from planning to phased development in coordination with site partner Texoil Ventures LLC. The company is working toward a 6-megawatt (“MW”) progress target within its planned 11 MW Phase One development. Separately, AZIO has a signed 10 MW infrastructure hosting agreement with Power Champion at $150 per kilowatt (“kW”) per month, representing $1.5 million in monthly capacity charges at full delivery and approximately $90 million over the initial 60-month term. No capacity under the agreement has been energized, and the projected amounts do not represent recognized revenue. The agreement also includes expansion rights to 50 MW.

AZIO is targeting $255 per kW per month for additional graphics processing unit (“GPU”) clients on incremental capacity, separate from its Power Champion agreement. At that rate, 6 MW would represent approximately $18.4 million annually, while the planned 11 MW Phase One would represent approximately $33.7 million annually, contingent on additional customer contracts and delivery of the corresponding capacity. The company is sequencing equipment shipments, staging and installation to support its modular development strategy. Atlas One is the first site under Project Atlas, which has a longer-term development objective of up to 500 MW, subject to future capital, infrastructure and customer commitments.

To view the full press release, visit https://ibn.fm/YrLrS

About AZIO AI Holdings Inc.

AZIO AI Holdings is a technology infrastructure company focused on developing, owning, and operating artificial intelligence data centers, enterprise GPU compute infrastructure, digital power solutions and digital asset mining operations.

The company operates an integrated AI infrastructure business encompassing AI data center development, the sale and distribution of enterprise GPU systems and server infrastructure, high-performance computing solutions, power hosting, and strategic technology investments, serving enterprise and institutional customers across domestic and international markets.

Through this diversified AI infrastructure strategy, the company is positioned to capitalize on the rapidly expanding global demand for AI infrastructure, compute capacity, digital power and next-generation AI technologies.

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In brief

AZIO AI Holdings says equipment shipments have begun for Atlas One, its planned artificial intelligence compute campus in Texas, moving the project into phased development with site partner Texoil Ventures. The company is working toward a 6-megawatt progress target within an 11-megawatt Phase One plan. AZIO also has a 10-megawatt hosting agreement with Power Champion priced at $150 per kilowatt monthly. The company estimates this could yield $1.5 million in monthly capacity charges at full delivery and about $90 million over the initial 60-month term, but says no capacity has been energized and the projections are not recognized revenue. Separate GPU customer targets depend on contracts and capacity delivery. Atlas One is the first site in Project Atlas, which has a longer-term objective of up to 500 megawatts, subject to future commitments.

Key takeaways

Equipment shipments are underway for the Atlas One campus in Texas, with development planned in phases.
AZIO is targeting 6 megawatts within its planned 11-megawatt Phase One development.
A 10-megawatt Power Champion hosting agreement has not yet had any capacity energized.
Project Atlas has a longer-term development objective of up to 500 megawatts, contingent on future commitments.

SEC filings

Earlier from AZIO AI Holdings Inc.

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