At a glance
- Company
- AZIO AI Holdings
- Ticker
- NASDAQ: AZIO
- Announcement
- Partnership
- Location
- South Texas
Key figures
- Initial contracted capacity
- 10 megawatts
- Potential expanded capacity
- 50 MW
- Monthly reservation charges at initial capacity
- approximately $1.5 million
- Reservation charges over initial term
- $90 million
- Potential charges at full expansion
- approximately $450 million
- Initial term
- five-year
Products and programs
AZIO AI Holdings (NASDAQ: AZIO) announced a power purchase and hosting agreement with Power Champion Investment Limited at its Atlas One compute infrastructure campus in South Texas. The agreement establishes an initial contracted capacity of 10 megawatts (“MW”), with expansion rights up to 50 MW, subject to infrastructure improvements and other conditions. AZIO AI will provide power, leased facility space, interconnectivity and hosting services for artificial intelligence (“AI”) computing equipment. At the initial capacity, the company expects approximately $1.5 million in monthly capacity reservation charges, totaling $90 million over the five-year initial term, excluding electricity sales and additional services. Full expansion to 50 MW could generate approximately $450 million in capacity reservation charges over the same period.
The agreement marks the first hosting contract at Atlas One, a 548-acre campus designed for up to 500 MW of planned power capacity. Approximately 11 MW has been secured to date, including 6 MW currently activated. No capacity has yet been energized under the new agreement, and expansion beyond the initial 10 MW has not been exercised. Service commencement remains subject to infrastructure development, required U.S. export control approvals and other contractual conditions.
To view the full press release, visit https://ibn.fm/7uT4q
About AZIO AI Holdings, Inc.
AZIO AI Holdings, Inc., formerly Envirotech Vehicles, Inc. (Nasdaq: EVTV), is a technology infrastructure company focused on developing, owning, and operating artificial intelligence data centers, enterprise GPU compute infrastructure, digital power solutions, and other high compute operations. Through Project Atlas, the Company is developing behind-the-meter, power-backed campuses in Texas intended to support power-intensive compute workloads as additional generation, connectivity, customer commitments, and capital are secured.
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In brief
AZIO AI Holdings says it has signed a power purchase and hosting deal with Power Champion Investment Limited for its Atlas One campus in South Texas. The arrangement starts at 10 MW, with a possible increase to 50 MW if infrastructure upgrades and other requirements are met. AZIO plans to supply electricity, facility space, connectivity and hosting for AI computing equipment. The company estimates capacity reservation payments of about $1.5 million per month at the starting level, or $90 million over the initial five-year term. If the full expansion occurs, it estimates those charges could reach $450 million over that term. The agreement is the first hosting contract for Atlas One; service depends on development work, export-control approvals and other conditions.
Key takeaways
- The initial hosting commitment is 10 MW, with a conditional option to expand to 50 MW.
- AZIO estimates $90 million in capacity reservation charges over the initial five-year term at the starting capacity.
- The company says a full expansion could yield $450 million in capacity reservation charges over the same term.
- No capacity under the new agreement has been energized, and service awaits infrastructure work, approvals and contractual conditions.
SEC filings
Earlier from AZIO AI Holdings, Inc.
- Azio AI Holdings (NASDAQ: AZIO) Unveils Flagship Atlas One Project to Tackle AI’s Power Shortage
- Azio AI Holdings (NASDAQ: AZIO) Builds Power-First Infrastructure Behind America’s AI Boom
- AZIO AI Holdings (NASDAQ: AZIO) Advances Atlas One as AI Infrastructure Investment Accelerates
- AZIO AI Holdings (NASDAQ: AZIO) Unveils Atlas One for South Texas Compute Infrastructure Campus
- AZIO AI Holdings (NASDAQ: AZIO) Signs Agreement Covering Up to $77M in NVIDIA GPU Systems
