AZIO AI signs first 10 MW hosting agreement at Atlas One with expansion rights to 50 MW
AZIO AI Holdings entered a Power Purchase and Hosting Agreement with Power Champion Investment Limited for an initial 10 MW of capacity at its Atlas One campus in South Texas. The contract runs for 60 months, charges $150 per kilowatt‑month, and is expected to generate about $1.5 million per month, or roughly $90 million in capacity reservation charges over the term. The agreement includes optional expansion up to a maximum of 50 MW, which could raise total reservation charges to approximately $450 million if fully exercised, subject to infrastructure completion and regulatory approvals.
Why it matters
The company says the initial 10 MW deal could produce about $90 million in capacity fees, providing a new revenue stream once the capacity is energized. If the expansion rights are exercised, the upside could reach $450 million, but that amount is conditional on future infrastructure and approvals.
Key facts
- 1The agreement establishes an initial contracted capacity of 10 MW, with optional expansion up to 50 MW. globenewswire.com
- 2Capacity reservation charges are $150 per kilowatt per month for capacity actually delivered. globenewswire.com
- 3AZIO expects the 10 MW to generate approximately $1.5 million per month, or about $90 million over the 60‑month initial term. globenewswire.com
- 4If the full 50 MW is exercised, the company estimates total reservation charges could reach roughly $450 million over the same term. globenewswire.com
- 5The initial term of the agreement is sixty (60) months, with automatic twelve‑month renewals unless notice of non‑renewal is given. globenewswire.com
- 6The contract includes a 99.9% annualized power availability commitment. globenewswire.com
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.