Mentioned:
Nebius needs more capacity for hosting artificial intelligence workloads. Which is exactly why they’re doing a new deal in South Carolina.
What’s happening:
- AIB Data Centers (NYSE: AIB) has entered into a deal with Nebius (NASDAQ: NBIS) to provide them with 50 megawatts of critical IT capacity at their CLT-01 data centre located in South Carolina
Why it matters:
- This is AIB Data Centers’ first customer contract for hosting artificial intelligence workloads
Going deeper:
- The deal between Nebius and AIB Data Centers is structured as a binding colocation agreement with an initial term of 12 years and renewal options
- AIB Data Centers was previously focused on hosting third-party Bitcoin mining hardware at their CLT-01 facility prior to pivoting their business model towards artificial intelligence workloads and high performance computing
The intrigue:
- Nebius has been seeing sustained demand for compute lately, which just recently led them to notably increase their on-demand GPU prices for Nvidia H100s, Nvidia H200s, Nvidia B200s and Nvidia B300s
The fine print:
- AIB Data Centers will be solely responsible for funding the build out of CLT-01 and has not yet secured all of the financing required
