GlobeNewswire·Aug 20, 2026, 9:20 AM ET

Azio AI Holdings Announces Atlas One, a 500+ Acre Site Designed for Up to 500 MW of Behind‐the‐Meter Power

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Azio AI Holdings announced Atlas One, the first named phase of Project Atlas, a 548-acre compute campus in South Texas designed for up to 500 MW of behind-the-meter power capacity.
The site currently has approximately 11 MW of secured behind-the-meter natural gas generation, which includes the activated 6 MW of compute infrastructure.
Approximately 6 MW of Bitcoin mining infrastructure is active at the site, achieving an uptime of 97.8% over the measured period.
Estimated power costs for the current mining deployment are near $0.03/kWh.
The project features dedicated enterprise fiber connectivity under a Master Services Agreement with AT&T, with $2.4 million committed for high-capacity links.
Natural gas pipeline and metering infrastructure is under development, supported by engineering reports and interconnection planning.
The company's sequential strategy involves securing power first, testing it with a Bitcoin mining workload, then expanding to support AI, GPU hosting, and high-performance computing.
Atlas One is engineered to allow expansion based on capital and equipment rather than land assembly or utility grid queues, as the 500 MW planned capacity is in addition to the secured 11 MW.
Azio maintains an integrated model that includes GPU system sales, AI hosting, and company-operated Bitcoin mining, though current hosting agreements are separate commercial arrangements.
Near-term priorities include completing the 11 MW phase, activating additional compute containers, advancing gas infrastructure, and securing customer hosting agreements.
The 97.8% uptime figure reflects a Bitcoin mining workload only and does not constitute a service level commitment for future AI or high-performance computing customers.
Future sites in the Project Atlas network will be named Atlas Two, Atlas Three, etc., as they are announced.