newsfilter
← Latest News
GlobeNewswire·

Contracted Capacity, Containers on the Water: AZIO AI Moves Atlas One Into Its Equipment Phase

AZIO
  • AZIO AI Holdings (NASDAQ: AZIO) is transitioning Project Atlas One from planning to equipment logistics with containers currently at sea.
  • The company has a signed 10 MW contract with Power Champion valued at $150 per kW per month, totaling $1.5 million monthly or roughly $90 million over 60 months.
  • The Power Champion 10 MW block is separate from the planned 11 MW Phase One, allowing AZIO to execute this agreement while building incremental capacity for other GPU clients.
  • Capacity charges apply only to delivered & energized capacity, with energy billed separately at $0.13 per kWh.
  • No capacity under the Power Champion agreement has been energized to date, & commencement has not been established.
  • The Power Champion agreement includes expansion rights to reach 50 MW total capacity.
  • AZIO is coordinating site readiness with Texas partner Texoil Ventures LLC to ensure phased equipment arrival & staging.
  • The build strategy involves receiving, inspecting, & staging equipment in sequential blocks to support a 6 MW progress target within the 11 MW Phase One.
  • AZIO targets a rate of $255 per kW per month for future GPU clients, which is distinct from the contracted $150 rate for Power Champion.
  • Project Atlas One is the first site of AZIO's program to develop behind-the-meter, power-backed AI compute campuses in Texas, with a longer-term objective of up to 500 MW.