GlobeNewswire·Nov 6, 2026, 11:36 AM ET

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

AZIO AI Holdings, Inc. (Nasdaq: AZIO) has transitioned Project Atlas One from planning to equipment logistics, with containers currently at sea & equipment arriving in a phased sequence.
The company holds a signed 10 MW Power Champion contract at $150 per kW per month, totaling $1.5 million monthly or approximately $90 million over 60 months, though no capacity is yet energized.
The 10 MW Power Champion block is separate from the planned 11 MW Phase One, allowing AZIO to execute the contract while building incremental capacity for other GPU clients.
AZIO aims to reach a 6 MW progress target within the 11 MW Phase One, utilizing a modular build strategy where each equipment arrival is staged & installed before the next step.
The company targets a capacity rate of $255 per kW per month for future GPU clients, distinct from the contracted Power Champion rate, though no contracts at this rate are currently signed.
Project Atlas One is being developed in Texas in coordination with site partner Texoil Ventures LLC to ensure site readiness matches the phased equipment delivery.
AZIO outlines a long-term development objective of up to 500 MW for Project Atlas, subject to securing additional capital, infrastructure, & customer commitments.
Capacity charges apply only to delivered & energized capacity, with energy billed separately at $0.13 per kWh, & the Power Champion figures represent contracted economics rather than recognized revenue.