AZIO AI Holdings, Inc. (NASDAQ: AZIO), a technology infrastructure company focused on developing artificial intelligence data centers and enterprise GPU compute infrastructure, announced a power purchase and hosting agreement with Power Champion Investment Limited at its Atlas One compute infrastructure campus in South Texas. The agreement establishes an initial contracted capacity of 10 megawatts (MW), with expansion rights up to 50 MW, subject to infrastructure improvements and other conditions.
Under the terms, AZIO AI will provide power, leased facility space, interconnectivity and hosting services for artificial intelligence computing equipment. At the initial capacity, the company expects approximately $1.5 million in monthly capacity reservation charges, totaling $90 million over the five-year initial term, excluding electricity sales and additional services. Full expansion to 50 MW could generate approximately $450 million in capacity reservation charges over the same period.
The agreement marks the first hosting contract at Atlas One, a 548-acre campus designed for up to 500 MW of planned power capacity. Approximately 11 MW has been secured to date, including 6 MW currently activated. No capacity has yet been energized under the new agreement, and expansion beyond the initial 10 MW has not been exercised. Service commencement remains subject to infrastructure development, required U.S. export control approvals and other contractual conditions.
For investors, the deal provides a tangible revenue framework for AZIO’s Project Atlas, which is developing behind-the-meter, power-backed campuses in Texas intended to support power-intensive compute workloads as additional generation, connectivity, customer commitments, and capital are secured. The company, formerly Envirotech Vehicles, Inc. (Nasdaq: EVTV), is positioning itself to serve the growing demand for AI compute infrastructure. The initial 10 MW contract alone represents a significant step, while the potential expansion to 50 MW underscores the scalability of the Atlas One campus.
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To view the full press release, visit https://ibn.fm/7uT4q. The latest news and updates relating to AZIO are available in the company’s newsroom at https://ibn.fm/AZIO.
The agreement highlights the ongoing buildout of AI infrastructure in the United States, where power availability and hosting capacity are critical to supporting advanced computing. AZIO’s ability to secure a first customer at Atlas One may serve as a signal of confidence in its development plans. However, risks remain, including the need for infrastructure improvements and export control approvals. Investors will be watching for further updates on energization and potential expansion.
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