AIB · BlockchAIn Digital Infrastructure, Inc.

BlockchAIn Digital Infrastructure, Inc. furnished an investor presentation concurrently with its Form 8-K filed May 19, 2026. The presentation provides a comprehensive business update, including Q1 2026 financials, capacity pipeline, and strategic positioning. Revenue grew 9% year-over-year to $4.9M, driven by a 7% increase in billable energy volume (77 GWh) and customer mix diversification from one to two customers. However, gross margin contracted to 12% from 27% due to higher energy procurement costs (~$0.056/kWh vs $0.046/kWh) while billing rates remained flat. The company reported a net loss of $0.3M and negative adjusted EBITDA of $0.2M, reflecting transaction costs and compressed spreads. Operationally, the company highlights ~40 MW live and cash-flowing, with ~90 MW under development and a 395 MW pipeline. A key milestone is a signed non-binding LOI for a build-to-suit facility with a global cloud provider representing $400M+ in total contract value over 10 years. The balance sheet was recapitalized via a reverse merger, resulting in $27.2M in stockholders' equity and zero traditional debt. Management emphasized a power-first strategy, targeting markets with available generation and transmission. The presentation outlines a GP/LP development model for future projects, though no fund has been established. Overall, the report underscores the company's transition to an AI-focused digital infrastructure platform.