DealsJun 1, 2026, 04:57 PM
BlockchAIn Digital Infrastructure Signs 15-Year Electric Service Agreement
AI Summary
BlockchAIn Digital Infrastructure, Inc. announced that its subsidiary, One Blockchain, LLC, has entered into a 15-year Electric Service Agreement with a local utility provider. This agreement, effective October 1, 2026, will supply up to 65,000 kilovolt-amperes of electric power to the company's CLT01 data center campus, with initial delivery targeted for December 15, 2026. The deal replaces an existing agreement and ensures continuous power supply, expanding the contracted utility load from 40 MW to 65 MW to meet growing AI and high-performance computing demand. Key terms include a minimum monthly demand charge of $400,000 with a deferral mechanism, a security deposit, and an early termination fee.
Key Highlights
- BlockchAIn Digital Infrastructure subsidiary One Blockchain, LLC signed a 15-year Electric Service Agreement with a utility provider.
- The agreement commences October 1, 2026, ensuring no lapse in electric supply.
- Initial delivery of 65,000 kilovolt-amperes of electric power to CLT01 data center campus is targeted for December 15, 2026.
- Minimum monthly demand charge is $400,000, with a deferral mechanism for $200,000 per month until December 31, 2027, or demand reaches 40,000 kilovolt-amperes.
- Company must provide a security deposit equal to two months of maximum estimated billing.
- A $250,000 infrastructure early termination fee is required, to be credited against power bills.
- The agreement expands contracted utility load at CLT-01 from 40 MW to 65 MW.
Price Impact
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