AZIO AI Holdings (NASDAQ: AZIO) announced a power purchase and hosting agreement with Power Champion Investment Limited at its Atlas One compute infrastructure campus in South Texas, marking the first hosting contract for the 548-acre site designed for up to 500 MW of planned power capacity.
The agreement establishes an initial contracted capacity of 10 megawatts, with expansion rights up to 50 MW, subject to infrastructure improvements and other conditions. 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 deal underscores the surging demand for power-intensive AI compute infrastructure and positions AZIO AI as a growing player in the data center sector. The agreement is subject to infrastructure development, required U.S. export control approvals and other contractual conditions. No capacity has yet been energized under the new agreement, and expansion beyond the initial 10 MW has not been exercised. Approximately 11 MW has been secured to date at Atlas One, including 6 MW currently activated.
AZIO AI Holdings, formerly Envirotech Vehicles, Inc., is a technology infrastructure company focused on developing, owning, and operating artificial intelligence data centers, enterprise GPU compute infrastructure, digital power solutions, and other high compute operations. Through Project Atlas, the company 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 latest news and updates relating to AZIO are available in the company’s newsroom at https://ibn.fm/AZIO.
The announcement highlights the critical role of reliable power and hosting capacity in the AI boom, as companies race to secure infrastructure for training and deploying large models. With the potential for $450 million in capacity reservation charges, the agreement could provide significant long-term revenue for AZIO AI if fully expanded. However, forward-looking statements involve risks and uncertainties that may cause actual results to differ materially, including factors beyond management’s control. For full terms of use and disclaimers, see https://IBN.ai/Disclaimer. The original release is available on www.newmediawire.com.
