Highlights

  • AIB Data Centers Inc. (NYSEAMERICAN:AIB) is a Delaware holding company that operates through its subsidiary One Blockchain LLC, which.
  • Its Form 10-Q for the quarter ended 30 June 2026 is the latest company filing I reviewed.
  • Second-quarter revenue was $2.92 million, down about 39% from $4.74 million in the second quarter of 2025.
  • Only the last few weeks of the quarter were affected by the 5 June de-energisation, so the third quarter.

AIB Data Centers Inc. (NYSEAMERICAN:AIB) is a Delaware holding company that operates through its subsidiary One Blockchain LLC, which runs a high-performance computing data centre in Spartanburg County, South Carolina. It was previously named BlockchAIn Digital Infrastructure, Inc., and changed its name on 25 June 2026. Its Form 10-Q for the quarter ended 30 June 2026 is the latest company filing reviewed.

The shares began trading on NYSE American under the ticker AIB on 17 March 2026, after a business combination with Signing Day Sports closed on 16 March. That transaction left both One Blockchain and Signing Day Sports as wholly owned subsidiaries and produced goodwill of about $23.9 million, which the filing describes as preliminary.

Revenue and losses

Second-quarter revenue was $2.92 million, down about 39% from $4.74 million in the second quarter of 2025. Revenue for the six months to 30 June was $7.83 million. The net loss for the quarter was $3.48 million and for the half year $3.75 million.

Only the last few weeks of the quarter were affected by the 5 June de-energisation, so the third quarter will be the first full test of the new revenue base. Subtracting the second quarter from the half-year totals implies first-quarter revenue of about $4.9 million and a first-quarter net loss of about $0.27 million, my own arithmetic. The loss therefore deepened sharply in the second quarter.

A pivot from bitcoin hosting to AI capacity

On 5 June 2026 the company de-energised substantially all of its bitcoin-mining hosting operations. Management expects hosting revenue to decline significantly from the third quarter. On 23 June it formed AIB CLT1 LLC to develop an approximately 65 megawatt AI and high-performance computing campus, referred to as the CLT-01 Campus.

These are plans and corporate steps, not completed capacity or contracted revenue. The excerpts of the filing reviewed did not set out customer agreements, construction costs or a timetable for the new campus, and readers should consult the full document for those details.

Cash from a public offering

Cash was $52.78 million at 30 June 2026, compared with just $15,265 at 31 December 2025. The change came mostly from a June 2026 public offering that raised net proceeds of about $58.97 million. Issuing shares on that scale increases the share count and dilutes existing holders.

The cash balance is roughly 18 times quarterly revenue of $2.9 million. The $52.77 million increase in cash is about $6.2 million less than the net offering proceeds, a gap consistent with cash being used elsewhere in the half year, though the cash-flow statement would show exactly how. Whether they are sufficient to fund a 65 megawatt build is not something the material reviewed addresses, and the filing's liquidity and going-concern disclosures were outside the portion of the document I could read.

Share price, benchmark and what to watch

StockAnalysis.com recorded AIB closing at $1.33 on 30 September 2026, down about 22% from $1.71 on 29 September, on volume of roughly 27.7 million shares against about 1.1 million the previous day. Google Finance showed an intraday price of $1.46 that morning, down 14.3%. The reviewed material did not establish a more recent close and did not identify a company announcement explaining the fall, so I attribute it to no cause.

The reviewed material did not establish AIB Data Centers as a constituent of a named index from an authoritative source, so the Russell Microcap Index is used only as a labelled benchmark. Nothing here implies index membership.

Points to watch include the financing and timetable of the CLT-01 campus, any signed customers, the size of the hosting revenue decline in the third quarter, and share-count dilution. Because the shares have traded for only about seven months, price history is limited.