AZIO AI Signs First Hosting Agreement at Atlas One with Power Champion; 10 MW Contracted, with Expansion Rights to 50 MW Representing Up to Approximately $450 Million in Capacity Reservation Charges
The approximately $450 million figure referenced in the headline of this release represents capacity reservation charges that would be payable only if Power Champion exercises its expansion rights in full to the Maximum Contracted Capacity, all required infrastructure is completed and all such capacity is energized.
As of the date of this release, the parties have committed to only the Initial Contracted Capacity under the Agreement, no capacity has been energized under the Agreement, and no expansion right has been exercised.
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