AZIO AI Holdings Lands First Tenant at South Texas Atlas One Campus with Potential $450M Contract

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. The agreement establishes an initial contracted capacity of 10 megawatts (MW), 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 (AI) 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 agreement marks the first hosting contract at Atlas One, a 548-acre campus designed for up to 500 MW of planned power capacity. Approximately 11 MW has been secured to date, including 6 MW currently activated. No capacity has yet been energized under the new agreement, and expansion beyond the initial 10 MW has not been exercised. Service commencement remains subject to infrastructure development, required U.S. export control approvals and other contractual conditions.

For Texas, the deal represents a significant step in the state's emergence as a hub for AI infrastructure. The initial 10 MW contract alone is expected to generate $90 million in capacity reservation charges over five years, while full expansion could bring $450 million. These figures exclude additional revenue from electricity sales and other services, underscoring the potential economic impact. The Atlas One campus, with its 548 acres and planned 500 MW capacity, is designed to support power-intensive compute workloads, positioning Texas as a destination for companies seeking reliable, scalable power for AI operations.

AZIO AI Holdings, formerly Envirotech Vehicles, Inc. (Nasdaq: EVTV), is a technology infrastructure company focused on developing, owning, and operating AI 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.

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While the agreement is a positive development, it is not without conditions. No capacity has been energized, and expansion beyond 10 MW has not been exercised. Service commencement depends on infrastructure development, U.S. export control approvals, and other contractual conditions. Investors and industry observers will monitor progress as AZIO works to bring the initial 10 MW online and potentially expand to 50 MW.