BlockchAIn Secures 25 MW AI Capacity LOIs Worth $500 Million, Expands Modular Deployment Partnerships
BlockchAIn’s South Carolina data center delivered $22.9 million revenue and $5.7 million net income in 2024 while advancing two letters of intent totaling 25 MW of AI capacity worth over $500 million across 10-year contracts. Strategic partnerships with Super Micro and Power and Data Management will accelerate modular deployments and hardware access.
1. Operating Foundation and 2024 Financials
BlockchAIn operates a 40 MW data center campus in South Carolina, which generated $22.9 million in revenue and $5.7 million in net income in 2024, providing a solid financial foundation for its AI and HPC infrastructure strategy.
2. Letters of Intent for 25 MW Capacity
The company has non-binding letters of intent for a 5 MW AI deployment with an international private equity firm and a 20 MW build-to-suit lease with a global cloud provider, representing over $500 million in expected initial contract value over 10-year terms, subject to definitive agreements.
3. Strategic Infrastructure Partnerships
Collaborations with Super Micro Computer improve access to high-density AI hardware, while a partnership with Power and Data Management LLC secures critical electrical components like transformers and switchgear to support the company’s modular deployment model.
4. Public Listing and Upcoming Events
Following its public listing, BlockchAIn has 37,629,058 shares outstanding, including approximately 4.4 million freely trading, and is preparing to file its FY2025 Form 10-K, report earnings, and host a webinar to discuss its strategic priorities and commercial progress.