PowerBank sees potential C$2 million in annual lease revenue from Ontario data center
SUUN•PowerBank forecasts approximately C$2 million in annual gross lease revenue from its planned 2 MW Ontario data center, with commercial operation anticipated in fiscal 2028. The project’s estimated facility capital costs are C$10 million, and it remains subject to securing a tenant, financing and permits.
1. Revenue forecast
PowerBank forecasts approximately C$2 million in annual gross lease revenue from its planned 2 MW Ontario data center, shared with its partner. The forecast covers the first full year after commercial operation, anticipated in fiscal 2028, ending June 30, 2028.
2. Project assumptions
The estimate assumes the facility leases all approximately 1.77 MW of IT capacity, with rent beginning at commercial operation and no rent-free period. Estimated facility capital costs are approximately C$10 million, excluding tenant-funded GPUs and computing equipment.
3. Conditions and timing
The project remains subject to securing a tenant, financing and permits. Construction is expected to take eight to 12 months following approvals.
