Organization and Description of Business |
6 Months Ended | ||
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Jun. 30, 2026 | |||
| Organization and Description of Business [Abstract] | |||
| ORGANIZATION AND DESCRIPTION OF BUSINESS |
AIB Data Centers Inc. (formerly known as BlockchAIn Digital Infrastructure, Inc.) (the “Company” or “AIB” or “we”) is a Delaware corporation formed as a holding company. On June 25, 2026, the Company changed its corporate name from BlockchAIn Digital Infrastructure, Inc. to AIB Data Centers Inc. The Company’s common stock continues to trade on the NYSE American under the ticker symbol “AIB.” The name change did not affect the Company’s capital structure, operations, management, or legal organization. The Company operates through its wholly owned subsidiary, One Blockchain LLC (“One Blockchain” or “OBC”), which is engaged in data center operations and digital asset infrastructure services. One Blockchain primarily operates a high-performance computing facility in Spartanburg County, South Carolina, providing power infrastructure, hosting services, and equipment leasing to customers engaged in blockchain computing, artificial intelligence (“AI”), and high-performance data processing.
The Company’s core operations include hosting services, and leasing space, power capacity, and equipment within its data center facility to customers requiring computing power.
On May 27, 2025, the Company entered into a Business Combination Agreement (“BCA”) with Signing Day Sports, Inc. (“SGN” or “Signing Day Sports”), One Blockchain, and the other parties thereto, as amended on November 10, 2025, and as further amended on December 22, 2025.
Effective March 16, 2026 (the “transaction date”), the Company and SGN announced the successful completion of the business combination under the previously announced BCA. Under the BCA the Company is now the parent entity of both SGN and One Blockchain. The Company commenced trading on NYSE American on March 17, 2026, under the ticker symbol “AIB”. For additional details regarding the acquisition and the fair value measurements, refer to Note 4 - Business Combination and Control Obtained by a Related Party. See also Note 10 - Commitments and Contingencies.
On September 5, 2025, One Blockchain formed a wholly owned subsidiary, One Blockchain Nolan LLC, to support the expansion of its operations into the Texas market. The One Blockchain Nolan LLC subsidiary is now a sub-subsidiary (wholly owned by One Blockchain, which is wholly owned by AIB). The sub-subsidiary is expected to facilitate the development of new data center infrastructure.
On June 23, 2026, the Company formed AIB CLT1 LLC, a Delaware limited liability company and wholly-owned subsidiary of AIB Data Centers Inc., to serve as the special-purpose project entity for the development, ownership and operation of the Company’s approximately 65 MW AI/HPC data center campus (the “CLT-01 Campus”). AIB CLT1 LLC is expected to hold the project-level real property interests, ground lease, material customer, construction, equipment procurement and vendor contracts, and project-level financings relating to the CLT-01 Campus. The financial position and results of operations of AIB CLT1 LLC are consolidated in the Company’s condensed consolidated financial statements from the date of formation. |