Contracted Capacity, Containers on the Water: AZIO AI Moves Atlas One Into Its Equipment Phase

AZIO AI’s Texas build ow u s o two t acks: a sig ed 10 MW Powe Champio co t act at $150 pe kW pe mo th, a d i c eme tal capacity fo othe GPU clie ts at a ta geted $255

HOUSTON, Nov. 06, 2026 (GLOBE NEWSWIRE) — P oject Atlas O e is movi g f om pla s i to equipme t. AZIO AI Holdi gs, I c. (Nasdaq: AZIO) has co tai e s o the wate , equipme t comi g i o e step at a time a d a phased build coo di ated with Texas site pa t e Texoil Ve tu es LLC, alo gside its sig ed 10 MW Powe Champio co t act.

Co t acted today: Powe Champio — 10 MW at $150 pe kW pe mo th, o $1.5 millio pe mo th at full delive y (about $90 millio ove 60 mo ths).

What is co t acted todayToday, the o ly sig ed custome co t act at Atlas O e is AZIO’s i f ast uctu e hosti g ag eeme t with Powe Champio : 10 MW at $150 pe kW pe mo th, o $1.5 millio pe mo th at full delive y a d app oximately $90 millio ove the 60-mo th i itial te m.

Capacity cha ges apply o ly to capacity delive ed a d e e gized, a d e e gy is billed sepa ately at $0.13 pe kWh. These a e co t acted capacity eco omics, ot ecog ized eve ue.

No capacity u de the Powe Champio ag eeme t has bee e e gized to date, a d comme ceme t has ot bee established.

The ag eeme t, a ou ced o Oct. 9, 2026, also ca ies expa sio ights to 50 MW. The 10 MW Powe Champio block sits beside — a d is sepa ate f om — the pla ed 11 MW Phase O e; it is ot i side Phase O e. That gives AZIO two disti ct t acks: executi g o its Powe Champio ag eeme t a d buildi g i c eme tal capacity fo othe GPU clie ts.

Co tai e s o the wate . Equipme t i seque ce.The update ma ks a shift i whe e the wo k is happe i g. Pla i g is tu i g i to logistics, with equipme t movi g th ough a delibe ate seque ce of o de i g, shippi g, eceipt a d stagi g, so that each pa t of the build a ives whe the site is eady to use it.

“Co tai e s a e o the wate , a d equipme t is comi g i o e step at a time, exactly the way we pla ed it,” said Elgi T acy, Chief Ope ati g Office of AZIO AI. “We a e ot t yi g to la d eve ythi g at o ce. Each a ival is matched to the phase it se ves, so capital goes to wo k i o de a d eve y step ca be measu ed befo e we take the ext o e. That is discipli ed executio , a d it is how we i te d to build Atlas O e.”

AZIO AI is buildi g Atlas O e as a modula , phased AI compute campus, with capacity pla ed o e megawatt at a time. The Compa y is b eaki g the build i to p actical blocks of wo k, each with its ow equipme t, co ectivity a d site equi eme ts. The ea -te m focus is to wo k towa d the 6 MW p og ess ta get withi the pla ed 11 MW Phase O e.

The equipme t schedule follows the same logic. Phased a ivals let the team eceive, i spect a d stage equipme t agai st a defi ed pla i stead of abso bi g o e la ge delive y. What the team lea s i stalli g o e block ca ies i to the ext.

Room fo othe GPU clie tsBeside the Powe Champio block, AZIO is ta geti g $255 pe kW pe mo th fo othe GPU clie ts o i c eme tal capacity. That is a ta get ate fo additio al custome busi ess — ot a sig ed co t act at $255, a d sepa ate f om Powe Champio ‘s co t acted $150 ate.

At that ta geted ate, 6 MW of i c eme tal capacity would ep ese t $1.53 millio pe mo th, o app oximately $18.4 millio pe yea . The pla ed 11 MW Phase O e would ep ese t $2.805 millio pe mo th, o app oximately $33.7 millio pe yea . These illust atio s sit beside, ot i side, the Powe Champio eco omics a d depe d o additio al custome ag eeme ts a d delive y of the co espo di g capacity.

Beyo d Phase O e, AZIO has desc ibed a lo ge -te m pla ed path of up to 500 MW. That emai s a developme t objective subject to the capital, i f ast uctu e a d custome commitme ts eeded fo late phases; the focus of this update is the equipme t phase ow u de way.

“The Powe Champio co t act gives us a defi ed capacity fou datio at $150 pe kW pe mo th, a d $255 is the ate we a e ta geti g as we b i g i othe GPU clie ts,” T acy said. “Now we a e getti g equipme t i , wo ki g towa d the 6 MW p og ess ta get a d buildi g towa d the full 11 MW of Phase O e. Co tai e s, equipme t, capacity — o e step at a time, with each step movi g Atlas O e fo wa d.”

P oject Atlas is AZIO AI’s p og am to develop behi d-the-mete , powe -backed AI compute campuses i Texas. Atlas O e is the fi st site u de the p og am. The Compa y is coo di ati g site eadi ess with Texoil Ve tu es LLC so that i comi g equipme t ca be eceived a d staged i step with the phased build.

AZIO’s ext steps a e co c ete: eceive a d stage i comi g equipme t, adva ce i stallatio block by block, wo k towa d the 6 MW p og ess ta get a d build towa d the full 11 MW Phase O e alo gside the Powe Champio co t act. The Compa y expects to p ovide updates as equipme t a ives a d phases adva ce.

Fo AZIO, each equipme t a ival moves the pla fo wa d: eceive it, stage it a d build the ext block.

AZIO AI Holdi gs, I c. (Nasdaq: AZIO) develops AI compute a d powe i f ast uctu e. P oject Atlas is its p og am fo behi d-the-mete , powe -backed AI compute campuses i Texas. Mo e i fo matio : www.azioai.ai.

Fo wa d-Looki g Stateme tsThis a ticle co tai s fo wa d-looki g stateme ts withi the mea i g of the P ivate Secu ities Litigatio Refo m Act of 1995, i cludi g stateme ts about the Compa y’s pla s to develop P oject Atlas O e o a modula , phased basis; equipme t shippi g, delive y, eceipt, stagi g a d i stallatio ; the pla ed 11 MW Phase O e a d 6 MW p og ess ta get, i c eme tal to the sepa ate 10 MW Powe Champio block; the lo ge -te m developme t objective of up to 500 MW; pe fo ma ce a d eco omics u de the Powe Champio ag eeme t; the ta geted $255 pe kW pe mo th capacity ate fo othe GPU clie ts a d p ojected eve ue f om i c eme tal capacity; a d site coo di atio with Texoil Ve tu es LLC. Actual esults may diffe mate ially because of shippi g a d supply chai delays, equipme t defects o sho tfalls, capital availability, fuel o ge e atio co st ai ts, co ectivity o i te co ectio delays, pe mits a d app ovals, custome dema d a d p ici g, failu e to secu e additio al custome commitme ts, cou te pa ty pe fo ma ce o o -payme t, capacity delive y o e e gizatio delays, cha ges i law o ma ket co ditio s, the Compa y’s limited ope ati g histo y i AI compute campuses a d e e gy i f ast uctu e, a d isks desc ibed i its most ece t Fo m 10-K a d subseque t Fo m 10-Q fili gs at www.sec.gov.

The Powe Champio figu es of $1.5 millio pe mo th a d app oximately $90 millio ove 60 mo ths assume the full 10 MW is delive ed a d e e gized th oughout that te m a d the cou te pa ty pe fo ms. They desc ibe co t acted capacity eco omics, ot ecog ized eve ue, a d a e ot assu ed; they exclude sepa ate e e gy cha ges of $0.13 pe kWh. The $255 ate is ma ageme t’s ta geted ate fo othe GPU clie ts, ot a co t acted Powe Champio ate o a sig ed co t act at $255. P ojected i c eme tal capacity figu es a e illust atio s, ot guida ce, a d exclude ope ati g costs, fuel, capital expe ditu es a d othe expe ses. Thei achieveme t depe ds o custome ag eeme ts, capacity delive y a d e e gizatio , a d may diffe mate ially o ot occu . The lo ge -te m capacity objective depe ds o additio al capital, i f ast uctu e a d custome s a d may ot be achieved. The Compa y u de takes o obligatio to update these stateme ts except as equi ed by law. This a ticle is ot a offe to sell o a solicitatio of a offe to buy a y secu ity.

Media co tact: I vesto Relatio s Elgi .T acy@azioai.ai