{"success":true,"data":{"pressRelease":{"id":"165395","rtpr_id":"nGNX5lWs7Z-20261009","ticker":"AZIO","exchange":"NASDAQ","all_tickers":["AZIO"],"title":"AZIO AI Signs First Hosting Agreement at Atlas One with Power Champion; 10 MW Contracted, with Expansion Rights to 50 MW Representing Up to Approximately $450 Million in Capacity Reservation Charges","author":"Globe Newswire","published_at":"2026-10-09T12:30:00.301Z","article_body":"Initial 10 MW deployment expected to generate approximately $90 million in\ncapacity reservation charges over the 60-month initial term, before\nelectricity sales; the $450 million figure assumes full exercise of expansion\nrights to 50 MW, which has not occurred\n\nHOUSTON, Oct. 09, 2026 (GLOBE NEWSWIRE) -- via IBN — AZIO AI Holdings, Inc.\n(https://www.globenewswire.com/Tracker?data=0xflT_urfWrptSSmgFQhxBviAFOBcTD31dKpQjW1KBo-CwqXJgzDj8RRLvzrcQq61WwRCBebo3Fs_VM36Je4e4PxWaBFAiwdoX4zdBGUWR0=)\n(Nasdaq: AZIO) (“AZIO AI” or the “Company”) today announced that it\nhas entered into a Power Purchase and Hosting Agreement (the “Agreement”)\nwith Power Champion Investment Limited (“Power Champion”) covering power\ndelivery, leased facility space and interconnectivity services at Atlas One,\nthe Company’s South Texas compute infrastructure campus. The Agreement\nestablishes an initial contracted capacity of 10 megawatts (“MW” and such\ncapacity, the “Initial Contracted Capacity”), with contractual expansion\nrights of up to a maximum contracted capacity of 50 MW (the “Maximum\nContracted Capacity”), subject to the completion of required infrastructure\nimprovements and other conditions described below.\n\nThe approximately $450 million figure referenced in the headline of this\nrelease represents capacity reservation charges that would be payable only if\nPower Champion exercises its expansion rights in full to the Maximum\nContracted Capacity, all required infrastructure is completed and all such\ncapacity is energized. As of the date of this release, the parties have\ncommitted to only the Initial Contracted Capacity under the Agreement, no\ncapacity has been energized under the Agreement, and no expansion right has\nbeen exercised.\n\nThe Agreement is the first hosting agreement executed at Atlas One. In an Aug.\n27, 2026, announcement, the Company disclosed that it was in discussions with\nPower Champion regarding potential hosting at the campus and that no agreement\nhad been entered into. The Agreement concludes those discussions.\n\nThe Agreement does not amend, replace, or supersede the power purchase and\nhosting agreement with Power Champion announced on July 9, 2026. The Initial\nContracted Capacity, Maximum Contracted Capacity, capacity reservation\ncharges, and energy rates described in this release relate solely to the\nAgreement and to Atlas One.\n\nUnder the Agreement, AZIO AI will serve as Power Champion’s exclusive power\nsupplier at the leased premises and will provide hosting, interconnectivity,\nand related infrastructure services supporting Power Champion’s deployment\nof AI GPU processors and associated advanced computing equipment.\n\nKey Commercial Terms\n* Contracted Capacity. Initial Contracted Capacity of 10 MW, with the right to\nrequest increases up to a Maximum Contracted Capacity of 50 MW — subject to\navailable capacity at the facility, completion of required infrastructure\nimprovements, execution of an amendment, and the Company’s written\nconfirmation that site infrastructure can support the increase.\n* Capacity Reservation Charge. $150.00 per kilowatts (kW) per month of\ncontracted capacity actually delivered and made available under the Agreement.\nPower Champion is not obligated to pay reservation charges on capacity that\nhas not been energized.\n* Energy. Fixed energy rate of $0.13 per kilowatt-hour (kWh) for metered\nconsumption during the Initial Term (as defined below), plus pass-through\nutility, transmission, regulatory, and tax charges billed at cost without\nmarkup. Energy charges are additional to, and not included in, the capacity\nreservation figures described in this release.\n* Term. Initial term of sixty (60) months (the “Initial Term”) from the\ndate on which the Company notifies Power Champion that the Initial Contracted\nCapacity is energized and available (the “Commencement Date”), with\nautomatic successive twelve-month renewal terms absent notice of non-renewal\n90 days prior to the expiration of the applicable renewal term.\n* Phased delivery. Capacity will be energized in phases. Achievement of Phase\n1 — delivery of at least the 10 Initial Contracted Capacity — establishes\nthe Commencement Date.\n* Cost allocation. AZIO AI will fund site qualification work — including\ninterconnection, substation, primary distribution, and backbone fiber — at\nits own cost and will retain ownership of those improvements. Power Champion\nwill fund the customer-specific build-out serving its load, which will be\ninstalled as property of AZIO AI and remain at the facility following\nexpiration or termination.\n* Availability. 99.9% annualized power availability commitment, subject to\ncustomary exclusions, with service credits as the exclusive remedy.\nContract Economics\n\nAt the Initial Contracted Capacity, the Company expects the Agreement to\ngenerate approximately $1.5 million per month, or approximately $90 million in\ncapacity reservation charges over the Initial Term, before electricity sales\nand additional infrastructure services. If Power Champion were to exercise its\nexpansion rights in full to the Maximum Contracted Capacity and all required\ninfrastructure were completed, the Company estimates capacity reservation\ncharges could total approximately $450 million over the Initial Term, before\nelectricity sales and additional infrastructure services.\n\nCapacity reservation charges are payable only on capacity actually delivered\nand made available. No assurance can be given that any expansion rights will\nbe exercised, that any capacity beyond the initial phase will be energized, or\nthat the Company will realize any portion of these amounts. Additional terms\nof the Agreement will be described in a Current Report on Form 8-K to be filed\nwith the Securities and Exchange Commission.\n\nAtlas One — Current Capacity Position\n\nAnnounced on Aug. 20, 2026, Atlas One spans more than 548 acres in South Texas\nand is engineered for up to 500 MW of planned behind-the-meter power capacity,\ndeveloped under the Company’s Project Atlas initiative.\n\nApproximately 11 MW of that planned capacity has been secured to date, of\nwhich approximately 6 MW is activated. The balance of the campus’s planned\ncapacity — including the capacity required to serve the full Initial\nContracted Capacity under the Agreement and any expansion beyond it — is\nplanned capacity that will require additional generation, equipment,\npermitting, financing, and customer commitments. The Company has not completed\nthe site qualification work necessary to deliver the initial Contracted\nCapacity and has not established a Commencement Date.\n\nUnder Section 9.1 of the Agreement, the Company retains the right to deliver\nthe contracted capacity at an alternative site of comparable size, capacity\nand energy rate, and the parties may relocate the facility by mutual written\nagreement.\n\nConditions, Approvals and Termination Rights\n\nThe Agreement is binding as of its effective date, but performance is subject\nto material conditions that investors should consider, including:\n* U.S. export control approvals. The Company’s hosting and power obligations\nare expressly conditioned on Power Champion obtaining all required U.S.\ngovernment approvals, licenses, and clearances — including from the Bureau\nof Industry and Security — for the purchase, import, deployment, and\noperation of AI GPU processors at the facility under the U.S. Export\nAdministration Regulations and other applicable regulatory frameworks. The\nCompany has no obligation to proceed with construction, energization, or\nservice commencement until Power Champion provides written evidence of those\napprovals. If any required approval is denied or revoked, either party may\nterminate without liability.\n* 180-day due diligence period. Power Champion may terminate during this\nperiod following the date of the Agreement only if a qualified third-party\nengineering assessment, obtained at its expense, concludes the facility cannot\nbe made capable of delivering the Initial Contracted Capacity through\ncommercially reasonable site qualification work.\n* Documentation still to be completed. A separate lease agreement, the\ncustomer build-out scope and budget, the detailed delivery milestone schedule,\nand the final deposit amounts remain subject to further written agreement\nbetween the parties.\nRelationship to the Previously Announced GPU Pipeline\n\nPower Champion is also the counterparty to the Company’s previously\nannounced agreement covering the purchase of up to 512 NVIDIA HGX B300\nsystems, which the Company has characterized as estimated sales pipeline value\nand not as backlog, contracted amounts, orders, or revenue. The Agreement does\nnot obligate Power Champion to deploy any of those systems at Atlas One, and\nthe deployment location for any systems purchased has not been determined. The\ncapacity contracted under the Agreement and the GPU sales pipeline measure\ndifferent things and are not additive.\n\nManagement Commentary\n\n“On August 27 we told the market we were in discussions with Power Champion\nabout hosting at Atlas One, and that we would announce an agreement if we\nreached one,” said Chris Young, Chief Executive Officer and Chairman of AZIO\nAI. “This is that agreement. Atlas One has a contracted customer.”\n\n“Power is the constraint on AI. This is what converting power into\ncontracted capacity looks like — sites, systems, hosting, and the\nelectricity underneath it, under one roof.”\n\n“Ten megawatts is what Power Champion has contracted for today. Fifty\nmegawatts is the ceiling the agreement allows them to grow into, and getting\nthere depends on generation, permitting, capital and their own export\napprovals — none of which we take for granted. We would rather show\nshareholders exactly where the work stands than announce a number and explain\nit later.”\n\nAbout AZIO AI Holdings, Inc.\n\nAZIO AI Holdings, Inc. (Nasdaq: AZIO), formerly Envirotech Vehicles, Inc.\n(Nasdaq: EVTV), is a technology infrastructure company focused on developing,\nowning, and operating artificial intelligence data centers, enterprise GPU\ncompute infrastructure, digital power solutions, and other high compute\noperations. Through Project Atlas, the Company is developing behind-the-meter,\npower-backed campuses in Texas intended to support power-intensive compute\nworkloads as additional generation, connectivity, customer commitments, and\ncapital are secured.\n\nFor more information, please go to: www.azioai.ai and for potential global\npartnerships contact: Info@AiVenturesGP.com\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995 and applicable federal\nsecurities laws. Forward-looking statements may be identified by words such as\n“may,” “will,” “could,” “expect,” “anticipate,”\n“believe,” “estimate,” “project,” “intend,” “plan,”\n“continue,” “potential,” “ongoing,” or the negative of these\nterms, although not all forward-looking statements contain such words.\n\nForward-looking statements in this release include, without limitation,\nstatements regarding: the parties’ respective performance under the ; the\ndelivery of the Initial Contracted Capacity and any expansion to the Maximum\nContracted Capacity; expected capacity reservation charges, energy revenue,\ncontract value and the timing of any such amounts; the achievement of the\nCommencement Date and any delivery milestone under the Agreement; the\ndevelopment, construction, energization, and expansion of Atlas One and future\nProject Atlas phases; the scope, cost, and completion of site qualification\nwork and customer build-out; the Company’s ability to secure additional\ngeneration, equipment, permitting, financing, and customer commitments for\nAtlas One; the relationship between the Agreement and the Company’s\npreviously announced GPU sales pipeline with Power Champion; and the\nCompany’s broader business strategy and long-term growth objectives.\n\nThese statements are based on current expectations and assumptions that\ninvolve risks and uncertainties that could cause actual results to differ\nmaterially, and most of the relevant factors are outside the Company’s\ncontrol. Such factors include, but are not limited to: the risk that the\nAgreement is terminated during the due diligence period or otherwise; the risk\nthat Power Champion does not obtain, or loses, required U.S. government export\ncontrol approvals, including from the Bureau of Industry and Security, without\nwhich the Company has no obligation to proceed; the risk that expansion rights\nare never exercised and that contracted capacity never exceeds the Initial\nContracted Capacity; the risk that the Company is unable to complete site\nqualification work on the anticipated timeline or at all; the Company’s\nability to secure the additional generation, interconnection, equipment,\npermitting, financing, and capital required to deliver capacity at Atlas One;\nthe risk that capacity is delivered at an alternative site or that the\nfacility is relocated; the risk that the separate lease agreement, customer\nbuild-out budget, and delivery milestone schedule are not agreed on terms\nacceptable to the Company or at all; counterparty credit and performance risk;\nthe Company’s limited operating history in AI infrastructure and compute\noperations; supply chain constraints and equipment availability; energy price\nand grid volatility; the risk that GPU systems covered by the Company’s\nsales pipeline with Power Champion are never ordered or deployed; changes in\ndigital asset markets; evolving compute demand and market conditions; and the\nadditional risks described in the Company’s most recent Annual Report on\nForm 10-K and subsequent Quarterly Reports on Form 10-Q filed with the SEC,\navailable at www.sec.gov. The Company undertakes no obligation to update\nforward-looking statements as a result of new information, future events, or\notherwise, except as required by law.\n\nCapacity Reservation Charges\n\nCapacity reservation figures described in this release represent contractual\ncharges payable only on capacity actually delivered and made available. They\nare not backlog, bookings, contracted revenue, or a revenue forecast, and are\npresented before electricity sales and additional infrastructure services. As\nof the date of this release, no capacity has been energized under the\nAgreement, no Commencement Date has been established, and no revenue has been\nrecognized in respect of the Agreement.\n\nNon-Additive Measures\n\nThe capacity reservation figures described in this release relate solely to\nthe Agreement and to Atlas One. They do not include, and are not a restatement\nof, amounts previously disclosed in connection with the separate July 9, 2026\npower purchase and hosting agreement with Power Champion, which is a distinct\nagreement covering a different site. Readers should not aggregate the figures\nin this release with the estimated GPU sales pipeline value announced on\nAugust 27, 2026, or with other previously disclosed capacity figures,\nagreement values or committed amounts. These measures address different things\nat different stages and are not cumulative.\n\nContacts\n\nCorporate Communications\n(https://www.globenewswire.com/Tracker?data=a9Tz3LxQ9TIPdY1BKRyM8BkjlQASYhFRw2rMRtNj07kktdB_hjdXbJNT2Eylh1BeEeEqhDHp4OAaOJw3FPMgxLSMNI8qNERpPomjRLeOYJaFjfLzWg5O2DWUBa2XWs-v-tslLejgooErE1uKEYEc1A==):\nIBN.Ai\nAustin, Texas\nwww.IBN.Ai \n512.354.7000 Office\nEditor@IBN.Ai\n\n\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/0789c66e-fd6e-4cf1-878b-24e04b56655e)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX5lWs7Z-20261009","title":"AZIO AI Signs First Hosting Agreement at Atlas One with Power Champion; 10 MW Contracted, with Expansion Rights to 50 MW Representing Up to Approximately $450 Million in Capacity Reservation Charges","author":"Globe Newswire","ticker":"AZIO","created":"2026-10-09T12:30:00.301Z","tickers":["AZIO"],"exchange":"NASDAQ","article_body":"Initial 10 MW deployment expected to generate approximately $90 million in\ncapacity reservation charges over the 60-month initial term, before\nelectricity sales; the $450 million figure assumes full exercise of expansion\nrights to 50 MW, which has not occurred\n\nHOUSTON, Oct. 09, 2026 (GLOBE NEWSWIRE) -- via IBN — AZIO AI Holdings, Inc.\n(https://www.globenewswire.com/Tracker?data=0xflT_urfWrptSSmgFQhxBviAFOBcTD31dKpQjW1KBo-CwqXJgzDj8RRLvzrcQq61WwRCBebo3Fs_VM36Je4e4PxWaBFAiwdoX4zdBGUWR0=)\n(Nasdaq: AZIO) (“AZIO AI” or the “Company”) today announced that it\nhas entered into a Power Purchase and Hosting Agreement (the “Agreement”)\nwith Power Champion Investment Limited (“Power Champion”) covering power\ndelivery, leased facility space and interconnectivity services at Atlas One,\nthe Company’s South Texas compute infrastructure campus. The Agreement\nestablishes an initial contracted capacity of 10 megawatts (“MW” and such\ncapacity, the “Initial Contracted Capacity”), with contractual expansion\nrights of up to a maximum contracted capacity of 50 MW (the “Maximum\nContracted Capacity”), subject to the completion of required infrastructure\nimprovements and other conditions described below.\n\nThe approximately $450 million figure referenced in the headline of this\nrelease represents capacity reservation charges that would be payable only if\nPower Champion exercises its expansion rights in full to the Maximum\nContracted Capacity, all required infrastructure is completed and all such\ncapacity is energized. As of the date of this release, the parties have\ncommitted to only the Initial Contracted Capacity under the Agreement, no\ncapacity has been energized under the Agreement, and no expansion right has\nbeen exercised.\n\nThe Agreement is the first hosting agreement executed at Atlas One. In an Aug.\n27, 2026, announcement, the Company disclosed that it was in discussions with\nPower Champion regarding potential hosting at the campus and that no agreement\nhad been entered into. The Agreement concludes those discussions.\n\nThe Agreement does not amend, replace, or supersede the power purchase and\nhosting agreement with Power Champion announced on July 9, 2026. The Initial\nContracted Capacity, Maximum Contracted Capacity, capacity reservation\ncharges, and energy rates described in this release relate solely to the\nAgreement and to Atlas One.\n\nUnder the Agreement, AZIO AI will serve as Power Champion’s exclusive power\nsupplier at the leased premises and will provide hosting, interconnectivity,\nand related infrastructure services supporting Power Champion’s deployment\nof AI GPU processors and associated advanced computing equipment.\n\nKey Commercial Terms\n* Contracted Capacity. Initial Contracted Capacity of 10 MW, with the right to\nrequest increases up to a Maximum Contracted Capacity of 50 MW — subject to\navailable capacity at the facility, completion of required infrastructure\nimprovements, execution of an amendment, and the Company’s written\nconfirmation that site infrastructure can support the increase.\n* Capacity Reservation Charge. $150.00 per kilowatts (kW) per month of\ncontracted capacity actually delivered and made available under the Agreement.\nPower Champion is not obligated to pay reservation charges on capacity that\nhas not been energized.\n* Energy. Fixed energy rate of $0.13 per kilowatt-hour (kWh) for metered\nconsumption during the Initial Term (as defined below), plus pass-through\nutility, transmission, regulatory, and tax charges billed at cost without\nmarkup. Energy charges are additional to, and not included in, the capacity\nreservation figures described in this release.\n* Term. Initial term of sixty (60) months (the “Initial Term”) from the\ndate on which the Company notifies Power Champion that the Initial Contracted\nCapacity is energized and available (the “Commencement Date”), with\nautomatic successive twelve-month renewal terms absent notice of non-renewal\n90 days prior to the expiration of the applicable renewal term.\n* Phased delivery. Capacity will be energized in phases. Achievement of Phase\n1 — delivery of at least the 10 Initial Contracted Capacity — establishes\nthe Commencement Date.\n* Cost allocation. AZIO AI will fund site qualification work — including\ninterconnection, substation, primary distribution, and backbone fiber — at\nits own cost and will retain ownership of those improvements. Power Champion\nwill fund the customer-specific build-out serving its load, which will be\ninstalled as property of AZIO AI and remain at the facility following\nexpiration or termination.\n* Availability. 99.9% annualized power availability commitment, subject to\ncustomary exclusions, with service credits as the exclusive remedy.\nContract Economics\n\nAt the Initial Contracted Capacity, the Company expects the Agreement to\ngenerate approximately $1.5 million per month, or approximately $90 million in\ncapacity reservation charges over the Initial Term, before electricity sales\nand additional infrastructure services. If Power Champion were to exercise its\nexpansion rights in full to the Maximum Contracted Capacity and all required\ninfrastructure were completed, the Company estimates capacity reservation\ncharges could total approximately $450 million over the Initial Term, before\nelectricity sales and additional infrastructure services.\n\nCapacity reservation charges are payable only on capacity actually delivered\nand made available. No assurance can be given that any expansion rights will\nbe exercised, that any capacity beyond the initial phase will be energized, or\nthat the Company will realize any portion of these amounts. Additional terms\nof the Agreement will be described in a Current Report on Form 8-K to be filed\nwith the Securities and Exchange Commission.\n\nAtlas One — Current Capacity Position\n\nAnnounced on Aug. 20, 2026, Atlas One spans more than 548 acres in South Texas\nand is engineered for up to 500 MW of planned behind-the-meter power capacity,\ndeveloped under the Company’s Project Atlas initiative.\n\nApproximately 11 MW of that planned capacity has been secured to date, of\nwhich approximately 6 MW is activated. The balance of the campus’s planned\ncapacity — including the capacity required to serve the full Initial\nContracted Capacity under the Agreement and any expansion beyond it — is\nplanned capacity that will require additional generation, equipment,\npermitting, financing, and customer commitments. The Company has not completed\nthe site qualification work necessary to deliver the initial Contracted\nCapacity and has not established a Commencement Date.\n\nUnder Section 9.1 of the Agreement, the Company retains the right to deliver\nthe contracted capacity at an alternative site of comparable size, capacity\nand energy rate, and the parties may relocate the facility by mutual written\nagreement.\n\nConditions, Approvals and Termination Rights\n\nThe Agreement is binding as of its effective date, but performance is subject\nto material conditions that investors should consider, including:\n* U.S. export control approvals. The Company’s hosting and power obligations\nare expressly conditioned on Power Champion obtaining all required U.S.\ngovernment approvals, licenses, and clearances — including from the Bureau\nof Industry and Security — for the purchase, import, deployment, and\noperation of AI GPU processors at the facility under the U.S. Export\nAdministration Regulations and other applicable regulatory frameworks. The\nCompany has no obligation to proceed with construction, energization, or\nservice commencement until Power Champion provides written evidence of those\napprovals. If any required approval is denied or revoked, either party may\nterminate without liability.\n* 180-day due diligence period. Power Champion may terminate during this\nperiod following the date of the Agreement only if a qualified third-party\nengineering assessment, obtained at its expense, concludes the facility cannot\nbe made capable of delivering the Initial Contracted Capacity through\ncommercially reasonable site qualification work.\n* Documentation still to be completed. A separate lease agreement, the\ncustomer build-out scope and budget, the detailed delivery milestone schedule,\nand the final deposit amounts remain subject to further written agreement\nbetween the parties.\nRelationship to the Previously Announced GPU Pipeline\n\nPower Champion is also the counterparty to the Company’s previously\nannounced agreement covering the purchase of up to 512 NVIDIA HGX B300\nsystems, which the Company has characterized as estimated sales pipeline value\nand not as backlog, contracted amounts, orders, or revenue. The Agreement does\nnot obligate Power Champion to deploy any of those systems at Atlas One, and\nthe deployment location for any systems purchased has not been determined. The\ncapacity contracted under the Agreement and the GPU sales pipeline measure\ndifferent things and are not additive.\n\nManagement Commentary\n\n“On August 27 we told the market we were in discussions with Power Champion\nabout hosting at Atlas One, and that we would announce an agreement if we\nreached one,” said Chris Young, Chief Executive Officer and Chairman of AZIO\nAI. “This is that agreement. Atlas One has a contracted customer.”\n\n“Power is the constraint on AI. This is what converting power into\ncontracted capacity looks like — sites, systems, hosting, and the\nelectricity underneath it, under one roof.”\n\n“Ten megawatts is what Power Champion has contracted for today. Fifty\nmegawatts is the ceiling the agreement allows them to grow into, and getting\nthere depends on generation, permitting, capital and their own export\napprovals — none of which we take for granted. We would rather show\nshareholders exactly where the work stands than announce a number and explain\nit later.”\n\nAbout AZIO AI Holdings, Inc.\n\nAZIO AI Holdings, Inc. (Nasdaq: AZIO), formerly Envirotech Vehicles, Inc.\n(Nasdaq: EVTV), is a technology infrastructure company focused on developing,\nowning, and operating artificial intelligence data centers, enterprise GPU\ncompute infrastructure, digital power solutions, and other high compute\noperations. Through Project Atlas, the Company is developing behind-the-meter,\npower-backed campuses in Texas intended to support power-intensive compute\nworkloads as additional generation, connectivity, customer commitments, and\ncapital are secured.\n\nFor more information, please go to: www.azioai.ai and for potential global\npartnerships contact: Info@AiVenturesGP.com\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995 and applicable federal\nsecurities laws. Forward-looking statements may be identified by words such as\n“may,” “will,” “could,” “expect,” “anticipate,”\n“believe,” “estimate,” “project,” “intend,” “plan,”\n“continue,” “potential,” “ongoing,” or the negative of these\nterms, although not all forward-looking statements contain such words.\n\nForward-looking statements in this release include, without limitation,\nstatements regarding: the parties’ respective performance under the ; the\ndelivery of the Initial Contracted Capacity and any expansion to the Maximum\nContracted Capacity; expected capacity reservation charges, energy revenue,\ncontract value and the timing of any such amounts; the achievement of the\nCommencement Date and any delivery milestone under the Agreement; the\ndevelopment, construction, energization, and expansion of Atlas One and future\nProject Atlas phases; the scope, cost, and completion of site qualification\nwork and customer build-out; the Company’s ability to secure additional\ngeneration, equipment, permitting, financing, and customer commitments for\nAtlas One; the relationship between the Agreement and the Company’s\npreviously announced GPU sales pipeline with Power Champion; and the\nCompany’s broader business strategy and long-term growth objectives.\n\nThese statements are based on current expectations and assumptions that\ninvolve risks and uncertainties that could cause actual results to differ\nmaterially, and most of the relevant factors are outside the Company’s\ncontrol. Such factors include, but are not limited to: the risk that the\nAgreement is terminated during the due diligence period or otherwise; the risk\nthat Power Champion does not obtain, or loses, required U.S. government export\ncontrol approvals, including from the Bureau of Industry and Security, without\nwhich the Company has no obligation to proceed; the risk that expansion rights\nare never exercised and that contracted capacity never exceeds the Initial\nContracted Capacity; the risk that the Company is unable to complete site\nqualification work on the anticipated timeline or at all; the Company’s\nability to secure the additional generation, interconnection, equipment,\npermitting, financing, and capital required to deliver capacity at Atlas One;\nthe risk that capacity is delivered at an alternative site or that the\nfacility is relocated; the risk that the separate lease agreement, customer\nbuild-out budget, and delivery milestone schedule are not agreed on terms\nacceptable to the Company or at all; counterparty credit and performance risk;\nthe Company’s limited operating history in AI infrastructure and compute\noperations; supply chain constraints and equipment availability; energy price\nand grid volatility; the risk that GPU systems covered by the Company’s\nsales pipeline with Power Champion are never ordered or deployed; changes in\ndigital asset markets; evolving compute demand and market conditions; and the\nadditional risks described in the Company’s most recent Annual Report on\nForm 10-K and subsequent Quarterly Reports on Form 10-Q filed with the SEC,\navailable at www.sec.gov. The Company undertakes no obligation to update\nforward-looking statements as a result of new information, future events, or\notherwise, except as required by law.\n\nCapacity Reservation Charges\n\nCapacity reservation figures described in this release represent contractual\ncharges payable only on capacity actually delivered and made available. They\nare not backlog, bookings, contracted revenue, or a revenue forecast, and are\npresented before electricity sales and additional infrastructure services. As\nof the date of this release, no capacity has been energized under the\nAgreement, no Commencement Date has been established, and no revenue has been\nrecognized in respect of the Agreement.\n\nNon-Additive Measures\n\nThe capacity reservation figures described in this release relate solely to\nthe Agreement and to Atlas One. They do not include, and are not a restatement\nof, amounts previously disclosed in connection with the separate July 9, 2026\npower purchase and hosting agreement with Power Champion, which is a distinct\nagreement covering a different site. Readers should not aggregate the figures\nin this release with the estimated GPU sales pipeline value announced on\nAugust 27, 2026, or with other previously disclosed capacity figures,\nagreement values or committed amounts. These measures address different things\nat different stages and are not cumulative.\n\nContacts\n\nCorporate Communications\n(https://www.globenewswire.com/Tracker?data=a9Tz3LxQ9TIPdY1BKRyM8BkjlQASYhFRw2rMRtNj07kktdB_hjdXbJNT2Eylh1BeEeEqhDHp4OAaOJw3FPMgxLSMNI8qNERpPomjRLeOYJaFjfLzWg5O2DWUBa2XWs-v-tslLejgooErE1uKEYEc1A==):\nIBN.Ai\nAustin, Texas\nwww.IBN.Ai \n512.354.7000 Office\nEditor@IBN.Ai\n\n\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/0789c66e-fd6e-4cf1-878b-24e04b56655e)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-09T12:30:00.344878482Z","server_sent_at_ms":1791549000344},"received_at":"2026-10-09T12:30:00.449Z","source_url":null},"analysis":{"id":"153794","press_release_id":"165395","analysis_json":{"industry":{"label":"IT Services","sector":"Information Technology"},"redFlags":["$450M headline figure assumes full expansion rights exercise that has not occurred and is not committed","No capacity energized, no Commencement Date established, and site qualification work incomplete","Deal contingent on US export control approvals (BIS) for Power Champion's AI GPU deployment; either party may terminate if denied","Lease agreement, build-out budget, milestone schedule, and deposit amounts still subject to further agreement","Company has only ~6 MW activated of ~500 MW planned campus capacity and limited operating history in AI infrastructure","Capacity reservation charges are not backlog, bookings, or revenue forecast"],"eventType":"operations_update","narrative":"AZIO AI signed its first hosting agreement at the Atlas One South Texas campus with Power Champion Investment Limited, establishing an initial 10 MW contracted capacity with expansion rights up to 50 MW.\n\nAt the initial capacity, the deal is expected to generate roughly $1.5 million per month, or about $90 million in capacity reservation charges over the 60-month initial term, before electricity sales; the $450 million headline figure applies only if Power Champion exercises all expansion rights, which has not occurred.\n\nKey caveats: no capacity is energized, no Commencence Date is set, the deal is conditioned on US export control approvals for Power Champion's AI GPUs (including BIS clearance), and key documents like the lease and build-out budget remain unsigned.\n\nPower Champion is also the counterparty to a previously announced pipeline of up to 512 NVIDIA HGX B300 systems, but the two measures are not additive and the pipeline is not backlog.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"First contracted customer at Atlas One validates the power-to-AI hosting thesis, but the $450M headline is aspirational — the firm commitment is only ~$90M and execution hinges on export approvals and buildout."},"keyFigures":{"customDimensions":{"energy_rate":"$0.13 per kWh fixed","initial_term_charges":"approximately $90 million over 60-month initial term (before electricity sales)","availability_commitment":"99.9% annualized","expansion_upside_charges":"approximately $450 million if full 50 MW expansion exercised (not committed)","monthly_revenue_run_rate":"$1.5 million per month","capacity_reservation_charge":"$150.00 per kW per month","atlas_one_planned_capacity_mw":500,"atlas_one_secured_capacity_mw":11,"initial_contracted_capacity_mw":10,"maximum_contracted_capacity_mw":50,"atlas_one_activated_capacity_mw":6}},"quotedText":"Ten megawatts is what Power Champion has contracted for today. Fifty megawatts is the ceiling the agreement allows them to grow into, and getting there depends on generation, permitting, capital and their own export approvals — none of which we take for granted.","namedEntities":{"people":[{"name":"Chris Young","role":"CEO and Chairman of AZIO AI"}],"products":["Atlas One","NVIDIA HGX B300"],"companies":[{"name":"AZIO AI Holdings, Inc.","ticker":"AZIO","relationship":"filer / host facility owner"},{"name":"Power Champion Investment Limited","relationship":"customer / hosting counterparty"}],"dollarAmounts":[{"amount":"approximately $450 million","context":"capacity reservation charges if full 50 MW expansion rights exercised"},{"amount":"approximately $90 million","context":"capacity reservation charges over 60-month initial term at 10 MW"},{"amount":"approximately $1.5 million per month","context":"monthly capacity reservation charge run rate at initial 10 MW"}]},"materialImpact":{"score":3,"reasoning":"First binding hosting agreement at Atlas One with ~$90M in capacity reservation charges over 60 months at the contracted 10 MW, and expansion rights to ~$450M. However, no capacity is energized, no Commencement Date exists, and the deal is conditioned on US export approvals and incomplete site work, so realization is far from assured."},"tickerRelevance":{"others":[],"primary":"AZIO"},"globalImportance":30,"audienceRelevance":45,"eventTypeSecondary":["partnership"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"first major hosting contract for early-stage AI data center developer","executionRisk":"high — capacity not energized, export approvals pending","retailFavoriteBoost":"recently pivoted EVTV -> AZIO AI data center story with retail following"}},"event_type":"operations_update","event_type_secondary":["partnership"],"sentiment":"bullish","material_impact_score":3,"narrative":"AZIO AI signed its first hosting agreement at the Atlas One South Texas campus with Power Champion Investment Limited, establishing an initial 10 MW contracted capacity with expansion rights up to 50 MW.\n\nAt the initial capacity, the deal is expected to generate roughly $1.5 million per month, or about $90 million in capacity reservation charges over the 60-month initial term, before electricity sales; the $450 million headline figure applies only if Power Champion exercises all expansion rights, which has not occurred.\n\nKey caveats: no capacity is energized, no Commencence Date is set, the deal is conditioned on US export control approvals for Power Champion's AI GPUs (including BIS clearance), and key documents like the lease and build-out budget remain unsigned.\n\nPower Champion is also the counterparty to a previously announced pipeline of up to 512 NVIDIA HGX B300 systems, but the two measures are not additive and the pipeline is not backlog.","key_figures":{"customDimensions":{"energy_rate":"$0.13 per kWh fixed","initial_term_charges":"approximately $90 million over 60-month initial term (before electricity sales)","availability_commitment":"99.9% annualized","expansion_upside_charges":"approximately $450 million if full 50 MW expansion exercised (not committed)","monthly_revenue_run_rate":"$1.5 million per month","capacity_reservation_charge":"$150.00 per kW per month","atlas_one_planned_capacity_mw":500,"atlas_one_secured_capacity_mw":11,"initial_contracted_capacity_mw":10,"maximum_contracted_capacity_mw":50,"atlas_one_activated_capacity_mw":6}},"named_entities":{"people":[{"name":"Chris Young","role":"CEO and Chairman of AZIO AI"}],"products":["Atlas One","NVIDIA HGX B300"],"companies":[{"name":"AZIO AI Holdings, Inc.","ticker":"AZIO","relationship":"filer / host facility owner"},{"name":"Power Champion Investment Limited","relationship":"customer / hosting counterparty"}],"dollarAmounts":[{"amount":"approximately $450 million","context":"capacity reservation charges if full 50 MW expansion rights exercised"},{"amount":"approximately $90 million","context":"capacity reservation charges over 60-month initial term at 10 MW"},{"amount":"approximately $1.5 million per month","context":"monthly capacity reservation charge run rate at initial 10 MW"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-09T12:30:09.594Z","global_importance":30,"audience_relevance":45,"importance_components":{"tickerTier":"small-cap","eventGravity":"first major hosting contract for early-stage AI data center developer","executionRisk":"high — capacity not energized, export approvals pending","retailFavoriteBoost":"recently pivoted EVTV -> AZIO AI data center story with retail following"}},"durationMs":9088,"modelName":"glm-5.3-flashx"}}