AIB Data Centers (AIB) Q1 2026 earnings summary

Executive summary

• Operates a 40 MW data center in South Carolina, providing hosting and infrastructure for blockchain, AI, and high-performance computing workloads.

• Revenue grew 9% year-over-year to $4.9 million, driven by customer diversification and higher billable energy volume.

• Completed a business combination with Signing Day Sports, Inc. on March 16, 2026, and began trading on NYSE American as AIB, increasing stockholders' equity to $27.2 million.

• Strategic focus is shifting from hosting-based revenue to expanding owned infrastructure, diversifying into HPC markets, and executing AI-focused initiatives and collaborations.

• Net cash from operating activities more than tripled to $1.3 million year-over-year.

Financial highlights

• Q1 2026 revenue was $4.9M, up 9% year-over-year from $4.5M in Q1 2025, driven by a more diversified customer base.

• Gross profit declined to $0.6M (12% margin) from $1.2M (27% margin) due to higher energy costs not passed to customers.

• Net loss of $0.3M in Q1 2026, or $(0.01) per share, compared to net income of $0.5M, or $0.01 per share, in Q1 2025.

• Adjusted EBITDA was a loss of $0.2M, down from positive $0.8M in Q1 2025.

• Cash at March 31, 2026 was $1.3M, up from less than $0.1M a year earlier, reflecting business combination and improved operating cash flow.

Outlook and guidance

• Management expects continued demand for high-power data center capacity, driven by AI and HPC workloads.

• Plans to reduce exposure to bitcoin price volatility by expanding HPC hosting, which offers more stable, long-term contracts.

• Focus on converting opportunities into agreements, executing AI and HPC infrastructure strategy, and scaling assets.

• Financial priorities include disciplined cost management, customer diversification, and prudent capital allocation.

• Believes current liquidity, related-party support, and access to capital markets are sufficient for foreseeable obligations.