AIB Data Centers

Strength today comes from a hard-to-replicate utility commitment: a 15-year electric service agreement for 65,000 kVA at CLT-01 in South Carolina, plus an energized 40 MW legacy site to retrofit.

That combination can compress delivery timelines relative to greenfield builds, and in AI/HPC colocation, time-to-power is a critical determinant of value. Switching costs for AI tenants can be high once deployed given liquid-cooling integration, density, and data gravity, supporting stickiness if AIB lands multi-year, credit-backed leases.

However there is little evidence of durable pricing power or network effects until first long-term contracts are signed and operating performance is proven. Large, well-capitalized incumbents and hyperscale-aligned neoclouds can outspend on capex and supply chains, limiting cost-advantage moats.

Overall, potential moat exists around power-first siting and density specialization, but it is unproven and single-site concentrated today.