BlockchAIn Appoints New Project Manager to Drive AI Data Center Construction
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
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Source: Newsfilter
- Rich Project Management Experience: Nicholas Ukachi has been appointed as Project Manager at BlockchAIn effective June 1, 2026, bringing over 16 years of data center project management experience from Vantage Data Centers and HP, which is expected to enhance the company's execution capabilities in AI data center construction.
- Clear Construction Timeline: Under Ukachi's leadership, BlockchAIn aims to complete AI data center construction within a 9 to 12-month timeframe, a schedule that will help the company gain higher market recognition, especially given the generally higher market valuations for AI data center assets.
- Strong Team Strength: Ukachi will collaborate with Christopher Iannacone, former Director of Project Management at Amazon, who has over 25 years of experience in North American data center construction and has overseen more than 3 gigawatts of data center capacity, thereby enhancing BlockchAIn's project execution depth.
- Market Revaluation Potential: Currently trading at approximately $2 million per operating megawatt, BlockchAIn is positioned to improve market recognition through the achievement of delivery milestones in AI data center construction, further strengthening its competitiveness in the digital infrastructure sector.
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About AIB
PS International Group Ltd is a company principally engaged in the logistics and optional ancillary logistics service provision business. The Company mainly operates cross border logistic services such as air freight forwarding, ocean freight forwarding, overland logistic and supply chain ancillary services. The Company also provides integrated solutions that combine ocean, air, and overland logistics. The Company mainly provides its services to cross-border merchants, brands and e-Commerce platforms.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Offering Size: BlockchAIn successfully priced its public offering of 33,333,334 shares at $1.65 per share, raising approximately $55 million, reflecting strong market confidence in its digital infrastructure business.
- Use of Proceeds: The net proceeds from the offering will be allocated for working capital, capital expenditures, and general corporate purposes, aimed at supporting the growth of its AI workloads and enhancing competitive positioning.
- Underwriting Arrangement: The company has granted the underwriter a 45-day option to purchase an additional 4,999,999 shares at the same price, a flexible underwriting strategy that helps meet market demand and improve fundraising efficiency.
- Regulatory Compliance: The registration statement for this offering was declared effective by the SEC on June 4, 2026, ensuring the legality and transparency of the offering, thereby boosting investor confidence.
See More
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- Use of Proceeds: The net proceeds from the offering will be allocated for working capital, capital expenditures, and general corporate purposes, aimed at supporting the company's ongoing growth and expansion efforts.
- Underwriter Option: The company has granted the underwriter a 45-day option to purchase an additional 4.99 million shares at the public offering price, providing flexibility for potential further financing opportunities.
- Expected Closing Date: The offering is expected to close on or about June 8, 2026, marking a significant milestone for the company in the capital markets and potentially laying the groundwork for future business development.
See More
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- Rich Project Management Experience: Nicholas Ukachi has been appointed as Project Manager at BlockchAIn effective June 1, 2026, bringing over 16 years of data center project management experience from Vantage Data Centers and HP, which is expected to enhance the company's execution capabilities in AI data center construction.
- Clear Construction Timeline: Under Ukachi's leadership, BlockchAIn aims to complete AI data center construction within a 9 to 12-month timeframe, a schedule that will help the company gain higher market recognition, especially given the generally higher market valuations for AI data center assets.
- Strong Team Strength: Ukachi will collaborate with Christopher Iannacone, former Director of Project Management at Amazon, who has over 25 years of experience in North American data center construction and has overseen more than 3 gigawatts of data center capacity, thereby enhancing BlockchAIn's project execution depth.
- Market Revaluation Potential: Currently trading at approximately $2 million per operating megawatt, BlockchAIn is positioned to improve market recognition through the achievement of delivery milestones in AI data center construction, further strengthening its competitiveness in the digital infrastructure sector.
See More
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- Extensive Experience: Heitz brings over 25 years of enterprise and infrastructure business development experience, having served as Sales Director at Cologix where he executed large-scale hyperscale deployments worth hundreds of millions, earning four-time Presidents Club recognition and averaging 180% of quota from 2021 to 2025.
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See More
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- Significant Cash Flow Improvement: Net cash provided by operating activities exceeded $1.3 million, more than tripling from $0.4 million in the prior year, demonstrating notable progress in operational efficiency and cash management, thereby enhancing financial stability.
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See More
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- Rich Project Experience: Iannacone previously served as Director of Project Management at Amazon, where he oversaw the construction of over 3 gigawatts of data center capacity, managed teams of over 100 personnel, and allocated more than $500 million in capital, providing valuable expertise for BlockchAIn's AI data center transformation.
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- Technical Depth and Execution Capability: Iannacone's engineering background and leadership in mission-critical environments will provide essential technical support for BlockchAIn's future project conversions and commissioning, ensuring the company remains competitive in the rapidly evolving AI market.
See More
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- Offering Size: BlockchAIn successfully priced its public offering of 33,333,334 shares at $1.65 per share, raising approximately $55 million, reflecting strong market confidence in its digital infrastructure business.
- Use of Proceeds: The net proceeds from the offering will be allocated for working capital, capital expenditures, and general corporate purposes, aimed at supporting the growth of its AI workloads and enhancing competitive positioning.
- Underwriting Arrangement: The company has granted the underwriter a 45-day option to purchase an additional 4,999,999 shares at the same price, a flexible underwriting strategy that helps meet market demand and improve fundraising efficiency.
- Regulatory Compliance: The registration statement for this offering was declared effective by the SEC on June 4, 2026, ensuring the legality and transparency of the offering, thereby boosting investor confidence.
See More
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- Offering Size: BlockchAIn Digital Infrastructure announced the public offering of 33.33 million shares at a price of $1.65 per share, aiming for total gross proceeds of approximately $55 million, reflecting the company's proactive financing strategy in the capital markets.
- Use of Proceeds: The net proceeds from the offering will be allocated for working capital, capital expenditures, and general corporate purposes, aimed at supporting the company's ongoing growth and expansion efforts.
- Underwriter Option: The company has granted the underwriter a 45-day option to purchase an additional 4.99 million shares at the public offering price, providing flexibility for potential further financing opportunities.
- Expected Closing Date: The offering is expected to close on or about June 8, 2026, marking a significant milestone for the company in the capital markets and potentially laying the groundwork for future business development.
See More
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- Rich Project Management Experience: Nicholas Ukachi has been appointed as Project Manager at BlockchAIn effective June 1, 2026, bringing over 16 years of data center project management experience from Vantage Data Centers and HP, which is expected to enhance the company's execution capabilities in AI data center construction.
- Clear Construction Timeline: Under Ukachi's leadership, BlockchAIn aims to complete AI data center construction within a 9 to 12-month timeframe, a schedule that will help the company gain higher market recognition, especially given the generally higher market valuations for AI data center assets.
- Strong Team Strength: Ukachi will collaborate with Christopher Iannacone, former Director of Project Management at Amazon, who has over 25 years of experience in North American data center construction and has overseen more than 3 gigawatts of data center capacity, thereby enhancing BlockchAIn's project execution depth.
- Market Revaluation Potential: Currently trading at approximately $2 million per operating megawatt, BlockchAIn is positioned to improve market recognition through the achievement of delivery milestones in AI data center construction, further strengthening its competitiveness in the digital infrastructure sector.
See More
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- Leadership Appointment: BlockchAIn announced the appointment of Gary Heitz as Vice President of Sales effective May 21, 2026, tasked with leading business development, client acquisition, and account strategy to enhance the company's competitiveness in the data center market.
- Extensive Experience: Heitz brings over 25 years of enterprise and infrastructure business development experience, having served as Sales Director at Cologix where he executed large-scale hyperscale deployments worth hundreds of millions, earning four-time Presidents Club recognition and averaging 180% of quota from 2021 to 2025.
- Strategic Growth Potential: His tenure at Google equipped him with exceptional sales execution skills, achieving an average of 135% quota attainment over four years and driving 200% incremental growth, which is expected to inject new momentum into BlockchAIn's growth trajectory.
- Strong Market Demand: Heitz emphasized that the fundamentals driving demand for data center capacity have never been stronger, indicating that BlockchAIn possesses the capability and ambition to meet this demand, suggesting a continued expansion of its market share in the future.
See More
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- Revenue Growth: BlockchAIn's Q1 revenue increased by 9% year-over-year to $4.9 million, reflecting diversification of its customer base and improved billable energy volume, indicating sustained market demand in the digital infrastructure sector.
- Significant Cash Flow Improvement: Net cash provided by operating activities exceeded $1.3 million, more than tripling from $0.4 million in the prior year, demonstrating notable progress in operational efficiency and cash management, thereby enhancing financial stability.
- Substantial Increase in Shareholder Equity: As of March 31, 2026, total stockholders' equity rose to $27.2 million from $7.9 million on December 31, 2025, primarily due to the business combination with Signing Day Sports, strengthening the company's capital foundation.
- Strategic Collaborations and Expansion: The company entered into strategic collaborations with Power and Data Management LLC and Super Micro Computer, Inc. to support multi-site data center development, which is expected to further drive the growth of its AI infrastructure platform and market expansion.
See More
BlockchAIn Appoints New Execution Director to Enhance AI Data Center Strategy
- Leadership Enhancement: BlockchAIn has appointed Christopher Iannacone as the new Execution Director, overseeing all construction projects across the GP/LP development platform, and his 25+ years of experience in data center construction is expected to improve project execution efficiency.
- Rich Project Experience: Iannacone previously served as Director of Project Management at Amazon, where he oversaw the construction of over 3 gigawatts of data center capacity, managed teams of over 100 personnel, and allocated more than $500 million in capital, providing valuable expertise for BlockchAIn's AI data center transformation.
- Accelerated Strategic Transformation: Iannacone emphasizes the strategy of converting existing utility-backed mining infrastructure into dedicated AI data center capacity, addressing the urgent need for power access in the market, thereby accelerating the company's positioning in AI and high-performance computing.
- Technical Depth and Execution Capability: Iannacone's engineering background and leadership in mission-critical environments will provide essential technical support for BlockchAIn's future project conversions and commissioning, ensuring the company remains competitive in the rapidly evolving AI market.
See More
