BlockchAIn CEO Issues Shareholder Letter Emphasizing AI Infrastructure Strategy
BlockchAIn CEO Jerry Tang issued a letter to shareholders, which read in part, "With our public listing now complete, our focus is clear: execute against our strategy as a public company and continue building BlockchAIn into a scalable digital infrastructure platform purpose-built for artificial intelligence and high-performance computing workloads. Over the past several weeks, we announced a number of developments that underscore where BlockchAIn stands today and where we are headed next. These milestones reflect a company with an existing operating foundation, growing commercial momentum, and a strategy centered on power, infrastructure, and disciplined execution. BlockchAIn enters this next phase with an existing 40 MW operating data center campus in South Carolina that generated approximately $22.9M in revenue and approximately $5.7M in net income in 2024. This operating base is important because it shows that BlockchAIn is building from an established foundation as it pursues the broader opportunity in AI and HPC infrastructure. It is also important to be clear about what BlockchAIn is and what it is not. Our focus is on digital infrastructure, specifically developing and operating hosting capacity for AI, HPC, and other data-intensive workloads. Our model is centered on securing reliable power, deploying infrastructure efficiently, and providing customers with the environment they need to operate compute hardware at scale...As we move forward as a public company, our priorities are clear: execute on our commercial opportunities, communicate consistently with investors, and build BlockchAIn with discipline. As of the date of this letter, the Company has 37,629,058 shares outstanding, of which approximately 4.4 million are currently freely trading. In the near term, we are focused on advancing our announced opportunities, working toward definitive agreements where appropriate, and providing investors with additional detail through our upcoming FY2025 earnings results. Following earnings, we also plan to host a virtual webinar to provide a deeper review of the business, recent developments, and our strategic priorities going forward. We believe BlockchAIn is well positioned to benefit from growing demand for AI infrastructure, particularly at a time when access to power, electrical equipment, and deployment-ready capacity remains constrained. Our objective is to convert these market conditions into a disciplined, repeatable hosting and infrastructure model for AI and HPC workloads that supports long-term shareholder value creation."
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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.
- 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.
- Conference Participation: BlockchAIn will attend the 16th Annual LD Micro Invitational Conference from May 17-19, 2026, in Los Angeles, where CFO Jolienne Halisky and COO Eyal Rozen will present for 25 minutes, showcasing progress since the company's NYSE listing.
- Strategic Updates: The presentation will cover the latest developments in BlockchAIn's strategic partnerships and commercial opportunities, emphasizing the company's long-term vision in the AI and HPC infrastructure space, aimed at attracting investor interest in its future growth potential.
- Investor Engagement: Throughout the conference, BlockchAIn management will hold one-on-one meetings with investors, providing detailed insights into recent operational milestones, customer engagement, and infrastructure deployment to bolster investor confidence and facilitate potential investments.
- Infrastructure Development: BlockchAIn focuses on building power-backed AI and HPC infrastructure, aiming to accelerate the development of next-generation computing capabilities, thereby highlighting its strategic significance in the digital infrastructure asset portfolio.
- Webinar Announcement: BlockchAIn will hold a virtual investor webinar on April 28, 2026, at 12:00 p.m. Eastern Time, where executives will discuss the company's recent NYSE listing and infrastructure strategy.
- Executive Participation: CEO Jerry Tang, CFO Jolienne Halisky, and COO Eyal Rozen will co-host the webinar, ensuring investors receive direct insights into the company's commercial progress and strategic collaborations.
- Interactive Q&A Session: The webinar will feature a Q&A session, allowing investors to pose questions during the event, thereby enhancing interaction with management and fostering transparency and trust.
- Replay and Materials Access: After the webinar, investors can access the call recording and presentation materials via the company's website, ensuring that those unable to attend live can still obtain critical information.
- Declining Financial Performance: BlockchAIn Digital Infrastructure, Inc. reported FY 2025 revenue of $18.5 million, a 19.2% decrease from $22.9 million in FY 2024, indicating significant pressure in market competition.
- Substantial Gross Profit Decline: The company's gross profit was approximately $3.5 million, down from about $8.2 million in FY 2024, reflecting challenges in cost control and profitability that may impact investor confidence.
- Adjusted EBITDA Drop: Adjusted EBITDA stood at $1.7 million, a significant decline from $6.2 million in the previous year, highlighting ongoing difficulties in operational efficiency and profitability.
- Future Outlook and Strategy: The company aims to expand AI data center capacity from 40 MW to 50 MW by 2026 while advancing key projects (SC and Minnesota), which could drive revenue growth by early 2027, demonstrating a focus on future market opportunities.

- Successful Listing: BlockchAIn Digital Infrastructure completed its listing on NYSE American under the ticker 'AIB' on March 17, 2026, marking a new chapter for the company in public markets, which is expected to attract more investor interest in its growth potential in AI and high-performance computing infrastructure.
- Contract Value Potential: The company currently has over $500 million in potential contract value pending execution, particularly with letters of intent from an international private equity firm and a global cloud infrastructure provider, which, if converted into definitive agreements, would significantly enhance the company's revenue base and market position.
- Infrastructure Expansion Plans: BlockchAIn plans to expand its existing 40 MW data center in South Carolina to 50 MW and develop a 25 MW AI-focused data center in Minnesota, further solidifying its competitive edge in the AI and HPC sectors.
- Financial Performance Overview: For FY 2025, the company reported revenues of approximately $18.5 million, down from $22.9 million in FY 2024, yet maintained positive operating cash flow, demonstrating financial resilience during its transition phase.






