AIB Data Centers: Analyst Maintains Buy Rating as Company Shifts Toward AI Data Centers

Analyst Allen Klee of Maxim Group has reiterated his Buy rating on AIB Data Centers Inc, maintaining a price target of $5.00.

Klee views AIB's transition from legacy Bitcoin mining to AI data centers as a key factor in his positive outlook, despite current weak financial results.

The analyst believes that the company's recent $59 million equity raise and debt-free balance sheet will be sufficient to fund its initial 50-megawatt project in South Carolina, which is being converted for AI workloads and expected to come online in 2027 with a potential single tenant.