BlockchAIn Reports First Quarter 2026 Financial Results

Published: 2026-05-15 08:31:04 ET AIB

Published on 05/15/2026 at 08:31 am EDT

Revenue Increased 9% Year-Over-Year to $4.9 Million

Net Cash Provided by Operating Activities More Than Tripled to $1.3 Million

Stockholders’ Equity Increased to $27.2 Million Following Business Combination

NEW YORK, May 15, 2026 (GLOBE NEWSWIRE) -- BlockchAIn Digital Infrastructure, Inc. (NYSE American: AIB) (“BlockchAIn” or the “Company”), a developer and operator of digital infrastructure focused on artificial intelligence (“AI”) and high-performance computing (“HPC”) workloads, today reported financial results for the first quarter ended March 31, 2026.

“BlockchAIn enters its first quarter as a public company with a stronger balance sheet and a broader customer base,” said Jerry Tang, Chief Executive Officer of BlockchAIn. “AI compute demand continues to accelerate across hyperscalers, enterprises, sovereigns, and private capital-backed platforms — while power, electrical equipment, and deployment-ready capacity remain industry-wide bottlenecks. BlockchAIn's energized infrastructure, scalable power access, and deployment flexibility position us to capture that demand.

“Our priorities are clear: convert announced opportunities into definitive agreements, execute our HPC and AI infrastructure strategy, and scale existing assets and planned expansions to drive long-term stockholder value.”

First Quarter 2026 and Recent Operational Highlights

First Quarter 2026 Financial Results

“Our first quarter results reflect the underlying resilience of our operating model through a quarter that included our transition to public company status,” said Jolienne Halisky, Chief Financial Officer of BlockchAIn. “Revenue increased 9% year-over-year, net cash provided by operating activities more than tripled, and we ended the quarter with $27.2 million of stockholders’ equity and no traditional debt. The near-breakeven net loss of $0.01 per share reflects the underlying operating profile of the business during a period that included non-cash and transaction-related items associated with the Business Combination. Our financial priorities for the remainder of 2026 are disciplined cost management, continued customer diversification, and prudent capital allocation. We also look forward to sharing more of our story with investors during our presentation at the 16th Annual LD Micro Invitational Conference on Tuesday, May 19, 2026.”

Note About Non-GAAP Financial MeasuresAdjusted EBITDA is a key factor in how we assess the operating performance of our data center and develop growth strategies and expansion decisions. We define adjusted EBITDA as net income excluding income tax expense, interest income, interest expense, other income or expense, gain or loss on asset sales, depreciation, amortization, and transaction costs as presented below:

Non-GAAP financial measures are not a substitute for financial information prepared in accordance with GAAP. Non-GAAP financial measures should not be considered in isolation, but should be considered together with the most directly comparable GAAP financial measures and the reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures. We have presented non-GAAP financial measures to provide investors with an additional tool to evaluate our results of operations in a manner that focuses on what management believes to be our core, ongoing business operations.

Accordingly, adjusted EBITDA is not meant to be considered in isolation of, and should be read in conjunction with, the information contained in our Consolidated Financial Statements, which have been prepared in accordance with GAAP.

Our primary non-GAAP financial measure is adjusted EBITDA, which excludes depreciation and amortization expense as these do not reflect our current or future cash spending levels to support our business. In addition, depreciation is also based on the estimated useful lives of our data center assets. These estimates could vary from actual performance of the asset, are based on historical costs incurred to build out our data center and are not indicative of current or expected future capital expenditures. Therefore, we exclude depreciation and amortization in computing Adjusted EBITDA. We also exclude gain or loss on asset sales as it represents profit or loss that is not meaningful in evaluating the current or future operating performance. Additionally, we exclude transaction costs and related reimbursement to enhance the comparability of our financial results to our historical operations. The transaction costs and reimbursement relate to expenses we incurred in connection with the Business Combination transaction with Signing Day Sports, including advisory, legal, accounting, valuation, and other professional or consulting fees. Such charges generally are not relevant to assessing our long-term performance. In addition, the frequency and amount of such charges vary significantly based on the size and timing of the transactions. Management believes items such as impairment charges, gain or loss on asset sales and transaction costs are non-core transactions; however, these types of costs may occur in future periods. The Company has determined that all of the above non-recurring adjustments from operations are infrequent. Future transaction costs will depend on the Company executing additional transactions, which cannot be anticipated or estimated. The other costs identified were eliminated upon the consummation of the Business Combination.

About BlockchAIn

BlockchAIn is a developer and operator of digital infrastructure focused on AI hosting and high-performance computing workloads. The Company’s platform combines access to reliable, scalable power resources with modular infrastructure deployment designed to accelerate the development of next-generation compute capacity.

For more information, visit https://oneblockchain.ai.

Forward-Looking StatementsThis press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "may," "could," "will," "should," "would," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," "project" or "continue" or the negative of these terms or other comparable terminology and include, but are not limited to, statements regarding the anticipated benefits of the recently completed business combination with Signing Day Sports, Inc. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, including without limitation, the ability to integrate the respective businesses post-merger, obtain sufficient funding to maintain operations and develop additional services and offerings, market acceptance of the parties’ current products and services and planned offerings, competition from existing or new offerings that may emerge, impacts from strategic changes to the parties’ business on net sales, revenues, income from continuing operations, or other results of operations, the parties’ ability to attract new users and customers, the parties’ ability to retain or obtain intellectual property rights, the parties’ ability to adequately support future growth, the parties’ ability to comply with user data privacy laws and other current or anticipated legal requirements, the parties’ ability to attract and retain key personnel to manage their business effectively, and the risk that non-binding letters of intent may not result in definitive documentation. These risks, uncertainties and other factors are described more fully in the section titled “Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on March 31, 2026. These risks, uncertainties and other factors are, in some cases, beyond the parties’ control and could materially affect results. If one or more of these risks, uncertainties or other factors become applicable, or if these underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. All subsequent written and oral forward-looking statements concerning BlockchAIn, or any of their affiliates, or other matters and attributable to BlockchAIn, any of their affiliates, or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

Investor RelationsChris TysonExecutive Vice PresidentMZ Group - MZ North AmericaPhone: (949) [email protected]