Carrier Connect Data Solutions Secures CAD $88.9 Million Five-Year Data Center Contract for Atlanta Expansion
TSXV: CCDS | OTCQB: CCDSF
Overview
Carrier Connect Data Solutions Inc. announced that its wholly owned subsidiary, PureColo USA Inc., has signed a five-year customer agreement covering the entire 4-megawatt ("MW") capacity of its newly added Alpharetta, Georgia data center, according to the company. The agreement represents approximately CAD $88.9 million in potential billings over five years at the initial 3MW deployment rate, including power charges, according to the company.
According to the company, the agreement was secured as a result of Carrier acquiring and announcing the addition of Alpharetta to its portfolio, leveraging the company's existing 25 MW letter of intent (LOI) announced in its July 13, 2026 news release. The company stated this demonstrates its ability to match existing, power-enabled infrastructure with customer demand.
Key Highlights
- PureColo USA Inc. signed a five-year customer agreement covering the full 4MW capacity of the Alpharetta, Georgia data center, according to the company.
- The agreement represents approximately CAD $88.9 million in potential billings over five years at the initial 3MW deployment rate, including power charges, according to the company.
- The customer has placed a multi-month deposit with PureColo USA and is scheduled to begin its initial 3MW deployment on November 1, 2026, with deployment planning already underway, according to the company.
- At the initial 3MW deployment, monthly billings are expected to total USD ~$1.05 million (CAD $1.48 million), comprising USD $750,000 in service revenue and USD ~$300,000 in power charges, with billings starting in full on November 1, 2026, according to the company. This equates to an annualized billing run rate of CAD ~$17.8 million, according to the company.
- The remaining 1MW of the contracted 4MW capacity is expected to be deployed within three to six months, according to the company. At full deployment, monthly billings are expected to increase to USD ~$1.4 million, representing over CAD $23.7 million in annualized billings, according to the company.
- This agreement represents the first 4MW contracted against the company's previously announced 25MW customer letter of intent dated July 13, 2026, leaving 21MW of additional potential customer demand subject to future definitive agreements, according to the company.
- Due to commercial confidentiality, the customer's identity will not be disclosed, according to the company.
Strategic/Operational Context
Mark Binns, Chief Executive Officer of Carrier Connect, stated that the agreement is "a transformational milestone for Carrier Connect and one of the most significant commercial achievements in our Company's history." Binns said that "within days of adding Alpharetta to our portfolio, we have secured a five-year customer agreement representing CAD ~$17.8 million in revenue, and established a pathway to more than CAD $23.7 million in annualized billings from a single facility."
Binns said the company expects Alpharetta to generate EBITDA margins at 25-30% once stabilized, creating what he described as potential for meaningful recurring free cash flow. According to the company, Carrier continues to actively pursue additional powered data center facilities as part of its strategy of expanding its global infrastructure footprint and building a platform of recurring-revenue assets.
Resources and Financials
- Potential billings under the agreement: approximately CAD $88.9 million over five years at the initial 3MW deployment rate, including power charges
- Initial 3MW monthly billings: USD ~$1.05 million (CAD $1.48 million), comprising USD $750,000 service revenue and USD ~$300,000 power charges
- Initial annualized billing run rate: CAD ~$17.8 million
- Full 4MW deployment monthly billings: USD ~$1.4 million
- Full deployment annualized billings: over CAD $23.7 million
- Alpharetta facility size: approximately 184,553 rentable square feet
- Current power supply: 4MW from Georgia Power, with a potential pathway to restore the facility's historical 10MW power allocation, subject to utility requirements and customer demand, according to the company
- Expected EBITDA margins at Alpharetta once stabilized: 25-30%, according to the company
What to Watch Next
- Initial 3MW deployment scheduled to begin November 1, 2026, according to the company
- Remaining 1MW of the contracted 4MW capacity expected to be deployed within three to six months, according to the company
- 21MW of additional potential customer demand remaining under the company's previously announced 25MW letter of intent, subject to future definitive agreements, according to the company
- Potential pathway to restore the Alpharetta facility's historical 10MW power allocation, subject to utility requirements and customer demand, according to the company
About Carrier Connect Data Solutions Inc.
Carrier Connect Data Solutions' mission is to roll up Tier II/III data centers internationally that specialize in delivering co-location and data center solutions to AI companies, service providers, enterprises and small businesses. Data centers are the physical locations that store computing machines and their related hardware equipment, such as servers, data storage drives, and network equipment. The current principal markets for the Company are Vancouver, Ottawa and Saint John, Canada, Rochester and Atlanta, USA and Perth, Australia. Carrier operates through two wholly-owned subsidiaries - PureColo Inc. and PureColo USA Inc.
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