Everything in Observer
Infrastructure
Business Description
AAIM Data Centers, incorporated in 2022 and operating across the U.S. Midwest, designs, builds, and manages vertically integrated colocation facilities for high-performance computing, cryptocurrency mining, and AI workloads in Missouri, Minnesota, and Nebraska.
The company's founding team carries a combined 75 years of data center and HPC industry experience. CEO Anthony Levesque previously served as a vice president at Bitfarms (Nasdaq: BITF) and held roles at Enovum Data Centres and GloboTech Communications. CFO John Rim, CPA, also comes from Bitfarms, where he served as CFO; he previously held the vice president of taxation role at Brookfield Residential Property Services, has closed more than 20 M&A transactions totaling over $3 billion in combined value, and has raised more than $1 billion through term loans, convertible debentures, and equity instruments. AAIM's vertically integrated model, covering in-house design, engineering, construction, and 24/7 remote hands operations, governs every site from concept through deployment.
AAIM's first facility came online in Missouri in 2023. The company secured land in Nebraska the same year and completed its first Nebraska site, Nebraska 1, in Aurora in October 2024, five months after a May 2024 groundbreaking, on a 2.5-acre parcel within Aurora's Mission Critical technology subdivision, a 135-acre development zone set aside for tech-focused infrastructure more than a decade prior. The 7,300-square-foot Aurora facility was sold in a private transaction in 2025. A second Nebraska site is currently under construction and targeted to be energized before year-end 2025.
AAIM's Minnesota footprint spans two facilities in Blue Earth, in southern Minnesota. The first Minnesota site, approximately 10,000 square feet and situated on Highway 169 adjacent to the Blue Earth Light and Water substation, operates at 15 MW. The second, a 7.5 MW facility energized in September 2025, was built by AAIM under a partnership with Compass Mining: AAIM owns the facility and provides infrastructure and power management, while Compass Mining operates the site with onsite and remote monitoring. Blue Earth was selected for low energy costs and access to fiber via Bevcomm; both Minnesota sites operate within the Midcontinent Independent System Operator (MISO) grid.
As of mid-2025, AAIM Data Centers reports 32.5 MW online across five Midwest facilities, 30 MW under active construction, and over 100 MW of additional capacity secured and in planning. The company states its aggregated infrastructure supports more than 1.5 exahash of Bitcoin mining capacity. Planned next stages include expansion into additional Minnesota sites, a standalone operations services company, and a mining equipment marketplace platform.
