CHILLICOTHE, Ohio — The company converting part of the former paper mill into an artificial intelligence data center has laid out its plans for Wall Street in the most detailed public document yet filed on the project — a 26-page investor presentation that puts a price tag, a GPU count, a jobs projection and a Dec. 31 start date on what SOAR AI, Inc. intends to build in Chillicothe, along with the fine print on what could still slow it down.
The presentation was filed with the U.S. Securities and Exchange Commission on Oct. 21 as part of the company’s name-change filing. SOAR AI, formerly Volato Group, closed its merger with Alignment Engine on Sept. 11 and took its new name on Oct. 19. It trades on the NYSE American exchange under the ticker SOAR.
At the center of the filing is Building 285 at the former mill, which the company says “is being converted into a liquid-cooled AI data hall.” The first phase runs on 49 megawatts of lease power — enough, the company says, to support about 19,600 graphics processing units — and carries a price tag of about $137 million for the data hall build alone. The company projects 240 jobs.
“Lease includes expansion rights to additional buildings”
— SOAR AI investor presentation, filed with the SEC, Oct. 21, 2026
The build sequence starts this fall: steel, roofing and major equipment procurement mobilized in September; internal power-on at the Ohio campus Nov. 30; the first 4,096 AMD Instinct MI355X GPUs targeted ready for service Dec. 31, 2026, when the first customer order begins. Three more deployments of 4,032 AMD MI455X GPUs follow in 2027 (ready to accept February; in service as early as April, then August and November) — 16,192 GPUs by November 2027, all inside the 49-megawatt lease. Cooling runs on the mill’s existing water infrastructure with a chiller plant adding full capability in 2027; the company tells investors its cooling water comes “from existing industrial wells, separate from the municipal supply,” and counts “existing power, permits, water supply and wastewater treatment” among the site’s advantages.
The deck also sells the politics: it notes council “lifted its moratorium on September 14 after a public review session” — the 8–1 rescission after the Feb. 20th zoning letter. Growth: 154 MW available today, roadmap to 480 MW, lease expansion rights to additional buildings, and a projected $740 million of equipment added to the local tax base.
The customer side rests on one buyer: a master services agreement and two four-year take-or-pay orders signed Sept. 22 with “a large AI customer” (unnamed) — Order #1, 4,000 MI355X, $399.5M, starts Dec. 31, 2026; Order #2, 4,000 MI455X, $773.7M, contract date June 30, 2027. Total $1.173 billion, ~$133M in prepayments, a ~$215M revenue backstop, and a projected ~$293M-a-year run rate once both are in service. Building the signed orders costs an estimated $841M; the two later tranches have no contracts yet and ~$1.07B more in capital. Funding: the up-to-$1B equity facility announced Oct. 12 plus equipment debt targeted for Q4 2026.
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