Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.

On August 14, 2026, Eyal Rozen resigned from his position as Chief Operating Officer of AIB Data Centers Inc. (the "Company"), effective immediately.

In connection with Mr. Rozen's departure, the Company and Mr. Rozen entered into a Separation Agreement and General Release (the "Separation Agreement"), dated as of August 13, 2026 and executed on August 19, 2026, which will become effective on August 27, 2026, and is subject to a seven-day revocation period.

Pursuant to the Separation Agreement, Mr. Rozen will be entitled to receive: (i) his base salary through the termination date; (ii) reimbursement of unreimbursed business expenses incurred per existing Company policies; and (iii) three months of salary continuation at his current annual base salary rate, payable in accordance with the Company's regular payroll schedule, beginning on the first regularly scheduled payroll date processed after the effective date of the Separation Agreement. In addition, the Company will reimburse Mr. Rozen for the full monthly health insurance premium for himself and his spouse under COBRA, until the earlier of December 31, 2026 or such time as Mr. Rozen becomes eligible for benefit coverage through another employer.

The foregoing separation payments and benefits are conditioned upon Mr. Rozen's non-revocation of a general release of claims against the Company and his continued compliance with certain restrictive covenant obligations, including non-disparagement, non-competition, non-solicitation, and confidentiality obligations as set forth in the Separation Agreement. The non-competition and non-solicitation obligations apply during the three-month severance period.

The Separation Agreement is governed by the laws of the State of New York.

The foregoing description of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.