XMax signs five‑year GPU cloud services agreement with DSH Hyper
XMax Inc. entered a five‑year computing‑services contract with Singapore‑based DSH Hyper, granting the firm access to up to 512 Nvidia Blackwell Ultra B300 GPUs deployed in Korea. The deal includes an initial deployment of 480 GPUs, expanding to the full 512, and provides 560 TB of high‑performance storage. XMax says the arrangement will support its NeoCloud platform and a new AI Token Factory, and it projects that the related services will generate more than $100 million in revenue over the five‑year period.
Why it matters
The company expects to receive roughly $122.5 million in service charges over the 60‑month term, creating a sizable cash outflow that investors must weigh against the projected $100 million of revenue. The agreement also requires an $8.2 million standby letter of credit and a $2.1 million setup fee, affecting XMax’s financing needs.
Key facts
- 1The agreement runs for five years and provides up to 512 Nvidia Blackwell Ultra B300 GPUs. tradingview.com
- 2Initial deployment started on October 29 with 480 GPUs, with plans to reach 512 GPUs. finance.yahoo.com
- 3The GPU cluster will consist of 64 compute nodes and 560 terabytes of high‑performance parallel storage. tradingview.com
- 4XMax projects more than $100 million in cumulative revenue from the project over the five‑year term. tradingview.com
- 5Scheduled service charges total approximately $122.5 million for the 60‑month period, subject to adjustments. tradingview.com
- 6XMax must provide an $8.2 million standby letter of credit and a $2.1 million setup fee due on November 6. finance.yahoo.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.