XMax signs $122.5 million five-year GPU computing deal with DSH Hyper

The former furniture distributor is locking in 480 Nvidia Blackwell Ultra chips to power its AI inference ambitions XMax Inc. (NASDAQ: XMAX) has signed a five-year GPU-as-a-Service agreement with DSH HYPER PTE. LTD. The contract is valued at approximately KRW 162.3 billion, or US$122.5 million. The deal gives XMax dedicated high-performance computing capacity for its AI business. It also arrives with conditions attached, which means the ink is signed but the paperwork is not quite finished. What XMax is getting The agreement was signed on October 28, 2026. It runs for five years and ends on October 28, 2031. The computing resources come from kt cloud Co., Ltd. in Korea, delivered through DSH Hyper. Service started on October 29, 2026, one day after signing. The initial setup is 480 NVIDIA Blackwell Ultra B300 GPUs spread across 60 nodes. Over the contract’s life, that can scale to 512 GPUs across 64 nodes, plus 560 TB of storage. XMax AI Inc., a subsidiary of XMax, will run the cluster. Its main job will be high-throughput AI inference workloads. The strings attached The agreement is contingent on XMax’s board approving the required security provisions. The biggest piece is a stand...