XMax Signs Five-Year AI Compute Deal, Projects $100M+ Revenue
XMAX sits 27% above its 52-week low of $5.2 on elevated volume (3.9× avg).
Summary
XMax signed a five-year AI infrastructure services agreement with Singapore's DSH HYPER to secure dedicated high-performance computing in Korea through kt cloud, an affiliate of KT Corporation. The cluster is planned at 64 nodes with eight NVIDIA Blackwell Ultra B300 GPUs each, 512 GPUs total plus 560TB of storage; service started October 29 with 480 GPUs and the full configuration comes in phases. Management projects more than $100 million in cumulative revenue over five years from AI inference, model-as-a-service and enterprise AI applications sold through its NeoCloud and AI Token Factory platforms. The deal is not yet closed: it needs board approval and an SBLC in favor of kt cloud by November 17, 2026. That deadline matters because XMax is already fighting a Nasdaq delisting notice from September over share issuances and is asking shareholders at today's meeting to authorize up to $170 million in new offerings — the financing capacity to stand behind this commitment is unresolved. Watch the November 17 SBLC deadline and the shareholder vote outcome.
At the time of this announcement, XMAX was trading at $6.60 on NASDAQ in the Technology sector, with a market capitalization of approximately $416.2M. The 52-week trading range was $5.20 to $9.40. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.