EL7.AI
StocksMedium•2 November 2026•
4 min read

XMax Targets More Than $100 Million in Revenue From Five-Year AI Services Agreement

Key Facts

1XMax expects the agreement to generate more than $100 million in revenue over five years.
2The agreement targets expansion to 512 NVIDIA Blackwell Ultra B300 graphics processing units.
3The services agreement with Singapore-based DSH HYPER PTE. LTD. runs for five years.
4XMax reported net sales of about $1.78 million in the first quarter of 2026, compared with about $2.64 million a year earlier.

XMax announced a five-year AI infrastructure services agreement with Singapore-based DSH HYPER PTE. LTD. and said it expects the resulting revenue to exceed $100 million over the next five years. That figure is the company’s estimate of revenue it could generate from the services over the agreement’s term, not a disclosed contract value of $100 million. The announcement sets a five-year time frame but does not provide an annual breakdown of projected revenue. It also does not state a fixed total value for the agreement or a schedule for when revenue will begin to flow. XMax presented the agreement as a step to support its AI and infrastructure services.

The expansion associated with the agreement targets 512 NVIDIA Blackwell Ultra B300 graphics processing units. That number sets a defined scale for the computing capacity the company plans to reach under the project, while the announcement did not specify when that capacity would be reached or the stages for deploying the units. XMax said the agreement would draw on kt cloud’s high-performance computing capabilities, linking the expansion in computing capacity to high-performance cloud infrastructure. The announcement did not detail the parties’ operational responsibilities or the terms for providing the services. The company places this arrangement at the center of its plan to expand and commercialize its AI services.

XMax identified commercialization of its NeoCloud and AI Token Factory platforms as an objective of the agreement. The company’s wording indicates that expanded computing capacity is intended to support bringing the platforms into commercial use, alongside the provision of AI infrastructure services. The announcement did not specify separate revenue for each platform or a target number of customers, nor did it provide details on the products or service tiers to be offered through them. The disclosed revenue projection therefore remains tied to the agreement as a whole, with no published breakdown between NeoCloud and AI Token Factory. According to XMax, the plan combines high-performance computing resources with the development of opportunities to commercialize the platforms.

The agreement comes as the company expands into AI alongside its existing contemporary furniture distribution business. XMax described itself in the announcement as a contemporary furniture distributor and a provider of services based on AI software and platforms. In its filing with the U.S. Securities and Exchange Commission, the company reported net sales of $1,781,721 for the three months ended March 31, 2026, compared with $2,635,718 in the same period of 2025. The figures show a decline in sales between the periods as the company was expanding its AI-related business. The filing does not say the new activity replaced furniture distribution; the company’s description indicates that both businesses remain part of its operations.

The November announcement followed other disclosures about agreements for AI and cloud services. In its quarterly report, XMax said fees under a cloud services agreement it entered into with SuperX AI Technology USA on April 22, 2026, amount to $4,800,000, payable monthly. The company also announced on May 1 an AI model services agreement worth approximately $4.8 million, with monthly payments of $400,000 to XMax AI and an initial term of one year. The company said at the time that actual pricing could vary depending on the customer’s use of the services. These disclosures provide prior financial context for XMax’s expansion into related services, but their stated terms differ from the five-year revenue projection under the DSH HYPER agreement.

XMax had established XMax AI in Nevada on April 1, 2026, as part of its expansion into AI services, according to its quarterly report. That same month, it announced that deployment of a cloud inference platform on AWS was expected in about 30 days, subject to customary execution conditions, and later said the platform would support commercial expansion. These steps show a sequence from establishing a specialized unit, to developing an inference platform, to announcing a new services agreement targeting significant computing capacity. The November announcement did not include a specific date for bringing the B300 units online or starting services under the agreement. The commercial plan remains dependent on the company’s ability to attract and retain customers for its services; in its report, it warned that it could not guarantee marketing spending would produce a proportionate increase in revenue.