KIDZ AI, through subsidiary Catalyst Compute, entered into a services agreement to provide Canopy Wave with a dedicated GPU cluster and related compute, storage, and networking. The five-year engagement totals $44,626,944 and will begin after hardware setup of 32 nodes with 256 NVIDIA HGX B300 GPUs. The contract includes a 99.5% monthly uptime commitment, service credits for certain hardware-caused outages, a 24-month no-termination period, and a 75% early termination fee thereafter, subject to mitigation. Management expects the agreement to monetize AI infrastructure and drive multi-year recurring revenue.
Agreement details:
- Agreement type: Dedicated GPU processing services agreement
- Counterparty: Canopy Wave
- Signed / Effective: Jul 17 2026 / Jul 17 2026
- Duration / Termination: 5 years from service commencement
- Reason: Monetize AI infrastructure with multi-year customer revenue
Original SEC Filing:
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