Boost Run entered into a service agreement with Cohere to provide dedicated GPU cloud computing infrastructure and related services totaling approximately $525.6 million over about five years per rack, with a portion payable as prepayment, according to an 8-K filed October 6. The press release, which described the customer only as “a leading sovereign AI company,” says Boost Run will deliver capacity powered by Nvidia GB300 NVL72 GPUs along with network storage and CPU node services. Initial infrastructure acceptance is expected to begin in early Q2 2027.
The contract has teeth. If Boost Run has not provided a minimum amount of infrastructure by July 15, 2027, Cohere can terminate the agreement and receive a refund of all prepaid amounts, and Boost Run guarantees refunds of unused prepayments. That delivery milestone is the thing to watch: Boost Run’s most recent quarterly revenue was barely over $31 million, so the deal is roughly seventeen times its quarterly run rate.
The market noticed. Shares rose about 6 percent on the trading day and nearly 10 percent premarket, leaving Boost Run with a market cap of about $1.2 billion. With the Cohere deal, the company’s total contract value now tops $2.6 billion, which it defines as total revenue customers have committed to pay over the life of all agreements where signed contracts have upfront payments. Founded in 2024 and recognized as an Nvidia Preferred Cloud Partner, Boost Run owns and operates bare-metal GPU servers in TierPoint data centers across Seattle, Durham, Dallas and Richardson, with expansions underway in Charlotte, St. Louis and Breinigsville.