Cedarcross Technologies Inks Distribution Deal with Earthmade Computer for Nvidia H100 Servers

Cedarcross Technologies, an investee company of Alset, has signed a distribution agreement with Earthmade Computer, an authorized distributor of Super Micro Computer, to provide AI companies with access to Nvidia H100 servers.

The deal, which closed on April 22, 2024, in Vancouver, BC, also saw Cedarcross Technologies complete a CAD$2.3 million transaction with Ceti AI for the sale of five Nvidia H100 HGX 8GPU servers.

The distribution agreement with Earthmade Computer opens up a new business segment for Cedarcross Technologies, allowing the company to distribute Nvidia GPU high-performance computing (HPC) servers from Super Micro Computer and other manufacturers, in addition to its existing data processing leasing business. This partnership is anticipated to provide Cedarcross Technologies with competitive pricing and shorter lead times for acquiring the in-demand Nvidia H100 servers.

The CAD$2.3 million transaction with Ceti AI, a Vancouver-based company, signifies a notable achievement for Cedarcross Technologies. The sale of the five Nvidia H100 HGX 8GPU servers is projected to generate gross revenue of approximately CAD$2.3 million for the company.

The agreement with Ceti AI involves a deposit of CAD$140,000 within two business days, an additional CAD$1.01 million within 14 days, and the balance of CAD$1.15 million due seven days after the servers are received and accepted, which is scheduled for no earlier than May 17, 2024.

Why this matters: This distribution agreement and transaction demonstrate the growing demand for high-performance computing solutions in the AI industry. Cedarcross Technologies' partnership with Earthmade Computer and its successful deal with Ceti AI highlight the company's ability to capitalize on this trend and establish itself as a key player in the distribution of advanced GPU servers.

The aggregate return for Cedarcross Technologies from the Ceti AI transaction is expected to be up to CAD$240,000, subject to ordinary course chargebacks, closing costs, and other associated expenses. This deal not only enhances Cedarcross Technologies' revenue streams but also reinforces its market position as a leader in supplying high-performance computing GPU servers to the rapidly growing AI sector.

Key Takeaways

• Cedarcross Technologies signs distribution deal with Earthmade Computer for Nvidia H100 servers.
• Cedarcross completes $2.3M transaction with Ceti AI for 5 Nvidia H100 HGX 8GPU servers.
• Partnership with Earthmade provides Cedarcross competitive pricing and shorter lead times for Nvidia H100.
• Ceti AI transaction expected to generate up to $240,000 in aggregate return for Cedarcross.
• Deals demonstrate growing demand for high-performance computing solutions in the AI industry.