XMax (XMAX) began GPU-service billing October 29; its 60-month, approximately $122.5 million commitment remains subject to closing conditions.

XMax signed its B300 GPUaaS Service Agreement with DSH HYPER PTE. LTD. on October 28, 2026, and service and billing commenced on October 29. DSH is the supplier and XMax is the customer, so the disclosed service charges are XMax’s purchasing commitment—not evidence of XMax earning an equivalent amount of customer revenue.

Subject to satisfaction of closing conditions, the committed term is 60 months, ending October 28, 2031. Total scheduled charges are approximately KRW 162.3 billion, or approximately US$122.5 million, excluding applicable taxes and payable in monthly installments.

The filing cites a conversion rate of KRW 1,325.06 per US$1.00, attributed to the Federal Reserve Bank of New York on October 23, 2026. The dollar amount is therefore the filing’s exchange-rate-based presentation of the scheduled won-denominated charges, not a separately disclosed dollar financing.

The agreement supplies dedicated GPU capacity, included storage, and infrastructure support, with expansion components billable only after delivery and acceptance testing. The supplied excerpt references closing conditions without reproducing them, so billing commencement should not be treated as proof that all conditions to the full committed term had been satisfied.