The Pulse
SOAR AI Maps $1.17 Billion in GPU Contracts to Ohio Buildout
SOAR AI says two four-year, take-or-pay orders worth $1.17 billion will support phased GPU deployments at its Ohio campus. Its investor presentation projects $175 million to $200 million in 2027 revenue, while the first GPUs are still sched
AI.info Team · Written with AI · fact-checked ·
SOAR AI is putting a $1.17 billion contract figure beside a buildout that has yet to begin serving its first customer. The company’s investor presentation, released October 22, lays out expected revenue, GPU deployments and financing for its Ohio campus; the first 4,096 GPUs are targeted to enter service on December 31, with customer revenue expected in January 2027.
The gap between signed orders and operating capacity is the test behind the announcement. SOAR AI says two four-year, take-or-pay orders with one large, unnamed AI customer will anchor the site. Its projections depend on equipment delivery, commissioning, customer acceptance and financing—steps the company says remain ahead.
Two orders anchor the Ohio campus
The $1.17 billion is aggregate contract value, not revenue already earned. The orders are expected to provide about $133 million in customer prepayments, while the remaining value is payable over the contracts’ four-year terms under take-or-pay arrangements. SOAR AI expects the orders to produce $175 million to $200 million in revenue during 2027, based on contractual start dates, and about $294 million in annual revenue once both deployments are fully in service.
The first phase calls for 4,096 AMD Instinct MI355X GPUs. A second deployment of 4,032 AMD Instinct MI455X GPUs on AMD’s Helios rack-scale platform has a contractual start date of June 30, 2027; SOAR AI says it could enter service as early as April. The company’s investor materials describe both revenue estimates as expectations, not completed results.
Revenue depends on construction and customer acceptance
SOAR AI targets internal power-on at the campus by November 30 and readiness for the first GPU deployment by December 31. Those are company targets, and its release lists construction and commissioning delays, GPU supply, power and cooling availability, and delivery and acceptance requirements among the risks that could affect them.
The company says a three-year revenue backstop of about $215 million supports the initial 4,096-GPU deployment. The latest announcement does not spell out the backstop’s terms. SOAR AI also identifies concentration of contracted revenue in a single customer as a risk, making the unnamed buyer’s commitments central to the revenue plan.
“We have contracted demand and a powered site moving toward service at year-end, and we are building a platform designed to scale well beyond Ohio,” Chris Ensey, SOAR AI’s chief executive, said in the announcement.
Expansion requires more customers and capital
SOAR AI says each new deployment phase will proceed only when customer contracts and financing are in place. It expects to combine customer prepayments with equipment and senior debt and equity. That approach links expansion to signed demand, but it also means the additional capacity is not secured simply because it appears in the company’s plan.
The company plans two more tranches of 4,032 MI455X GPUs for future customers in 2027. If built alongside the two contracted deployments, those additions could bring the Ohio campus to as many as 16,192 GPUs. The site has 154 megawatts of power available, according to SOAR AI, with a stated roadmap to 480 megawatts.
A multi-site plan remains exploratory
Beyond Ohio, SOAR AI says it is exploring sites in the United States and internationally, including repurposed industrial properties and greenfield locations with access to behind-the-meter power. The presentation is the company’s first comprehensive investor overview since its merger with Alignment Engine and its October 19 name change to SOAR AI.
For now, the company’s clearest milestone is local and near-term: it is targeting the first GPUs for service at the Ohio campus on December 31, 2026. The larger revenue projections and additional site plans hinge on turning that scheduled deployment into operating capacity.