Uniserve Communications has secured a $4 million loan and plans to use most of it to buy additional NVIDIA B300 systems for its Vancouver data centre. The purchase would give customers more capacity to run AI workloads while keeping their data in Canada.
“We see a substantial opportunity to serve customers who need powerful AI infrastructure with Canadian data residency and a single accountable technology partner,” said Gautam Lohia, Uniserve’s chairman and CEO.
Uniserve already has an enterprise customer lined up for two B300 servers in Vancouver. In September, the company signed a five-year agreement that would generate about US$3.15 million in minimum payments over the full term, starting when service begins. Uniserve did not specify how many additional systems it plans to buy with the new financing or when they will enter service.
The company is also developing its VAN-2 data centre at 369 Terminal Avenue. In October, Uniserve said it was targeting a fourth-quarter opening with one megawatt of operating capacity and room for a second megawatt.
Under the loan agreement, 369 Terminal Holdings Ltd. will lend the funds at 8% annual interest plus a 5% fee. The loan matures 12 months after the first advance, and the new equipment will serve as collateral. The lender’s principal, Michael C. Scholz, owns more than 20% of Uniserve. The company’s board approved the related-party transaction, which remains subject to TSX Venture Exchange approval.