Forum Edge AI signs $94.4 million Fireworks deal for Nvidia B300 GPU capacity

Forum Edge AI has signed a $94.4 million agreement with Fireworks AI. The deal gives Fireworks access to Nvidia B300 GPU capacity at Forum Edge AI’s Dallas data center.

The contract runs 36 months.

Who is behind Forum Edge AI

Forum Edge AI LLC is a joint venture between two companies. Forum Markets Inc., which trades under the ticker FRMM, holds 51%. Edge Node Inc. holds the remaining 49%.

The venture was established on October 2, 2026. Forum Markets announced the formation and the Fireworks deal together, along with a revenue forecast.

The split of duties is fairly clear. Edge Node brings the technical and operational side, including its status as an approved Nvidia partner. Forum’s role is to help finance and supply the infrastructure that AI workloads run on.

The numbers behind the build-out

The broader plan targets an initial capacity of around 11 megawatts. That power would support roughly 4,376 Nvidia B300 and GB300 GPUs spread across several sites.

Dallas is the anchor. About 2 megawatts are currently operational there, with plans to ramp the site to 4 megawatts.

A campus in High Point, North Carolina, is aimed at 6 megawatts by the first quarter of 2027. A Texas tower site is expected to add another 1 to 2 megawatts by mid-2027.

Forum Markets has set 2027 consolidated revenue guidance at between $125 million and $175 million. That range reflects projections for the initial phase through mid-2027.

The company also anticipates reaching positive cash flow by early 2027.

How it gets paid for

Forum Markets says no new equity is needed for what it calls Phase 0 of the project.

Instead, capital spending relies on customer deposits and equipment financing. The idea is to match the financing structure to the length of the multi-year customer contracts.

Why inference, and why cities

The venture is focused on AI inference rather than model training. Training is when a model learns from massive datasets. Inference is when the finished model answers questions, generates images, or runs inside apps that people actually use.

That is why the partnership is targeting pre-powered urban sites. These locations already have electrical capacity in place and sit closer to end users, which helps reduce latency.

The pitch also involves avoiding the slow parts of building at hyperscale campuses. Large data center projects frequently wait on grid interconnection and new infrastructure before they can switch anything on.

Fireworks AI is the customer on the other side of the deal. The company provides AI inference services and is described as having a substantial revenue run rate, with expectations of significant scaling in the inference market over the next few years.

Background on Forum Markets

For Forum Markets, this is a notable change of scenery. The company has historically operated in areas including aerospace and AI-powered finance.

The joint venture structure helps explain how Forum is making that leap. Rather than building data center expertise from scratch, it is partnering with a company that already has the Nvidia relationship and the operational experience.

The B300 is part of Nvidia’s high-performance GPU lineup, built for demanding AI workloads.

What this means

For Forum Markets shareholders, the deal offers something concrete: a named customer, a dollar figure, and a contract length. A $94.4 million commitment over three years is a meaningful anchor relative to the company’s 2027 revenue guidance of $125 million to $175 million.

The no-new-equity approach for Phase 0 is also worth watching. If customer deposits and equipment financing can carry the build-out, Forum avoids diluting existing holders during the early stage.

The risks are mostly about execution. The capacity targets depend on several sites hitting their milestones, including High Point’s 6 megawatts by Q1 2027 and the Texas tower site’s 1 to 2 megawatts by mid-2027.

Customer concentration is another factor. With Fireworks as the headline client, the venture’s early fortunes are closely tied to how that relationship performs over the contract term.

The next markers to track are straightforward. Watch whether Dallas reaches 4 megawatts, whether High Point comes online on schedule, and whether Forum signs additional customers beyond Fireworks to fill the remaining capacity.