Boost Run deploys AI infrastructure, closes $600M in financing

Boost Run, Inc. (Nasdaq: BRUN) said it has delivered the first phase of a multi-phase project to an unnamed AI research and product company under agreements signed in May 2026, as the Northbrook, Illinois-based company converts its contracted backlog into recurring revenue.

The company also disclosed that in September it signed a five-year, $525.6 million AI cloud services agreement with an unnamed enterprise AI models and solutions provider. Under that contract, Boost Run will supply compute capacity powered by Nvidia GPUs, along with network storage and CPU node services.

Boost Run said it has closed more than $600 million in non-dilutive, project-based financing year to date. The company said the funding is structured against specific multi-year customer contracts and supported by customer prepayments and operating cash flow.

"Each project's financing is structured to be repaid well before its contract ends, and the duration of our contracts is increasing," said Andrew Karos, Founder and CEO of Boost Run. "Customer payments exceed our debt payments every month, and once debt is repaid, the remaining contract term generates significantly higher margins."

The company said it expects total deployed colocation capacity to reach approximately 40 megawatts by the end of 2026, including an expanded presence in Minnesota. Boost Run said it is adding colocation sites through existing data center partners.

On the hardware side, Boost Run said it has adopted an integrated demand planning model with original equipment manufacturers to align customer requirements with supplier production schedules, which it said provides access to Nvidia architectures including GB300 and Vera Rubin.

Boost Run holds Nvidia Preferred Cloud Partner status and Nvidia Exemplar Cloud designation. The company said several additional projects are nearing completion and are expected to hand off to customers in the coming weeks.

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