TLDR
- Datavault AI (DVLT) secured a $120M cash contribution from Scilex Holding (SCLX) via a binding term sheet
- Scilex receives revenue participation rights: 30% of network revenues until $250M, then 15% until $1.2B, then 5%
- Funds will build out a quantum-ready GPU edge network across an estimated 100 U.S. cities
- Initial deployment in New York and Philadelphia expected in Q2 2026
- Datavault AI claims to already hold Nvidia GPUs with a current market value of $1.2 billion
Datavault AI (DVLT) announced it has signed a binding term sheet with Scilex Holding (SCLX) for a $120 million cash contribution to fund a nationwide GPU infrastructure rollout. The deal gives Scilex revenue participation rights rather than equity, meaning existing DVLT shareholders are not diluted.
The structure is tiered. Scilex gets 30% of gross network revenues until it receives $250 million. After that, it drops to 15% until cumulative payments hit $1.2 billion. Beyond that threshold, the rate falls to 5%.
The capital will go toward building what the company calls a “quantum-ready edge network” — micro data centers equipped with quantum-resistant encryption and GPUs designed for AI workloads at the edge.
Datavault AI is using Available Infrastructure’s SanQtum platform as the backbone for the network. Each site includes zero-trust networking, private sovereign cloud, and on-site GPU processing.
CEO Nathaniel T. Bradley said the deal lets the company execute its infrastructure vision without issuing new stock. The no-dilution angle is a key selling point here.
Deployment Timeline
The rollout is staged. The companies are targeting 25 live locations within 12 months of closing, 50 within 24 months, and the full 100-city footprint within 36 months.
New York and Philadelphia are first in line, with those deployments expected to go live in Q2 2026. The transaction itself is set to close in multiple tranches, with the final tranche before end of 2026.
Datavault AI says it already has Nvidia GPUs in stock with a current market value of $1.2 billion, which it says will support the national rollout.
Revenue Projections
Available Infrastructure CEO Dan Gregory put out some eye-catching numbers. He cited annual revenue potential of $100 million to $1 billion per city, putting the aggregate figure at $10 billion to $100 billion across all 100 locations.
Those are projections, not guarantees, and the definitive agreement hasn’t been signed yet. The two parties still need to finalize representations, warranties, and other standard deal terms.
Datavault AI also pointed to a projected $200 million-plus cash infusion when combined with anticipated proceeds from Bitcoin sales and receivable collections — all without equity dilution.
DVLT was down 1.22% and SCLX fell 3.60% on the day of the announcement.
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