Key Highlights
- A binding term sheet between Datavault AI (DVLT) and Scilex Holding (SCLX) brings $120M in capital to the table
- The agreement grants Scilex tiered revenue participation: 30% until reaching $250M, 15% up to $1.2B, then 5% thereafter
- Capital deployment targets a quantum-resistant GPU edge computing infrastructure spanning approximately 100 American cities
- First sites in New York and Philadelphia are scheduled to launch during Q2 2026
- The company reports current holdings of Nvidia GPUs valued at approximately $1.2 billion in today’s market
Datavault AI (DVLT) has entered into a binding term sheet agreement with Scilex Holding (SCLX) that delivers $120 million in capital for expanding its GPU infrastructure footprint nationwide. The arrangement provides Scilex with revenue participation instead of ownership stakes, preserving the current equity structure for DVLT investors.
Under the tiered compensation model, Scilex will collect 30% of gross network revenues until receiving aggregate payments of $250 million. The participation rate then decreases to 15% until total distributions reach $1.2 billion. Any payments beyond that milestone carry a 5% participation rate.
The funding will finance what the firm describes as a “quantum-ready edge network” — distributed micro data centers featuring quantum-resistant encryption technology and GPUs optimized for artificial intelligence processing at network edges.
Datavault AI plans to leverage Available Infrastructure’s SanQtum platform as the foundation for this network architecture. Every deployment location will feature zero-trust security protocols, sovereign private cloud capabilities, and local GPU computational power.
CEO Nathaniel T. Bradley emphasized that this financing structure enables the company to pursue its infrastructure expansion strategy while avoiding share issuance. The preservation of shareholder equity represents a central advantage of this approach.
Implementation Schedule
The infrastructure expansion follows a phased approach. The partners aim to activate 25 facilities within the first year post-closing, expand to 50 locations by the two-year mark, and complete the full 100-city network within three years.
New York and Philadelphia will host the inaugural deployments, expected to become operational during the second quarter of 2026. The capital injection will arrive in staggered tranches, with final funding delivery scheduled before 2026 concludes.
Datavault AI maintains it currently possesses Nvidia GPUs carrying a present market valuation of $1.2 billion, inventory the company says will underpin the nationwide expansion effort.
Financial Outlook
Available Infrastructure CEO Dan Gregory presented ambitious revenue forecasts. He estimated annual revenue generation between $100 million and $1 billion per metropolitan location, suggesting total potential revenues spanning $10 billion to $100 billion across the complete 100-site network.
These figures represent forward-looking projections rather than committed outcomes, and the parties have yet to execute a final definitive agreement. Additional negotiation remains necessary to finalize standard contractual provisions including representations and warranties.
Datavault AI also highlighted expectations for total cash proceeds exceeding $200 million when factoring in anticipated Bitcoin liquidations and accounts receivable collections — all achievable without issuing additional equity.
DVLT shares declined 1.22% while SCLX dropped 3.60% on the announcement date.
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