Uniserve secures $2.83M loan to add NVIDIA B300 systems in Vancouver
What's the deal? Uniserve CommunicationsDealroom has a profile for this one. Try Dealroom → (TSXV: COMP) has secured a fully committed US$2.93M (≈$2.83 million) loan, with most proceeds funding the purchase of additional NVIDIA B300 systems for its Vancouver data centre. The lender is 369 Terminal Holdings, which led the round.
The terms: The non-convertible loan carries 8% annual interest plus a 5% fee and matures 12 months after the initial advance. The new B300 equipment serves as collateral under a first-ranking charge in favour of the lender.
What's the endgame? Uniserve wants to deliver AI compute from Canadian infrastructure for customers that need to keep 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 chief executive officer Gautam Lohia.
Why now? The deal builds on a five-year AI compute agreement Uniserve signed in September for NVIDIA B300 servers, and advances its flagship Vancouver facility, which targets 1 MW of initial capacity.
What could go wrong? The lender is non-arm's-length: its principal, Michael C. Scholz, controls over 20% of Uniserve and is a control person, making this a related-party transaction under Multilateral Instrument 61-101. The 12-month term also creates a near-term refinancing obligation tied to equipment whose value depends on contracted demand.
The signal: The move fits a broader Canadian push for sovereign AI compute, where Ottawa has pledged to help companies access 500 MW of capacity and larger players such as BellDealroom has a profile for this one. Try Dealroom → and Meta are investing. Uniserve is far smaller, and its challenge is converting an initial customer commitment into enough demand to justify the added capacity.
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Image credit: Idaho National Laboratory
