other material
confidence high
sentiment positive
materiality 0.75
Professional Diversity Network unit signs GPU lease, collaboration, loan for two NVIDIA B300 systems
Professional Diversity Network, Inc.
- PDN Intelligence, a wholly owned subsidiary of Professional Diversity Network (IPDN), entered a lease, tri-party collaboration, and secured loan on Oct. 5, 2026 for GPU infrastructure.
- Initial capital commitments total about $1.177 million for two NVIDIA B300 eight-GPU systems; PDN Intelligence is buying one from AMAX for $588,581.99 and lending Goodwill $588,849.23 for the second.
- The 60-month lease sets annual base rent at 20% of acquisition cost (about $117,716), payable bi-monthly; Goodwill may terminate for convenience after year two on 90 days' notice with no fee.
- Under the collaboration, bi-monthly project profit is split 75% to PDN Intelligence and the remainder to Goodwill and HashForest; the loan pays PDN Intelligence 75% of positive distributable profit.
- Delivery/acceptance is due by Jan. 15, 2027; otherwise PDN Intelligence may cancel undelivered equipment and seek refund, though AMAX terms make GPU purchases final.