AI cloud firm Boost Run lands $525.6m contract with Cohere

AI cloud provider Boost Run has secured a $525.6 million cloud contract with Canadian startup Cohere, which will lease dedicated GPU infrastructure for roughly five years per rack. Cohere is expected to start accepting the infrastructure in Q2 2027, with part of the contract value prepayable.

• Contract value is $525.6m, with each rack leased for about five years
• Cohere is expected to begin accepting infrastructure in Q2 2027
• If Boost Run misses a minimum infrastructure threshold by July 15, 2027, Cohere can terminate and get a refund
• Boost Run was founded in 2024 and operates in TierPoint data centers in the US