Eleveight AI Sells Out Within a Month of Launch, Expansion Already Underway

Within a month of launching the first NVIDIA Blackwell-powered AI Factory in Armenia and the South Caucasus, Eleveight AI has fully sold its initial live capacity and begun building the next phase. Demand has outpaced supply faster than the company anticipated, an early signal that the appetite for sovereign, high-performance AI compute in the region is real and growing.

"The response has moved faster than we planned for. Our first capacity was taken up within weeks, and we are already building the next phase. It tells us something simple: the demand for sovereign, high-performance AI compute in this region is real, and it is here now. Our job is to scale responsibly and keep Armenia at the centre of where advanced AI gets built," mentioned co-founder and CEO of Eleveight AI, Arman Aleksanian.

The facility's current 1.5MW capacity is fully sold out. As part of the Phase 1 expansion, the current capacity is set to more than triple, reaching 5MW by year-end. Upon completion of Phase 2, total capacity will reach 40MW. The pace of expansion reflects accelerating demand from enterprises, researchers, and public-sector organisations in Armenia and across international markets.

Located in Gagarin, Gegharkunik Province, the AI Factory is the first NVIDIA Blackwell deployment in Armenia and the South Caucasus, and represents the first phase of a planned $120 million investment project, of which $70 million has already been deployed. It is powered by 512 NVIDIA Blackwell B300 GPUs and is accessible to both Armenian and international clients through dedicated and shared access models.

On this occasion, NVIDIA Vice President of Physical AI Simulation Rev Lebaredian stated: "Agentic and physical AI are driving a fundamental redesign of the data center into AI factories built for intelligence at scale. By deploying NVIDIA Blackwell infrastructure in Armenia, Eleveight AI is helping establish the compute foundation for a sovereign AI ecosystem, enabling regional developers and enterprises to build, post-train, and deploy advanced AI models with high performance and efficiency."

The AI Factory was officially launched on June 1st at the Core Reveal event, alongside government officials, technology industry representatives, and international partners. Minister of High-Tech Industry of the Republic of Armenia, Mkhitar Hayrapetyan, marked the start of the project, highlighting its strategic importance: “The AI factory lays one of the cornerstones of Armenia's future economy. With this project, Armenia becomes not only a consumer and user of advanced technologies, but also a producer and supplier for the global market.”

Demand for sovereign AI infrastructure is growing rapidly worldwide. According to Fortune Business Insights, the market is projected to reach $1.31 billion by 2034. In response to this growing demand, Eleveight AI is positioned not only to meet market needs, but to scale its operations in parallel with that growth.