At the centre of Eleveight AI’s new facility in Gagarin, the future is kept behind a controlled door,
Forbes reports.
Inside, rows of server racks house 512 NVIDIA Blackwell B300 processors, some of the most advanced artificial intelligence hardware currently available. During a private presentation for Forbes Georgia, the room offered an unusually close view of the physical machinery behind a technology usually encountered as something almost weightless: a prompt, an answer, an image generated in seconds.
Here, there was nothing abstract about it. Artificial intelligence may be delivered through software, but its foundations are unmistakably industrial: processors, cables, cooling systems, electricity and the engineering required to keep everything operating without interruption.
That is why Eleveight calls the site an “AI factory.” The company is not simply building applications on infrastructure located elsewhere. It is bringing the infrastructure itself to Armenia and attempting to turn computing capacity into a new kind of export.
Located at an altitude of almost 1900 metres, the facility is the first operational NVIDIA Blackwell B300 deployment of its kind in the South Caucasus. The first phase represents up to $120 million in investment and up to 5MW of electrical capacity, with expansion of up to 35MW planned for the next phase.
The 512 B300 accelerators at the heart of the system are designed for the intensive workloads required by generative AI, advanced reasoning, model training and inference. The infrastructure can support large-language models, scientific computing, engineering simulations and private AI environments for businesses and governments.
But the project’s larger proposition is not about how many processors are installed in Gagarin. It is about what they can produce.
“We see ourselves as a regional partner, a factory that produces AI tokens and sells that computing capacity across borders,” Eleveight AI board member Davit Abovyan told Forbes Georgia. “Our ambition is also to transfer knowledge to neighbouring countries and deepen our technological ties with them, including, of course, with our friends in Georgia.”
Tokens are the basic units processed by AI systems when they generate text, analyse information or create images and video. At sufficient scale, the ability to process those tokens becomes a commercial product. Eleveight’s model is therefore to convert electricity, advanced hardware and specialised engineering into computing output that can be sold internationally.
For Armenia, this represents a significant evolution. The country is already known for its engineers, software companies and globally successful technology founders. Eleveight is now pursuing something more capital-intensive: ownership of part of the physical infrastructure on which the next generation of AI products will be built.
The company has committed up to 20% of its computing capacity to Armenian universities, research institutions and non-commercial initiatives. The objective is not only to attract foreign customers, but also to give local researchers and startups access to infrastructure that would otherwise be difficult or prohibitively expensive to secure.
Armenia’s Minister of High-Tech Industry, Mkhitar Hayrapetyan, argues that the project should not be understood as a sudden breakthrough.
“This did not begin ten months ago, or only after the bilateral memorandum signed on August 8,” he told Forbes Georgia. “Armenia has been building toward this moment for years.”
