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QumulusAI (QMLS) has completed deployment of 616 NVIDIA RTX PRO 6000 Blackwell GPUs for Runpod under one- and two-year reserved-capacity agreements, with all 77 GPU nodes now active as of August 2026, ahead of the original September 1, 2026 target.
The GPUs are hosted in QumulusAI’s existing U.S. data centers and will power Runpod’s GPU cloud marketplace for production AI inference and agentic workloads. The RTX PRO 6000 Blackwell units expand QumulusAI’s inference and visualization offerings alongside its existing NVIDIA Blackwell B300 and B200 fleet.
QumulusAI (Nasdaq: QMLS) amended the surface lease for its Oklahoma data center, extending potential site tenure through January 31, 2044. The amendment replaces one five-year renewal option with three consecutive five-year options, all exercisable at the company’s discretion, subject to lease compliance. The approximately 10.57-acre site, in service since 2024, has 19 MW of contracted power, of which 10 MW is active for legacy blockchain mining and hosting and 9 MW remains unutilized. The amendment also permits leasehold financing, enabling potential project-level capital structures for future development.
QumulusAI (Nasdaq: QMLS) reported Q2 2026 revenue of $6.7 million, up 118% year over year, with compute power revenue rising to $5.6 million or 84% of total. Gross profit increased to $4.5 million and gross margin expanded to 67%.
The company posted an operating loss of $7.7 million and a net loss of $22.8 million, driven by a $19.2 million non‑cash loss on issuance of a convertible note. Adjusted EBITDA loss was $0.8 million. Deferred revenue rose $30.5 million in H1 2026, contributing to $22.3 million of operating cash flow. QumulusAI signed 21 new AI compute contracts with expected take‑or‑pay value of $169.7 million, bringing cumulative signed customer contract value to $282.5 million, and expanded its GPU fleet to 3,088 units and 8 MW of HPC capacity under lease.
QumulusAI (Nasdaq: QMLS) signed a seven-year colocation agreement for up to 3.75 MW of data center capacity in metropolitan Atlanta, plus a right of first offer on as much as 7 MW of additional contiguous capacity at the same site.
The initial capacity is expected to support up to 2,048 NVIDIA Blackwell B300-class GPUs and is targeted to be ready for service in Q4 2026, subject to the provider completing a premises transition. Since early June, QumulusAI has announced customer agreements valued at more than $246 million in aggregate and has purchased 1,632 NVIDIA Blackwell B300 GPUs to meet this demand. Atlanta is also the company’s home market, with its headquarters recently established in Georgia Tech’s Tech Square.
QumulusAI (Nasdaq: QMLS) will release its second quarter 2026 financial results for the period ended June 30, 2026 after market close on Tuesday, August 25, 2026. The company will hold its first quarterly earnings conference call and webcast as a public company at 5 p.m. EDT the same day.
Investors can access the live webcast via the provided Q4 events link or join by phone using domestic dial-in 833-461-5787, international dial-in +1 585-542-9983, and Meeting ID 772 707 480. A live webcast and archived replay will be available in the Investor Relations section of the company’s website at investors.qumulusai.com.
QumulusAI (Nasdaq: QMLS) announced a GPU-as-a-Service agreement with global trading firm DRW to supply a dedicated NVIDIA Blackwell B300 cluster, delivered from QumulusAI’s U.S. data centers. The contract has an initial one-year term plus three one-year renewal options, allowing up to four years of service.
The deal adds DRW as QumulusAI’s second financial-markets customer, following an August 7 agreement with an agentic hedge fund. According to QumulusAI, it has announced customer agreements valued at more than $246 million in aggregate since early June.
QumulusAI (Nasdaq: QMLS) announced an agreement with an unnamed agentic hedge fund to monetize its reserve NVIDIA Blackwell GPU capacity. The deal combines market-rate compute pricing with a share of the fund’s quarterly trading profits, while QumulusAI has no exposure to trading losses.
The fully agentic hedge fund runs AI agents that discover, test, validate and deploy trading strategies with live capital on QumulusAI’s self-hosted, sovereign compute environment. This is QumulusAI’s first deployment of a new monetization strategy, differing from recent fixed-value, take-or-pay contracts by tying revenue to both compute consumption and trading performance.
QumulusAI (Nasdaq: QMLS) announced that CEO Mike Maniscalco will participate in the Needham Virtual AI Infrastructure 1x1 Conference on Wednesday, August 12, 2026. Management will hold 40-minute virtual one-on-one meetings with institutional investors to discuss hyper-distributed compute deployments and scaling cost-efficient infrastructure for AI inference platforms.
According to QumulusAI, the company has announced over $240 million in compute contracts since June and is actively delivering six customer deployments, several nearing completion and others expected to finish this quarter.
QumulusAI (Nasdaq: QMLS) announced it will ring the opening bell at the Nasdaq MarketSite in New York's Times Square on Wednesday, July 29. The live ceremony will be broadcast from 9:15 a.m. EDT on Nasdaq's bell-ringing webpage, marking a milestone for the neocloud infrastructure provider.
QumulusAI (Nasdaq: QMLS) signed a three-year agreement worth about $71.9 million to supply NVIDIA Blackwell B300 and B200 GPU capacity to an AI inference platform provider. The deal, which includes renewal options, is among the company’s largest customer commitments and will be served from its U.S. data centers.
Capacity for the customer’s large language, vision, and speech model workloads is expected to be ready in the third quarter of 2026. QumulusAI highlights its demand-led deployment model, using distributed colocation and owned facilities. Including this contract, the company reports announcing over $246 million in customer agreements since early June 2026.