QumulusAI (Nasdaq: QMLS) completed deployment under its $71.9 million Blackwell agreement, putting every GPU into production and billing 10 weeks after signing. The three-year agreement was delivered through B200 capacity on September 8 and the final B300 handoff in Kansas City on October 1.
Signed customer contracts reached $523.4 million, up 85% from $282.5 million reported with second-quarter 2026 results. The agreements represent about $209 million in annual recurring revenue on initial terms, excluding extensions. All 11.75 MW of contracted capacity across six sites is sold: 7 MW is generating revenue, and another energized 1 MW is scheduled for handoff at October-end. The remaining 3.75 MW in metro Atlanta, sold under a $211.9 million, three-year take-or-pay agreement, is targeted for early 2027 activation. A separate $29.1 million agreement will be deployed at an additional site.
QumulusAI (QMLS) signed two three-year take-or-pay AI inference capacity contracts with a combined contracted value of $240.9 million. The agreements cover more than 2,000 NVIDIA Blackwell B300 GPUs across two dedicated clusters. QumulusAI targets early 2027 for capacity turnover under the $211.9 million agreement and expects December 2026 turnover under the $29.1 million agreement.
Both customers had prior agreements, bringing their combined contracted commitments with QumulusAI above $344 million. Extension options could bring the new agreements’ total potential value to $401.6 million over five years. Those options may not be exercised and are excluded from contracted commitments.
QumulusAI (QMLS) has completed deployment and customer handoff of NVIDIA B200 GPU capacity under its previously announced $71.9 million, three-year Blackwell agreement. The B200 capacity reached full handoff on September 8, 2026, and is now live, serving the customer’s AI inference workloads. NVIDIA B300 capacity tied to the same agreement remains in its final deployment stages, and this overall project ranks among the company’s largest customer commitments to reach live production capacity.
QumulusAI (QMLS) has completed deployment of NVIDIA Blackwell B300 GPU capacity at its Philadelphia colocation site, achieving full customer handoff on September 1, 2026 and activating a $18 million, two-year take-or-pay agreement.
The agreement, originally announced on July 22, 2026, is with a GPU cloud marketplace that serves AI teams in more than 100 regions worldwide. The deployment covers the entire NVIDIA Blackwell B300 capacity contracted under the deal, which is now live and in production at QumulusAI’s Philadelphia facility.
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.