QumulusAI Puts $71.9 Million Blackwell Agreement into Production; Signed Customer Contracts Surpass $500 Million
Business Wire•15/10/2026•07:30 ET
3
Key Highlights
- ➤$523.4 million signed contracts, up 85% from $282.5 million
- ➤$71.9 million Blackwell agreement fully deployed and billing 10 weeks after signing
- ➤7 MW active and revenue-generating; 1 MW scheduled for month-end handoff
- ➤3.75 MW Atlanta capacity targeted for activation in early 2027
- ➤Signed contracts represent approximately $209 million in annual recurring revenue
Expert Statements
Michael Maniscalco, CEO of QumulusAI
“Crossing half a billion dollars in signed customer contracts is a milestone worth marking, and we got there by doing exactly what we said we would do: sign, deploy and expand”
Michael Maniscalco, CEO of QumulusAI
“Our second-quarter revenue of $6.7 million reflected what we had deployed, not what we had sold. Revenue follows handoff, and the handoffs are happening now. All of our capacity is under contract, and we already have a customer signed for the next site, so our focus is on securing the next block.”
QumulusAI Puts $71.9 Million Blackwell Agreement into Production; Signed Customer Contracts Surpass $500 Million
All 11.75 MW of contracted capacity is sold: 7 MW billing today, 1 MW handing off at month-end, 3.75 MW coming online in early 2027; signed contracts represent about $209 million in annual recurring revenue
Get started
Create a free account to read the full story.