QumulusAI completes Nvidia Blackwell GPU handoff and lifts signed contracts to $523.4 million
QumulusAI announced the final delivery of Nvidia B300 GPUs under its $71.9 million three‑year Blackwell agreement. The firm now has 7 MW of its 11.75 MW contracted capacity generating revenue, with a further 1 MW expected to be transferred to customers by the end of the month and the remaining 3.75 MW slated for activation in early 2027. Signed customer contracts total $523.4 million, an 85 % rise from the prior quarter, representing about $209 million of annual recurring revenue.
Why it matters
The company’s backlog of contracts and the activation of additional capacity should increase future recurring revenue, but revenue will only be recognized after each handoff, so cash flow will grow gradually as the 1 MW and later the 3.75 MW come online. Investors will watch the upcoming handoffs for signs of revenue acceleration.
Key facts
- 1All 11.75 MW of contracted capacity is sold, with 7 MW active and billing today. stocktitan.net
- 2An additional 1 MW, already powered, will be transferred to customers by month‑end. stocktitan.net
- 3The remaining 3.75 MW at the Atlanta site is targeted for activation in early 2027. stocktitan.net
- 4Cumulative signed customer contract value reached $523.4 million, up 85 % from $282.5 million in Q2 2026. stocktitan.net
- 5The contracts translate to roughly $209 million of annual recurring revenue on initial terms. stocktitan.net
- 6The Blackwell agreement was valued at $71.9 million and was delivered in two deployments (B200 on Sep 8 and B300 on Oct 1). stocktitan.net
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.