QumulusAI Completes $71.9M Nvidia Blackwell Handoff as Signed Contracts Reach $523.4M

QumulusAI announced it completed the final Nvidia B300 handoff under its $71.9M, three-year Blackwell agreement 10 weeks after signing, bringing its cumulative signed customer contract value to $523.4M. That total is up 85% from the $282.5M reported in its Q2 2026 results and translates into about $209M in annual recurring revenue on initial terms, excluding extension options. The $71.9M agreement was delivered across two deployments: B200 capacity on Sept. 8 and B300 capacity at its Kansas City site on Oct. 1. The same customer also signed a second, three-year take-or-pay agreement valued at $211.9M for 3.75 MW of capacity in metro Atlanta, bringing that customer's contracted commitments to $283.8M before extension options. Across six colocation sites, 7 MW of QumulusAI's 11.75 MW in contracted capacity is currently active and billing. Another 1 MW is energized and scheduled for final handoff at month-end, which would bring active capacity to 8 MW and represent about $128M in annual recurring revenue. The remaining 3.75 MW in metro Atlanta is targeted for activation in early 2027, representing about $71M in annual recurring revenue, alongside a separate $29.1M agreement scheduled for deployment at an additional site. "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." — Michael Maniscalco, CEO of QumulusAI.