🇺🇸QumulusAI disclosed $282.5 million in cumulative signed contract value and purchased 1,632 NVIDIA Blackwell B300 GPUs.

QumulusAI disclosed that cumulative signed customer contract value had reached $282.5 million. This figure represents signed contract value rather than recognized revenue, and the filing does not equate the full amount with revenue already earned or collected.

The company also reported signing more than $120 million of new customer agreements, including one three-year agreement valued at more than $71 million. It separately disclosed a GPU-as-a-Service agreement with diversified trading firm DRW.

QumulusAI said it purchased 1,632 NVIDIA Blackwell B300 graphics processing units to serve customer demand. It also entered a metropolitan Atlanta colocation agreement for up to 3.75 megawatts, with a right of first offer covering as much as 7 megawatts of additional capacity at the same site.

The filing identifies material concentration and deployment risks. A substantial portion of hosting revenue comes from a limited number of customers, much of current GPU-as-a-Service revenue is generated through one channel partner, and operations depend on access to equipment, power, data-center capacity and additional capital.