# QumulusAI Brings $71.9 Million Nvidia Agreement Online as Total Contracts Top $500 Million

- URL: https://stocks.freetheai.org/news/qumulusai-brings-71-9-million-nvidia-agreement-online-as-total-contracts-top-500-76e48e
- Published: 2026-10-15T11:30:00Z
- Category: company_news; sentiment: mixed; impact: medium
- Symbols: [NASDAQ:QMLS](https://stocks.freetheai.org/symbols/NASDAQ-QMLS)
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QumulusAI (NASDAQ:QMLS) completed the final equipment handoff under its $71.9 million, three-year agreement for Nvidia hardware, placing every graphics processing unit from that deal into production and billing 10 weeks after signing. The company also confirmed that its total signed customer contract value has reached $523.4 million, passing the half-billion-dollar mark for the first time.

The milestone represents an 85% increase from the $282.5 million in total contract value reported during the second quarter of 2026. Combined, the signed contracts translate to roughly $209 million in initial annual recurring revenue once fully deployed. Currently, 7 megawatts of contracted capacity are active and generating revenue across colocation sites, with an additional 1 megawatt expected to complete final handoff by month-end to reach 8 megawatts.

Investors will be tracking the execution of QumulusAI's remaining infrastructure roadmap. The company plans to activate 3.75 megawatts at a metro Atlanta site in early 2027 under a $211.9 million agreement, while deploying capacity under another $29.1 million deal at an additional location. In market trading today, shares of QumulusAI were down 8.33% to $3.74.

## Key points

- QumulusAI placed all GPUs from its $71.9 million Nvidia Blackwell agreement into production and billing within 10 weeks of signing.
- Total cumulative signed customer contract value reached $523.4 million, up 85% from $282.5 million in the second quarter of 2026.
- The company currently has 7 MW of active revenue-generating capacity, targeting 8 MW by the end of October.
- Fully deployed signed agreements represent approximately $209 million in initial annual recurring revenue.

## Questions and answers

### What milestone did QumulusAI recently achieve?

QumulusAI surpassed $500 million in cumulative signed customer contracts, reaching $523.4 million after putting its $71.9 million Nvidia Blackwell agreement into production.

### How much revenue-generating capacity does QumulusAI currently operate?

QumulusAI currently has 7 megawatts of revenue-generating capacity active, with another 1 megawatt energized and set for final handoff by the end of October to reach 8 megawatts.

### What is QumulusAI's projected annual recurring revenue from signed deals?

On their initial terms, QumulusAI's signed customer agreements translate to approximately $209 million in annual recurring revenue once deployed.