QumulusAI activates $18M GPU agreement in Philadelphia

QumulusAI (Nasdaq: QMLS) announced it has completed deployment of Nvidia Blackwell B300 GPU capacity at its Philadelphia colocation site, activating an $18 million, two-year take-or-pay agreement with a GPU cloud marketplace customer.

According to a press release, full customer handoff was reached Sept. 1, 2026, converting the agreement — originally announced July 22, 2026 — into deployed capacity. The customer is described as a GPU cloud marketplace serving AI teams in more than 100 regions worldwide.

The deployment represents the full scope of Nvidia Blackwell B300 capacity contracted under the agreement, which is now live and in production at the Philadelphia site.

"Building a reliable GPU business starts with reliable supply partners, and that's the relationship this deployment represents. The agreement we announced in July is now live in Philadelphia and fully in our customer's hands," said Michael Maniscalco, CEO of QumulusAI.

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