Corvex signs multi-year deal to supply Nvidia Blackwell GPUs
Corvex, Inc. (Nasdaq: MOVE) has signed a multi-year agreement to provide clusters of Nvidia Blackwell GPUs connected with Nvidia Quantum-2 InfiniBand networking to an unnamed AI company, according to a press release from the Arlington, Virginia-based firm.
The deployment involves Nvidia HGX B200 capacity installed inside an existing air-cooled facility. Corvex said it commissioned the high-density, liquid-cooled capacity approximately two weeks after equipment arrived, without rebuilding the facility or relocating to a new site. A case study on the deployment was produced with Lenovo.
The agreement expands on an earlier customer commitment and includes dedicated high-speed storage and CPUs. Corvex delivered the first portion of the cluster in the first quarter of 2026, with remaining capacity delivered in the second and third quarters. The company said full run-rate revenue will begin midway through the current quarter, with revenue recognized throughout the year as portions of the cluster were delivered.
Corvex said it is funding the expansion through a combination of debt financing, customer pre-payment, and cash on hand, without issuing additional equity.
"Standing up liquid-cooled Blackwell capacity inside an air-cooled facility in roughly two weeks is an engineering accomplishment," said Seth Demsey, Co-Founder and Co-Chief Executive Officer of Corvex.
