QumulusAI Inc (NASDAQ: QMLS) reported that its shares increased 4.6% in pre‑market trading on Thursday following the announcement of a seven‑year colocation agreement for data‑center capacity in metropolitan Atlanta. The agreement secures up to 3.75 MW of capacity, and grants QumulusAI a right of first offer for an additional 7 MW of contiguous capacity at the same site. The contracted capacity is designed to support up to 2,048 NVIDIA Blackwell B300‑class GPUs. Delivery of the capacity is conditioned on the provider completing the transition of the premises with the existing occupant, with the capacity expected to be ready for service in the fourth quarter of 2026.
CEO Michael Maniscalco stated that acquiring multiyear capacity locally will enable the company to accommodate deployments currently being signed and provide a first look at future expansion opportunities. Since early June, QumulusAI has announced customer agreements valued at more than $246 million in aggregate. This includes a three‑year inference agreement valued at over $71 million announced on July 28, and a separate GPU‑as‑a‑Service agreement with DRW announced on August 11.
In July, the company purchased 1,632 NVIDIA Blackwell B300 GPUs. Additionally, QumulusAI established its corporate headquarters in Georgia Tech’s Tech Square in June. The article was generated with AI assistance and reviewed by an editor.