QumulusAI Lands $18M Take-or-Pay Deal for NVIDIA Blackwell B300 GPUs
QMLS sits 19% above its 52-week low of $5.4 on elevated volume (2.4× avg).
Summary
QumulusAI signed a two-year, take-or-pay agreement worth more than $18 million to supply NVIDIA Blackwell B300 nodes to a GPU cloud marketplace. The deal locks in revenue and makes QumulusAI a core Blackwell supplier to the customer, with initial deployments expected this summer. This follows the July 20 announcement of its largest single GPU purchase—1,632 Blackwell B300 and 192 RTX PRO 6000 units—showing rapid conversion of capacity into committed contracts. For a company that just went public via direct listing on July 16 and saw its stock crater from $38 to around $6.45, this contract provides tangible demand validation and recurring revenue visibility. The take-or-pay structure reduces customer churn risk and supports the demand-led deployment model. Watch for further customer wins as the Blackwell capacity comes online.
At the time of this announcement, QMLS was trading at $6.45 on NASDAQ in the Technology sector, with a market capitalization of approximately $223.8M. The 52-week trading range was $5.40 to $38.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.