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QumulusAI ( QMLS ) signs the Nvidia DRW Blackwell contract; whether the contract's potential can be converted into revenue remains to be verified
2026-08-12 01:44:21
According to CoinMeta, QumulusAI (Nasdaq: QMLS) signed a service agreement with the global diversified trading firm DRW on August 11 to provide dedicated Nvidia Blackwell B300 clusters. The agreement is valid for one year and can be renewed for up to three more years, totaling four years. This agreement is part of the total customer agreements announced by QumulusAI since June, which exceed $246 million. The company expects its annual recurring revenue (ARR) for the fiscal year 2026 to reach $300 million, an increase of about 30 times compared to the fiscal year 2025. Despite facing the common risks associated with high growth, the DRW contracts with QumulusAI enhance the credibility of its growth prospects.
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Source：Internet
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