
DRW, a diversified global trading firm, will use a dedicated NVIDIA Blackwell B300 cluster to expand the scale and speed of its compute resources under an annually renewable agreement.


QumulusAI (NASDAQ:QMLS), a

<p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">DRW, a diversified global trading firm, will use a dedicated NVIDIA Blackwell B300 cluster to expand the scale and speed of its compute resources under an annually renewable agreement.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
QumulusAI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/QMLS">QMLS</a>), a neocloud infrastructure provider purpose-built for the AI computing era, today announced a GPU-as-a-Service agreement with DRW, a diversified global trading firm with expertise in commodities, derivatives and emerging asset classes, to supply a dedicated NVIDIA Blackwell B300 cluster.

</p><p xmlns="http://www.w3.org/1999/xhtml">
DRW has been an early participant in the development of compute as an institutional market. DRW incubated Compute Exchange, a marketplace connecting enterprises seeking GPU capacity with providers of compute infrastructure, and Silicon Data, which has developed pricing benchmarks, indices, and futures contracts for the GPU compute market.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Quantitative trading firms are among the most demanding compute customers there are, and they are expanding what they invest in AI infrastructure," said Michael Maniscalco, CEO of QumulusAI. "GPU-as-a-Service will give DRW fast, dedicated access to current-generation Blackwell compute exactly when its teams need it. We are glad to welcome DRW as a customer."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Capacity will be served from QumulusAI’s U.S. data center footprint. The agreement carries an initial one-year term and three one-year renewal options, and a contractual framework that can run up to four years in total.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"We’ve always invested in the research and technology that allow us to test, challenge and refine how we understand markets," said Rich Norman, Chief Information Officer of DRW. "This capacity allows us to run more complex research at greater scale, iterate faster and shorten the distance between a hypothesis and what the data tells us. That ability to keep learning is fundamental to finding new edge."

</p><p xmlns="http://www.w3.org/1999/xhtml">
The agreement follows QumulusAI’s August 7 announcement of an agreement with an agentic hedge fund and brings a second financial-markets customer into a book of business led to date by AI inference platforms. QumulusAI has announced customer agreements valued at more than $246 million in aggregate since early June.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About QumulusAI</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
QumulusAI is a distributed AI cloud platform that delivers accelerated access to high-performance GPU compute. Through an inference-first, demand-led deployment model across a network of data center sites, QumulusAI brings compute closer to customer demand, helping AI teams and enterprises scale production AI workloads with speed, flexibility and control. By combining rapid deployment with flexible private cloud infrastructure, QumulusAI gives customers a faster, more adaptable path beyond the capacity constraints of traditional centralized and hyperscale cloud models. Learn more at QumulusAI.com.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Follow us on <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fqumulusai%2Fposts%2F%3FfeedView%3Dall&amp;esheet=54587478&amp;newsitemid=20260811175956&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=1&amp;md5=7ce8031d133af9b2e9678c341528d95e" shape="rect">LinkedIn</a> and X <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fx.com%2FQumulusAI&amp;esheet=54587478&amp;newsitemid=20260811175956&amp;lan=en-US&amp;anchor=%40QumulusAI&amp;index=2&amp;md5=4bc0a3f3fb68119bd32b2902a3867e72" shape="rect">@QumulusAI</a>.

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<b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the company’s GPU-as-a-Service agreement with DRW for NVIDIA Blackwell B300 capacity, the potential term of the agreement and whether its annual renewal options are exercised, DRW’s ability to use the capacity to expand the scale and speed of its compute resources and research, the company’s ability to provide fast, dedicated access to current-generation Blackwell compute exactly when DRW’s teams need it, and the company’s ability to serve the agreement from its existing U.S. data center footprint. Words such as "anticipate," "believe," "estimate," "expect," "guidance," "intend," "can," "may," "on track," "plan," "project," "target," "will" and similar expressions are intended to identify forward-looking statements. These statements are based on management’s current expectations and assumptions as of the date of this release and are subject to risks and uncertainties that could cause actual results to differ materially, including, among others, the company’s dependence on a limited number of large customers; the availability and cost of power, network connectivity and specialized hardware such as graphics processing units; the company’s substantial capital requirements and access to financing; competition and rapid technological change in the high-performance computing and AI markets; the company’s limited operating history and history of net losses; and those described in the "Risk Factors" section of the company’s registration statement on Form S-1, as amended (File No. 333-292514), filed with the U.S. Securities and Exchange Commission (SEC), as such factors may be updated in the company’s subsequent filings with the SEC. QumulusAI undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by applicable law.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260811175956r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260811175956/en/" rel="nofollow">https://www.businesswire.com/news/home/20260811175956/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investor Contact 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:investors@qumulusai.com" shape="rect">investors@qumulusai.com</a>

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<b xmlns="http://www.w3.org/1999/xhtml">Media Contact 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:media@qumulusai.com" shape="rect">media@qumulusai.com</a>

</p>

QMLS

QumulusAI Signs GPU-as-a-Service Agreement With DRW for NVIDIA Blackwell B300 Capacity, Annually Renewable Up to Four Years

QumulusAI Secures DRW GPU-Compute Order for NVIDIA Blackwell B300

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>DRW, a diversified global trading firm, will use a dedicated NVIDIA Blackwell B300 cluster to expand the scale and speed of its compute resources under an annually renewable agreement.


QumulusAI (NASDAQ:QMLS), a</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>QumulusAI announced a GPU-as-a-Service agreement with DRW to supply a dedicated NVIDIA Blackwell B300 cluster. The initial one-year term includes three one-year renewal options, with capacity hosted in U.S. data centers. The deal contributes to QumulusAI’s robust bookings—over $246 million since early June—highlighting strong demand for enterprise AI compute and a potential revenue ramp.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>QumulusAI signs GPU-as-a-Service with DRW for NVIDIA Blackwell B300.</li><li>Initial term is 1 year; renewal options include 3 one-year extensions.</li><li>Capacity served from U.S. data centers; agreements &gt;$246M since early June.</li><li>DRW is a diversified trading firm; signals enterprise compute demand.</li><li>QumulusAI adds second financial-market customer; reinforces AI-inference platform growth.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>QumulusAI (QMLS)</strong>: Announces DRW GPU-as-a-Service agreement; validates enterprise AI compute demand.</li><li><strong>DRW (DRW)</strong>: Diversified trading firm; large, high-profile financial customer; could expand enterprise compute usage.</li><li><strong>NVIDIA (NVDA)</strong>: Provider of Blackwell B300 GPUs enabling the DRW–QumulusAI engagement.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. Rationale: Company-initiated large-customer deal signals near-term revenue progress and market traction in AI infrastructure.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>DRW deal validates growing enterprise demand for GPU-as-a-Service.</li><li>Term structure implies potential multi-year revenue with renewal options.</li><li>QumulusAI’s total customer agreements exceed $246M since June.</li><li>DRW’s involvement could attract additional marquee finance customers.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Agreement: DRW GPU-as-a-Service for NVIDIA Blackwell B300.</li><li>Initial term: 1 year; renewals: 3 one-year options.</li><li>Capacity to be served from QumulusAI&#039;s U.S. data center footprint.</li><li>Customer agreements valued &gt;$246 million since early June.</li><li>Forward-looking statements subject to risks per SEC.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish over 6–12 months on validated enterprise demand and potential revenue growth.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">DRW, a diversified global trading firm, will use a dedicated NVIDIA Blackwell B300 cluster to expand the scale and speed of its compute resources under an annually renewable agreement.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
QumulusAI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/QMLS">QMLS</a>), a neocloud infrastructure provider purpose-built for the AI computing era, today announced a GPU-as-a-Service agreement with DRW, a diversified global trading firm with expertise in commodities, derivatives and emerging asset classes, to supply a dedicated NVIDIA Blackwell B300 cluster.

</p><p xmlns="http://www.w3.org/1999/xhtml">
DRW has been an early participant in the development of compute as an institutional market. DRW incubated Compute Exchange, a marketplace connecting enterprises seeking GPU capacity with providers of compute infrastructure, and Silicon Data, which has developed pricing benchmarks, indices, and futures contracts for the GPU compute market.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Quantitative trading firms are among the most demanding compute customers there are, and they are expanding what they invest in AI infrastructure," said Michael Maniscalco, CEO of QumulusAI. "GPU-as-a-Service will give DRW fast, dedicated access to current-generation Blackwell compute exactly when its teams need it. We are glad to welcome DRW as a customer."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Capacity will be served from QumulusAI’s U.S. data center footprint. The agreement carries an initial one-year term and three one-year renewal options, and a contractual framework that can run up to four years in total.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"We’ve always invested in the research and technology that allow us to test, challenge and refine how we understand markets," said Rich Norman, Chief Information Officer of DRW. "This capacity allows us to run more complex research at greater scale, iterate faster and shorten the distance between a hypothesis and what the data tells us. That ability to keep learning is fundamental to finding new edge."

</p><p xmlns="http://www.w3.org/1999/xhtml">
The agreement follows QumulusAI’s August 7 announcement of an agreement with an agentic hedge fund and brings a second financial-markets customer into a book of business led to date by AI inference platforms. QumulusAI has announced customer agreements valued at more than $246 million in aggregate since early June.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About QumulusAI</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
QumulusAI is a distributed AI cloud platform that delivers accelerated access to high-performance GPU compute. Through an inference-first, demand-led deployment model across a network of data center sites, QumulusAI brings compute closer to customer demand, helping AI teams and enterprises scale production AI workloads with speed, flexibility and control. By combining rapid deployment with flexible private cloud infrastructure, QumulusAI gives customers a faster, more adaptable path beyond the capacity constraints of traditional centralized and hyperscale cloud models. Learn more at QumulusAI.com.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Follow us on <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fqumulusai%2Fposts%2F%3FfeedView%3Dall&amp;esheet=54587478&amp;newsitemid=20260811175956&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=1&amp;md5=7ce8031d133af9b2e9678c341528d95e" shape="rect">LinkedIn</a> and X <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fx.com%2FQumulusAI&amp;esheet=54587478&amp;newsitemid=20260811175956&amp;lan=en-US&amp;anchor=%40QumulusAI&amp;index=2&amp;md5=4bc0a3f3fb68119bd32b2902a3867e72" shape="rect">@QumulusAI</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the company’s GPU-as-a-Service agreement with DRW for NVIDIA Blackwell B300 capacity, the potential term of the agreement and whether its annual renewal options are exercised, DRW’s ability to use the capacity to expand the scale and speed of its compute resources and research, the company’s ability to provide fast, dedicated access to current-generation Blackwell compute exactly when DRW’s teams need it, and the company’s ability to serve the agreement from its existing U.S. data center footprint. Words such as "anticipate," "believe," "estimate," "expect," "guidance," "intend," "can," "may," "on track," "plan," "project," "target," "will" and similar expressions are intended to identify forward-looking statements. These statements are based on management’s current expectations and assumptions as of the date of this release and are subject to risks and uncertainties that could cause actual results to differ materially, including, among others, the company’s dependence on a limited number of large customers; the availability and cost of power, network connectivity and specialized hardware such as graphics processing units; the company’s substantial capital requirements and access to financing; competition and rapid technological change in the high-performance computing and AI markets; the company’s limited operating history and history of net losses; and those described in the "Risk Factors" section of the company’s registration statement on Form S-1, as amended (File No. 333-292514), filed with the U.S. Securities and Exchange Commission (SEC), as such factors may be updated in the company’s subsequent filings with the SEC. QumulusAI undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by applicable law.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260811175956r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260811175956/en/" rel="nofollow">https://www.businesswire.com/news/home/20260811175956/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investor Contact 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:investors@qumulusai.com" shape="rect">investors@qumulusai.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Media Contact 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:media@qumulusai.com" shape="rect">media@qumulusai.com</a>

</p>

QumulusAI announced a GPU-as-a-Service agreement with DRW to supply a dedicated NVIDIA Blackwell B300 cluster. The initial one-year term includes three one-year renewal options, with capacity hosted in U.S. data centers. The deal contributes to QumulusAI’s robust bookings—over $246 million since early June—highlighting strong demand for enterprise AI compute and a potential revenue ramp.

News insight

QumulusAI Signs GPU-as-a-Service Agreement With DRW for NVIDIA Blackwell B300 Capacity, Annually Renewable Up to Four Years

AI summary

Sentiment rationale

Key facts

Corporate Developments