QumulusAI signs $18M Nvidia deal backed by blockchain credit

Atlanta-based QumulusAI is pairing Nvidia's latest Blackwell GPUs with a $500 million blockchain-backed credit facility. The neocloud provider announced a two-year, take-or-pay deal worth more than $18 million to supply Nvidia Blackwell B300 GPU nodes to a global GPU cloud marketplace. The customer operates a cloud platform serving AI workloads in more than 100 regions worldwide, with the agreement making QumulusAI one of its primary Blackwell infrastructure providers. Initial deployments are expected to come online this summer from QumulusAI's existing US data centers, using the company's distributed colocation network to deliver GPU capacity.