QumulusAI secures $124M in AI infrastructure agreements with Hyperbolic and unnamed AI inference platform
Type: Partnership · Technology: Data Center · Country: United States · Value: $124M · Announced: 2026-06-12
QumulusAI finalized two three-year AI infrastructure contracts totaling $124 million, including $21.9 million in initial funding commitments, with Hyperbolic, an open-access AI cloud provider, and an unnamed AI inference platform. The agreements include the deployment of 1,280 Nvidia Blackwell GPUs across 160 bare-metal servers from Lenovo and Supermicro, with networking provided by Cisco Nexus One systems to ensure secure, high-performance AI connectivity. The contracts follow QumulusAI's February 2026 authorization to construct a modular data center in Tyler, Texas, on a four-acre leased site near Western Boulevard and Jim Christal Road, adjacent to the RD Wells substation, with an expected capacity of 20MW. The land lease agreement, signed in August 2024, costs approximately $20,000 per year over a decade, supporting the company's expansion into AI infrastructure. Additionally, QumulusAI secured a $45 million convertible note facility in April 2026 to finance GPU purchases and data center infrastructure, underscoring its rapid scaling in the AI compute market.
Counterparties
- Hyperbolic (Partner)
- Supermicro (Supplier)
- Cisco (Supplier)
- Lenovo (Supplier)
- NVIDIA (Supplier)
- QumulusAI (Developer)
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