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- QumulusAI Expands Closed Lease Financing With TFC to $123.6 Million, Funding Its NVIDIA Blackwell GPUs Without New Equity
QumulusAI has expanded its equipment lease financing with Tech Finance Co., LLC (TFC) to approximately 123.6 million USD, up from the 26.0 million USD announced in May. The three-year leases fund NVIDIA Blackwell GPUs bought in May and July 2026. TFC financed 85% to 90% of each lease's equipment cost, with customer deposits covering the balance, and QumulusAI issued no new equity. The leases include end-of-term options to acquire the equipment or return it, with the amortized payments implying a high single-digit annualized interest rate.
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