QumulusAI Amends Oklahoma Lease, Extending Potential Tenure Through January 2044 at a Site With 19 MW of Contracted Power

QumulusAI, a neocloud infrastructure provider purpose-built for the AI computing era, announced an amendment to the surface lease at its Oklahoma data center, extending the company’s potential tenure at the site through January 31, 2044.

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QumulusAI Amends Oklahoma Lease, Extending Potential Tenure Through January 2044 at a Site With 19 MW of Contracted Power

The amendment replaces the single five-year renewal option in the original lease with three consecutive five-year renewal options, each exercisable at the company’s election upon written notice 60 days’ prior to the expiration of the applicable term, assuming continued compliance with the agreement. QumulusAI is not obligated to exercise any of them.

The Oklahoma location, approximately 10.57 acres, has been in service since 2024 and is the company’s legacy operating site. It carries 19 MW of total contracted power capacity. Of that, 10 MW is currently active and supports legacy blockchain mining and hosting operations, and 9 MW is available and unutilized.

“Long-dated control of an established, energized site is a different asset than a lease with a runway,” said Scott Krosnowski, CFO of QumulusAI. “The renewal options here are ours to exercise, and that optionality is what makes the site’s available power worth planning around.”

The amendment also permits leasehold financing at the site, which can support project-level capital structures for future development there.

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