QumulusAI Reports Q1 Loss as Revenue Climbs on GPU Services and Mining
QumulusAI reported a Q1 loss while accelerating AI infrastructure expansion. Revenue rose 83% year over year to $3.42 million, aided by the 2025 acquisition of GPU-as-a-Service platform The Cloud Minders. Cryptocurrency mining revenue increased 150% to $368.98 thousand. Chardan initiated coverage with a Buy rating and a $24.50 target.