D-Wave Quantum Inc. has announced significant new business agreements totaling $30 million, coinciding with a strategic decision to relocate its global headquarters to Florida. These developments point to increasing commercial adoption of quantum computing solutions, even as the company’s stock faces ongoing market pressures.
Strategic Move to a Tech Hub
The quantum computing firm is establishing its new global base in Boca Raton, Florida, moving from its previous headquarters in Palo Alto, California. The company will occupy space within the Boca Raton Innovation Campus, a 1.7 million-square-foot technology park originally developed by IBM. The relocation is scheduled for completion by the end of 2026.
This move is supported by substantial infrastructure investment. Campus owner CP Group has committed $100 million to upgrades, including specialized facilities designed for quantum computer operations. Both the state of Florida and the city of Boca Raton are facilitating the transition with incentives aimed at job creation and workforce development programs.
Landmark Agreements Unveiled
The contract announcements were made public during D-Wave’s annual Qubits conference, held in late January 2026 in Boca Raton. The deals represent two distinct pathways to market growth.
In a key enterprise agreement, an unnamed Fortune 100 corporation has entered into a two-year, $10 million contract. This partnership grants the client cloud-based access to D-Wave’s annealing and gate-model quantum systems. Company statements indicate this is the first major enterprise contract of its kind, involving the joint development and implementation of multiple quantum-hybrid applications. The client will utilize the provider’s software, services, and both system architectures.
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In a separate academic partnership, Florida Atlantic University (FAU) has committed $20 million to acquire an Advantage2 quantum computing system. The hardware, featuring over 4,400 qubits, is expected to be operational on the Boca Raton campus within 2026.
This installation will position FAU as the first university in Florida to host a publicly accessible, on-premises quantum computer of this scale. Accompanying the hardware deployment, a D-Wave Quantum Applications Academy will be established to offer students paid internships and hands-on experience with the technology.
Market Context and Stock Performance
Despite these commercial advancements, D-Wave’s stock has encountered a challenging period. Share prices have declined approximately 23% since the start of the year. This follows a retreat from a 52-week high of $46.75 reached in October 2025.
The broader quantum computing sector is experiencing valuation pressure as investors adopt a more cautious stance toward speculative technology stocks. Macroeconomic uncertainty is cited as an additional headwind for the industry.
Commercial Milestone and Ecosystem Growth
The combined $30 million in new business is viewed as a pivotal moment for the commercialization of D-Wave’s technology. The relocation to Florida is strategically aligned to foster closer collaboration with FAU’s research initiatives and state-supported workforce training. Analysts observe that the company’s establishment in the region is likely to bolster the local quantum computing ecosystem, integrating corporate innovation with academic research and talent development.
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