Yes, Genesis mining will start new contract soon, but still there is no any fixed date about it. You can check it here : https://twitter.com/GenesisMining/status/927458406063116288
But, if you read some participants/investors/contract holders reviews; they mentioned there are many cases of delay payments, payment reduced or undue payments for months and even over a year, and genesis support does not respond well about it, in other words; poor support team.
There is another cloud mining which more profitable than genesis which will start their mining activity in December, a project called Ice Rock Mining.
However, their ICO has ended and token holders could get mining contract, they offer utility tokens called Rock token, you can buy this token after get listed on exchange (probably HitBTC) on November 20th.