RUM Group signs six-year $13.7bn GPU services contract

RUM Group Inc. (formerly Rumble Inc.) secured a $13.7 billion AI infrastructure deal with an undisclosed customer for a Georgia data center. The company lacks financing for the project but remains obligated under the agreement. The customer will receive cloud GPU services and the option to buy 51 million shares at $0.01 per share. Tether, RUM's largest shareholder, previously invested $775 million in the company.

RUM Group signed a $13.7B GPU services deal with a U.S. cloud customer, boosting its stock by ~10%. The agreement spans six years, with a warrant for up to 50.8M shares. RUM must develop a Georgia data center and secure financing, facing risks like delays and cost overruns.

RUM Group (RUM) rose 7% to $9.68 after announcing a $13.7B GPU supply deal, dwarfing its $25.46M Q1 revenue. The contract requires 22,400 NVDA GPUs from Northern Data, but RUM lacks funds and must raise capital. Trump Media (DJT) gained 2%, while the Global X Data Center ETF (DTCR) fell 1%.

RUM Group agreed to a $13.7B GPU services contract over six years, with a customer warrant for 12.7% of shares at $0.01 each. The deal requires significant new funding, and shares rose 5.5% on the news. RUM had $203.3M in cash and $66.1M in operating expenses for H1 2026. Analysts' views are limited, with risks including dilution, financing costs, and delivery delays.

RUM Group's shares rose 6% after announcing a $13.7B contract with a U.S. cloud customer for AI chips and GPU services. The deal includes warrants for 50.8M Class A shares. RUM plans to seek financing to fulfill the contract. Q2 revenue was $40.37M, up 60.9% YoY, but GAAP loss per share widened to $0.28.

Rumble Inc. (RUMBW) stock rose 5.5% after its Quake AI unit signed a $13.7B GPU services agreement with a U.S. cloud customer. The deal includes a warrant for 50.8M shares. Q2 2026 revenue was $40.4M, up 61% YoY, with Q3 guidance of $87M-$93M. The stock is near its 52-week high of $10.54.