RUM Group surges after report of $13.7 billion deal with Anthropic

RUM

14/09/2026 09:48

** Shares of RUM Group RUM.O surge 23.5% to $8.85 premarket following a report of a deal with AI lab Anthropic
** The Information reported on Sunday that Anthropic had signed a computing dealwith RUM Group, that hosts U.S. President Donald Trump's Truth Social platform
** RUM said on August 24 that it had signed a deal worth $13.7 billion with a U.S.-based cloud customer, without unveiling the name
** Under the deal, the customer will get access to GPUs and related services from RUM Group's Georgia site
** The customer would also have the option to buy around 51 million shares of its stock for just one cent each, over the course of six years 
** Previously known as Rumble, the company started operating as RUM Group in June after acquiring German AI cloud firm Northern Data
** RUM shares up 13.5% YTD, as of last close 

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com;))