Trump-linked RUM Group signs $13.7 billion AI deal with US-based cloud client

RUM

24/08/2026 13:41

Aug 24 (Reuters) - RUM Group RUM.O, which hosts U.S. President Donald Trump's Truth Social platform, said on Monday it has signed a contract with an unnamed U.S.-based cloud customer worth about $13.7 billion to supply AI chips.
Shares of RUM Group rose more than 8% in premarket trading.

Here are some details:
Rumble started operating as RUM Group in June after closing its acquisition of German AI cloud company Northern Data, creating a new AI-infrastructure business as it seeks to capitalize on booming AI compute demand.
Under the deal, the customer will get access to GPUs and related services from RUM Group's Maysville, Georgia site, which is currently under development. 
RUM Group said it is giving the unnamed customer the option to buy around 51 million shares of its stock for just one cent each, according to a regulatory filing.
The option will become available to the customer gradually over six years, as the client fulfills the purchase agreements.
The customer will buy $13.7 billion in GPU services over six years in three parts, with the last instalment contingent on a delivery date approved by the client.
RUM Group did not immediately respond to a Reuters request for comment about the customer. 
The company said it currently lacks the necessary funds and plans to raise capital through debt or equity to fulfill this contract.

 (Reporting by Pooja Desai)
 ((Pooja.Desai@thomsonreuters.com;))