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

RUM Group, which hosts US 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.

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.