Rumble Inc.

Anthropic signed a six-year, $13.7B compute agreement with Trump-linked RUM Group, the company best known for its Rumble video-sharing platform. Under the deal, Anthropic will lease AI compute capacity from RUM's Maysville, Georgia data center, which is under construction with 120 MW of secured grid power and potential expansion to 180 MW, and Anthropic gains warrants to buy roughly 51 million shares of RUM. The contract value is more than 300 times RUM's latest quarterly revenue of $40.4M. RUM shares soared more than 15% on Monday, and the session was set to be RUM's highest volume day in history. The agreement followed a viral social media post by former OpenAI and Anthropic researcher Jacob Coxon warning about AI safety, which drew 170 million impressions in five days and helped lift cybersecurity stocks including Palo Alto Networks, Fortinet, Okta and CrowdStrike.

RUM Group has entered into a six-year, $13.7 billion GPU services term sheet with Anthropic to supply computing power from its Maysville, Georgia facility. The agreement anchors RUM Group's revenue pipeline as the video sharing platform shifts its strategic focus toward Quake AI data center infrastructure. Alongside the multi-billion-dollar computing services agreement, the term sheet includes warrants for up to 50.8 million shares. The deal coincides with RUM Group's ongoing efforts to increase its ownership stake in Northern Data toward 100% control, further expanding its footprint in high-performance AI computing capacity. Shares of RUM Group jumped 15.5% in the afternoon session on the news.

Rumble shares rose 10% to $7.87 in early Monday trading after a media report identified Anthropic as the customer behind the $13.7 billion six-year compute contract Rumble disclosed in an August securities filing. The reported arrangement would let Anthropic acquire up to 51 million Rumble shares at $0.01 each, though neither company has confirmed the pairing and the capacity is expected to come from a Maysville, Georgia data center that is still under construction. The same report pressured rented-compute peers, with CoreWeave down 9% to $81.25 and Nebius Group down 9% to $205.28, as Anthropic CEO Dario Amodei's weekend essay urging frontier AI firms to slow model development weighed on the group. The First Trust Cloud Computing ETF slipped just 0.58% while the Invesco QQQ Trust fell 1.63%, concentrating the selling in AI-compute names. Rumble entered AI infrastructure this year by acquiring German cloud provider Northern Data in an all-stock deal and now runs its media platform alongside a unit called Quake AI, which also provides cloud hosting for Trump Media & Technology Group's Truth Social.

U.S. stock index futures fell sharply on Monday, with technology shares under pressure after several leading artificial intelligence executives called for a slower pace of AI development. By 05:52 ET, Dow futures had fallen 150 points, or 0.3%, S&P 500 futures had dropped 63 points, or 0.8%, and Nasdaq 100 futures had slumped 531 points, or 1.8%. Rumble shares surged as much as 28% in premarket trading after reports that Anthropic had agreed to a $13.7 billion computing contract with the company, a deal Rumble had disclosed in an August securities filing without identifying the customer. Anthropic CEO Dario Amodei called on AI companies to slow the advancement of model capabilities in an essay posted on X on Saturday, warning that increasingly capable AI agents could create significant economic damage if misused, and OpenAI CEO Sam Altman and xAI chief Elon Musk said they agree with his concerns. Nvidia fell more than 2% in premarket trading, while Meta and Amazon each dropped more than 1%, and chipmakers Intel, AMD and Marvell Technology fell nearly 6%, 5% and 6%, respectively, even as software names ServiceNow, Adobe and Workday rose about 3%, 2.5% and 2.5%. Scholar Rock shares surged 9.1% to $60.45 after the FDA approved ISEMBYLD, also known as apitegromab-mstn, as the first and only muscle-targeted treatment for spinal muscular atrophy in patients aged two and older receiving an SMN2-targeted therapy, ahead of the September 30, 2026 PDUFA deadline. Elmet Group shares jumped 30.8% after announcing a $450 million committed investment from the U.S. Department of War to accelerate domestic tungsten manufacturing, while Olema Pharmaceuticals slid 15.1% to $8.68 after AstraZeneca said its Phase 3 SERENA-4 trial of camizestrant failed to show a statistically significant improvement in progression-free survival, and MARA Holdings fell 5.7% to $11.30 after JPMorgan double-downgraded the bitcoin miner to Underweight from Neutral and cut its price target to $11 from $13.

RUM Group Inc. has signed a $13.7 billion AI infrastructure contract with an unnamed US cloud customer, a deal roughly 339 times its latest quarterly revenue. The agreement, announced on August 23, covers six years of AI computing capacity in three equal tranches, each worth about $4.57 billion, with the third tranche contingent on customer approval of a delivery date. To secure the order, RUM agreed to issue warrants for up to 50.8 million shares at one cent each, though the definitive warrant agreement is still to be negotiated. The company faces significant execution risks: the facility is under development, requires substantial capital spending, and RUM had only $203.3 million in cash as of June 30 with no committed financing for the buildout. Bulls highlight RUM's second-quarter revenue growth of 61% to $40.4 million and 85% utilization of its Nvidia GPUs, while bears point to the concentration risk, potential dilution, and contractual remedies if RUM fails to deliver. Hedge funds held steady at 16 in the second quarter, and short interest stood at 26.37 million shares as of August 14.

Shares of RUM Group jumped 12.8% in afternoon trading as investors continued to digest the company's newly unveiled six-year, $13.7 billion GPU services agreement with a major U.S. cloud customer. The contract covers GPU services at RUM's under-development Maysville, Georgia site and includes warrants for up to 50.8 million Class A shares at $0.01 each that vest as the customer buys capacity. The deal follows RUM's recent acquisition of German AI cloud firm Northern Data, which added roughly 22,000 Nvidia H100 and H200 GPUs to the newly launched Quake AI platform. CEO Chris Pavlovski has stated that Quake AI will fiercely compete with specialized cloud providers, and this order serves as a major recurring-revenue catalyst to validate that pivot. RUM Group is up 62% since the beginning of the year, and at $10.33 per share, it has set a new 52-week high.

RUM Group stock jumped 11% to $10.44 Tuesday after CEO Chris Pavlovski publicly named CoreWeave and Nebius Group as targets for the company's AI infrastructure push. The company's Quake AI division, seeded by the recently closed Northern Data acquisition, holds a $13.7 billion GPU services contract with an unidentified U.S. cloud provider. SEC filings show RUM Group lacks financing to fulfill the contract and plans to raise capital through debt or equity, while a customer warrant for up to 50.81 million Class A shares adds dilution risk. Trump Media & Technology Group stock slipped 0.7% to $9.23, down 30% year to date.

RUM Group, which hosts the Truth Social platform associated with US President Donald Trump, has entered into a six-year agreement worth approximately $13.7bn with an unidentified US-based cloud provider. The contract will see RUM Group supply access to graphics processing unit services and related AI chip infrastructure from its Maysville, Georgia data centre, a facility that remains under development. The deal will require the customer to pay the amount for GPU services in three phases over the lifetime of the agreement, with the third tranche conditional on the customer's approval of the proposed delivery schedule. The contract also grants the customer a warrant to purchase up to 50.81 million shares of RUM Group's Class A common stock at $0.01 per share, with half of the share warrants vesting in tandem with the purchase of the three GPU service tranches and the remaining warrants potentially vesting in five 10% increments as additional GPU service purchase agreements are signed before the end of the six-year term. Rumble, which began operating under its new name RUM Group after acquiring German AI cloud specialist Northern Data in June, said in regulatory filings that it currently lacks the financing required to fulfil the contract and plans to raise capital through debt or equity, warning that its obligations to the customer are not dependent on securing such financing and creating a significant execution risk if additional funds are not acquired on acceptable terms.

RUM Group stock is up 7% to $9.04 in Friday midday trading, extending an AI-fueled rally, while Trump Media & Technology Group stock is climbing 6% to $9.03, a rare green day for a name that has bled through most of 2026. RUM Group closed its $767 million acquisition of Northern Data AG in June and rebranded from Rumble Inc., unveiling a cloud and AI compute unit called Quake AI, which brought roughly 22,000 NVIDIA H100 and H200 GPUs and more than 200 megawatts of unmonetized energy capacity onto the platform. RUM Group's second-quarter revenue grew 61% to $40.366 million from $25.08 million a year earlier, and management guided Q3 2026 revenue to a range of $87 million to $93 million, pointing to a 3 billion plus annual run rate opportunity if the full 250 megawatts of capacity is monetized on AI compute as a service. Trump Media took the opposite route with its balance sheet, abandoning its Bitcoin treasury strategy in August after roughly $190 million in paper losses, redirecting capital toward Truth Social, Truth+, and its new Truth API data feed under interim CEO Kevin McGurn, and reporting a second-quarter net loss of $238 million driven almost entirely by paper losses on crypto holdings against trailing 12-month revenue of $4.5 million. The Global X Data Center and Digital Infrastructure ETF is down 0.5% to $28.35, isolating this as a single-name repricing on RUM Group's pivot alone, with RUM Group stock up 33% year to date through Thursday's close after buying GPUs and power, while Trump Media stock was down 36% year to date through Thursday's close after buying Bitcoin, taking the loss, and shifting into fusion energy.

Trump Media & Technology Group shares fell 4% to $7.96 after the company abandoned its bitcoin treasury strategy following a reported $190 million paper loss. Interim CEO Kevin McGurn said the company has refined its capital allocation, redirecting resources toward Truth Social, Truth+, and the Truth API data feed, and it has agreed to acquire private nuclear fusion firm TAE Technologies in a deal it aims to close by year-end. Trump Media posted a second-quarter net loss of $238 million, driven almost entirely by paper losses on its crypto holdings, with trailing 12-month revenue of $4.5 million against a trailing net loss of $1.3 billion. Rumble gained 4% to $7.77 as investors rotated into the crypto-free alt-media peer, while Strategy, which holds 840,447 bitcoin at an average price of $75,482, reported a paper loss of nearly $10 billion in the past quarter and faces forced-selling risk.

RUM Group reported that GPU utilization improved to approximately 85% in the first quarter, up from 5% in mid-2025 and a 23-percentage-point gain from the fourth quarter of 2025. Its cloud and AI-infrastructure business, Quake AI, has secured $270 million of multi-year contracted revenue for next-generation NVIDIA HGX B300 systems at its Amsterdam European infrastructure hub. Quake AI’s current deployment, supported by up to roughly 250 megawatts of energized data center capacity targeted for availability in 2027, represents an annual run rate revenue opportunity of more than $3 billion. Tether, RUM Group’s largest investor with over $1 billion invested, provides a unique access point to capital and has enabled a 50% reduction in RUM’s existing Northern Data loan facility, materially improving the company’s balance sheet. The company expects to issue financial guidance for the first time since its September 2022 IPO during its second-quarter earnings report on August 13.

Tether Global Investments Fund has acquired an additional 4.6 million Class A common shares of Rumble for approximately $36.2 million through the exercise of pre-funded warrants. The shares were purchased indirectly via Tether Investments, S.A. de C.V., a wholly owned subsidiary, bringing Tether's total indirect holdings to about 141.9 million shares. This transaction represents 3.4% of the fund's indirect Rumble holdings at the time of purchase. Tether retains 154.4 million outstanding pre-funded warrants, allowing for further equity exposure. The company previously invested $775 million into Rumble at the end of 2024.

Rumble Inc is rebranding to RUM Group Inc as it combines its video, cloud, and artificial intelligence infrastructure businesses under a single legal brand. The move follows the completion of its all-stock acquisition of AI infrastructure and data center operator Northern Data AG, valued at roughly $767 million. Rumble Cloud will be renamed Quake AI and will incorporate Northern Data's AI, cloud, and computing offerings, while Rumble remains the core consumer-facing brand for the company's video and media platform. Quake AI combines Rumble Cloud's computing and storage infrastructure, Northern Data's network of about 22,000 NVIDIA GPUs across nine data centers and up to 250 megawatts of power capacity, along with a strategic partnership with Tether for blockchain-based transactions. The company also secured a $270 million multi-year agreement with an undisclosed cloud customer for dedicated GPU capacity powered by NVIDIA Corp Blackwell B300 systems.

Rumble, which hosts U.S. President Donald Trump's Truth Social platform, said it will begin operating as RUM Group effective June 18, overseeing a new AI-focused business unit alongside its existing video platform. The move follows the closing of its acquisition of German AI cloud company Northern Data in an all-stock deal valued at roughly $767 million. A newly formed unit called Quake AI will combine assets including about 22,000 Nvidia H100 and H200 graphics processing units across nine data centers. The company's video and media platform brand will continue to be Rumble. CEO Chris Pavlovski said the company now has over 200 MW of unmonetized energy capacity and substantial contracted revenue across Rumble.

Rumble has closed its acquisition of Northern Data AG, a leading provider of AI and high-performance computing infrastructure, and now owns approximately 85.2% of Northern Data's outstanding shares. The deal gives Rumble immediate access to over 200 megawatts of unmonetized energy capacity and one of Europe's largest independent GPU estates, with roughly 22,000 high-end NVIDIA GPUs. Northern Data has raised its full-year 2026 revenue outlook to a range of 170 to 190 million euros, an increase of approximately 30% from its prior expectation of 130 to 150 million euros, with GPU utilization reaching about 85% in March 2026. Rumble now controls roughly 250 megawatts of current energized and planned power across ten data centers, four of which are owned, with almost all of that capacity expected to come online by 2027. The acquisition instantly positions Rumble as a meaningful player in the AI compute-as-a-service, power, and data center markets while unlocking AI opportunities across its video platform.