RUM Group, formerly Rumble Inc., has signed a six-year GPU services agreement with a U.S. cloud customer worth about $13.7 billion, according to Techub News, citing CryptoBriefing. The deal includes a warrant provision that gives the customer the right to buy more than 50.8 million Class A shares at $0.01 per share. Exercise terms are tied to actual service purchases and any potential expansion agreements.
The contract will be carried out in three tranches of roughly $4.6 billion each, with final delivery dates subject to customer approval. The GPU services covered by the agreement will support the company’s Quake AI division.
Techub also said RUM Group acquired about 85.2% of Northern Data AG and 22,000 NVIDIA GPUs in June this year. Based on the figures cited, the new contract is about 50 times larger than the company’s earlier $270 million agreement with Together AI.
RUM Group, formerly Rumble Inc., has signed a six-year GPU services agreement with a U.S. cloud customer worth about $13.7 billion, according to Techub News, which cited CryptoBriefing.
The agreement includes a warrant provision giving the customer the right to purchase more than 50.8 million Class A shares at $0.01 per share. The exercise terms are linked to actual service procurement and any potential expansion agreements.
The contract will be executed in three tranches, each worth about $4.6 billion. Final delivery dates will require the customer’s approval. The GPU services covered by the deal will be used to support the company’s Quake AI division.
RUM Group acquired about 85.2% of Northern Data AG and 22,000 NVIDIA GPUs in June this year. Techub said the scale of the new contract is about 50 times larger than the company’s previous $270 million agreement with Together AI.
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