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RUM soars 15% on $13.7 billion Anthropic compute deal
The group previously disclosed the contract without identifying the customer, saying it covered GPU access and services at its Maysville, Georgia, site.
RUM Group shares jumped about 15% on Monday on a report from The Information that Anthropic was the previously unnamed customer behind RUM’s six-year, approximately $13.7 billion GPU-services agreement.
RUM disclosed the contract in an August securities filing, identifying the counterparty only as an unaffiliated US-based cloud customer. The agreement covers GPU access and related services at RUM’s Maysville, Georgia, data center, which remains under development. The site has access to about 120 megawatts of power, with potential expansion to 180 megawatts.
RUM has said it does not currently have the financing needed to fund the GPUs and other infrastructure required to perform the contract, although its obligations are not contingent on obtaining that financing. The deal is structured in three tranches, and the third depends on the customer’s approval of the proposed delivery date.
Formerly known as Rumble, RUM expanded into AI cloud infrastructure after acquiring Northern Data and now operates that business under Quake AI. It also owns Rumble, whose cloud business hosts Trump Media & Technology Group’s Truth Social platform.