RUM Group signs six-year $13.7bn GPU services contract

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 (GPU) 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.

The third tranche is 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, according to a US securities and exchange commission (SEC) regulatory filing.

These warrants will vest gradually and are linked directly to the size of the customer’s purchases under the agreement and any potential future expansions.

Half of the share warrants will vest in tandem with the purchase of the three GPU service tranches.

The remaining warrants may become available gradually in five 10% increments as additional GPU service purchase agreements are signed before the end of the six-year term. Full vesting of these remaining warrants is achieved once the customer’s total cumulative purchases under the agreement exceed 2.5 times the initial contract value.

Any unvested portion of the warrants will expire if the related commercial agreements lapse or are breached.

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.

In November 2025, Rumble entered into an all-stock agreement to purchase Northern Data, valuing the transaction at approximately $767m.

The company plans to raise capital through debt or equity, warning also that its obligations to the customer are not dependent on securing such financing. This creates, according to the company, a significant execution risk if additional funds are not acquired on acceptable terms.

RUM Group also cited potential risks including delays in construction or permitting, higher costs, material shortages, labour constraints, power supply concerns, and regulatory uncertainties.

The company, in the SEC filing, said: “If we are unable to obtain sufficient financing on acceptable terms, we may be unable to complete the facility, acquire the necessary GPUs and related equipment, meet applicable delivery milestones or otherwise timely perform our obligations under the Commercial Agreement.

“Any such failure by us to perform could subject us to contractual remedies and credits, late delivery discounts, and other adjustments specified under the Commercial Agreement and expose us to potential significant claims for damages and other liabilities that we may not be able to satisfy on a timely basis, if at all, and materially and adversely affect our business, financial condition, results of operations and liquidity.”