RUM Group signs a $13.7bn GPU services deal with an undisclosed customer

RUM Group — the Nasdaq-listed company formerly known as Rumble, which acquired the GPU cloud business Northern Data in June 2026 — disclosed in a securities filing that an affiliate had signed a commercial agreement, dated 23 August, to supply roughly $13.7 billion of GPU services to an “unaffiliated U.S.-based third-party cloud customer” over six years. The filing did not name the customer.

The deal runs in three roughly equal tranches tied to a data-centre site in Maysville, Georgia that was still under construction, with a later tranche requiring the customer’s own approval of a delivery date. Alongside the services agreement, RUM Group granted a ten-year warrant for up to 50.8 million shares of its Class A stock at an exercise price of $0.01, vesting as the customer takes up successive tranches and any expansion options, with cash-only exercise. The filing said nothing about how either side would finance the arrangement.

The customer’s identity remained undisclosed through a follow-up filing in mid-September. Reports that month, led by The Information and picked up across trade press, identified the customer as Anthropic, sending RUM Group’s shares sharply higher; neither RUM Group nor Anthropic confirmed the relationship.

The agreement adds to a pattern through 2026 of AI developers locking in years of GPU capacity through leases and services contracts that sit alongside, rather than inside, their direct capital spending — the structure a Wall Street Journal analysis the previous week had found running into the trillions across the sector once summed across large buyers.