RUM Group, the company that hosts former President Donald Trump’s Truth Social platform, disclosed on Monday that it has entered into a contract worth roughly $13.7 billion with an unnamed U.S. cloud customer. The agreement calls for the delivery of artificial‑intelligence graphics processing units (GPUs) and related services over a six‑year period.
Georgia site at the center of the deal
The customer will receive access to GPUs produced at RUM Group’s new facility in Maysville, Georgia, which is still under construction. The company says the site will become a regional hub for AI‑compute infrastructure, positioning Georgia to benefit from the growing demand for high‑performance computing.
Stock purchase option included
In addition to the service agreement, RUM Group filed a regulatory notice indicating that the customer will have the option to purchase up to 51 million shares of RUM Group stock at a price of one cent per share. The option will be exercised gradually over six years as the client meets the purchase milestones outlined in the contract.
Financing the contract
RUM Group acknowledged that it does not yet have sufficient cash on hand to fulfill the $13.7 billion commitment and plans to raise additional capital through debt or equity offerings. The company’s shares rose more than 8 percent in pre‑market trading following the announcement.
Background on RUM Group’s expansion
RUM Group rebranded from Rumble in June after completing its acquisition of Northern Data, a German AI‑cloud provider. The acquisition created a new AI‑infrastructure business line aimed at capitalizing on the surge in AI compute demand worldwide.
The contract’s structure includes three payment installments over the six‑year term, with the final installment contingent on a delivery date approved by the customer. RUM Group did not provide the identity of the cloud client and declined to comment further to Reuters.
Industry observers note that the size of the deal underscores the rapid scaling of AI services and the strategic importance of domestic chip supply chains. The Maysville facility, once operational, is expected to create jobs and attract ancillary businesses to the region.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
