Rumble Signs $270M Cloud Services Deal, Stock Surges 25% on Thursday Before Paring Gains

According to an SEC filing, Rumble Inc. (RUM) signed a $270 million multi-year cloud services agreement with an unnamed third-party customer on Thursday, marking the company's largest customer commitment to date. Shares surged nearly 25% after markets opened but reversed course, becoming the top-trending ticker on Stocktwits by midday.

Rumble will provide the customer with GPU cloud capacity powered by Nvidia's Blackwell B300 systems. The agreement aligns with Rumble's acquisition of Germany-based Northern Data, expected to close this month, which will add over 22,000 Nvidia GPUs to bolster the company's independent AI and cloud infrastructure.