Key facts
- Rumble signed a multi-year, $270 million agreement with a cloud customer.
- The deal is for dedicated GPU cloud capacity powered by Nvidia Blackwell B300 systems.
- This represents Rumble's largest customer commitment to date.
- The agreement includes potential for greater value and extended length.
- Rumble's shares soared 14% in premarket trading following the announcement.
Rumble, a company known for its free-speech video platform, has announced a significant expansion into AI infrastructure and cloud computing services. The company disclosed in an 8-K filing that it has entered into a multi-year agreement valued at $270 million with a third-party cloud customer. This deal secures dedicated GPU cloud capacity for the customer, powered by Nvidia's Blackwell B300 systems. Rumble highlighted that this commitment is its largest to date and includes provisions for potential increases in value and duration based on market success. The announcement led to a substantial surge in Rumble's stock price, with shares climbing 14% in premarket trading. This strategic move marks a shift for Rumble, moving beyond its role as a YouTube alternative towards providing AI infrastructure and GPU cloud services. The company went public in September 2022 via a SPAC merger and has experienced significant share price volatility since then, with a substantial portion of its float being heavily shorted.