RUM Group Inc. (RUM) shares jumped 10% on Monday after the company disclosed a six-year GPU services agreement worth approximately $13.7 billion with an unaffiliated U.S.-based cloud customer.
The agreement, dated August 23, 2026, covers GPU services that will be delivered from RUM Group’s Maysville, Georgia facility, which is currently under development.
The total order value will be divided evenly across three purchase tranches, although the third tranche remains conditional on the customer approving RUM Group’s proposed delivery schedule.
Six-Year Contract Targets Maysville GPU Capacity
The $13.7 billion agreement represents a substantial long-term commercial commitment for RUM Group’s developing GPU infrastructure business.
Under the arrangement, the customer will purchase computing services across the three initial tranches during the six-year contract period.
The scale of the agreement contributed to the 10% rise in RUM shares as investors assessed the potential revenue opportunity associated with the Maysville development.
Customer Receives Warrant for More Than 50 Million Shares
Alongside the commercial contract, RUM Group entered into a binding term sheet under which the customer will receive a warrant allowing it to purchase up to 50,808,408 Class A common shares.
The warrant carries an exercise price of $0.01 per share, with vesting directly linked to the customer’s purchases of GPU services.
The first 50% of the warrant shares will vest across three equal portions of 16.67%, corresponding with each of the three purchase tranches under the original services agreement.
Additional Deals Could Unlock Remaining Warrant Shares
The remaining 50% of the warrant shares could vest through five additional expansion tranches, each representing 10% of the total warrant.
Those tranches would become available if RUM Group and the customer enter into further commercial agreements before the original six-year contract expires.
For all five expansion tranches to vest, the customer’s total purchases of GPU services would need to exceed two-and-a-half times the value represented by the three original purchase tranches.
The structure therefore links a substantial portion of the potential equity issuance to additional commercial activity beyond the initial $13.7 billion commitment.
Warrant Carries 10-Year Exercise Period
The warrant will remain exercisable for 10 years from its issuance date and can only be exercised through a cash payment. The agreement does not permit net settlement or cashless exercise.
Transfers are also subject to restrictions. Without RUM Group’s approval, the customer may only transfer the warrant to affiliates under its control.
Transfers of the underlying warrant shares are restricted where the recipient is a known competitor, an activist investor or a non-passive investor that would own at least 10% of RUM Group’s outstanding Class A common stock.
GPU Deal Drives RUM Group Rally
The 10% increase in RUM shares reflects investor enthusiasm surrounding the size and duration of the GPU services agreement, which could provide substantial contracted demand for the company’s Maysville infrastructure.
At the same time, the warrant arrangement creates potential dilution for existing shareholders, although much of the vesting is tied directly to customer purchases and additional commercial expansion.
With a headline order value of approximately $13.7 billion over six years and the possibility of further agreements, the transaction significantly increases the scale of RUM Group’s GPU services ambitions and places the development of its Georgia facility firmly in focus.