Key Facts

  • RUM Group reported third-quarter revenue of $96.6 million, up 290% from a year earlier, with $68.2 million from its Quake AI cloud business.

  • The company said it posted its first profitable quarter on an adjusted EBITDA basis.

  • It held 94.68 BTC, valued at $7.9 million, as of Sept. 30, and its cash flow statement shows net sales of digital assets in the first nine months of 2026.

RUM Group reported third-quarter revenue of $96.6 million, up 290% from a year earlier, with $68.2 million from its Quake AI cloud business.

The company said it posted its first profitable quarter on an adjusted EBITDA basis.

It held 94.68 BTC, valued at $7.9 million, as of Sept. 30, and its cash flow statement shows net sales of digital assets in the first nine months of 2026.

Bitcoin Holdings

RUM Group reported liquidity of $142.3 million as of Sept. 30, made up of $134.4 million in cash and 94.68 BTC valued at $7.9 million.

AI Cloud Drives Growth

The company said the quarter was its first profitable one on an adjusted EBITDA basis. It runs about 22,000 NVIDIA GPUs at roughly 85% utilization, it said.

RUM Group lifted its stake in Northern Data to about 98% from 85.2%, and expects a squeeze-out to take it to 100% in early 2027. It said part of its 250 megawatts of capacity not yet earning revenue may not start generating revenue until after 2027.

It guided for fourth-quarter revenue of $88 million to $94 million.