RUM Group (formerly Rumble) reported third-quarter revenue of $96.6 million, up 290% year over year. Of that, $68.2 million came from the newly integrated AI cloud business Quake AI, accounting for over 70% of revenue and running around 22,000 NVIDIA GPUs. Adjusted EBITDA was $4.4 million, turning positive for the first time in the company’s history, while net losses still came to $79.9 million.
In the same disclosure, it said it sold 198.46 units of $BTC during the third quarter, leaving just 94.68 as of September 30, worth about $7.9 million. That amount is negligible compared with $134.4 million in cash and does little to offset the $79.9 million loss.
Rumble’s valuation story has changed: its core business has shifted from a video platform to computing-power rentals. Its fourth-quarter revenue guidance of $88 million to $94 million is well below the third quarter, implying a sequential decline. That’s the key number to watch next.
#Rumble #比特币 #AI computing power
In the same disclosure, it said it sold 198.46 units of $BTC during the third quarter, leaving just 94.68 as of September 30, worth about $7.9 million. That amount is negligible compared with $134.4 million in cash and does little to offset the $79.9 million loss.
Rumble’s valuation story has changed: its core business has shifted from a video platform to computing-power rentals. Its fourth-quarter revenue guidance of $88 million to $94 million is well below the third quarter, implying a sequential decline. That’s the key number to watch next.
#Rumble #比特币 #AI computing power