Anthropic got named on a $13.7B Georgia GPU deal the seller still has not financed

The Information reported Sunday evening that Anthropic is the previously unnamed customer in Rum Group’s roughly $13.7 billion, six-year GPU-services deal at a Georgia site still under development, Umair Aslam at TECHi writes. Neither Anthropic nor Rum Group had publicly confirmed the naming by Sunday evening.

GPU services means renting the chips that train and run AI models. Rum Group owns Rumble and Northern Data.

The deal was first disclosed without a customer name in a Rum Group Form 8-K filed Aug. 24, 2026, after a signing on Aug. 23. An 8-K is the SEC form companies file for big contracts.

Per the 8-K terms as summarized by TECHi and earlier Reuters coverage, the order covers GPU access at Maysville, Georgia, currently under development. Total order value is about $13.7 billion in three equal tranches of about $4.57 billion each.

The third tranche needs customer approval of the proposed delivery date. The term runs six years.

A warrant, a right to buy stock cheap later, sits next to the racks. Rum Group granted a right to buy up to 50,808,408 Class A shares at $0.01, about 18% of Class A outstanding in early August.

At Friday’s close of $7.17, the full warrant is about $364 million if fully vested. The first half vests in three steps with the three GPU tranches. The remaining half vests only on expansion deals.

The same 8-K says Rum Group does not currently have financing to build Maysville or buy the GPUs. Obligations are not conditioned on raising the money.

The company expects debt or equity that could result in significant dilution. TECHi notes quarterly non-cancellable commitments of about $253 million against the $13.7 billion delivery headline.

Reuters reported the unnamed-customer version Aug. 24 with the same six-year, three-part, Georgia-under-development frame.

Rum stock rose after that print, then slid: Aug. 24 closed up 3.4% at $9.36, Aug. 25 closed at $10.23, and Friday Sep. 11 closed at $7.17, down 29.9% from the Aug. 25 close. TECHi also notes a Sep. 4 Schedule 13D/A, an SEC ownership update, showing Tether and Giancarlo Devasini at 261.5 million Class A shares, the common voting stock, or 50.3%.

The calendar collision is the story. Anthropic’s CEO spent the weekend asking rivals to pace how fast the smartest models improve. The same lab, if TI is right, just got named on a six-year compute buy with a penny warrant attached, while the seller still says the Georgia building is not financed.

The speech asked for pace. The purchase order still needs a shovel and a loan.