Rum Group Announces 2026 Q3 Financial Report, with Revenue of 96.6 Million US Dollars
2026-11-12 07:52:43
According to CoinMeta, Wu said that Rum Group ( rum ) announced its financial results for the third quarter of 2026, with revenue of 96.6 million US dollars, a year-on-year increase of 290% and a quarter-on-quarter increase of 139%. After adjustments, EBITDA turned positive for the first time, reaching 4.41 million US dollars, while the net loss expanded year-on-year to 89.85 million US dollars. In the first full quarter after acquiring Northern Data, AI's infrastructure business Quake AI contributed 68.2 million US dollars to total revenue, accounting for over 70%, with an utilization rate of approximately 85% for about 22,000 NVIDIA GPU. The company has increased its stake in Northern Data to around 98% and expects to achieve full control by the beginning of 2027. Some of the computing power capacity that was originally planned to be commercialized in 2027 may be postponed. As of September 30, the company's total liquidity amounted to 142.3 million US dollars, including 134.4 million US dollars in cash and cash equivalents and 94.68 BTC (valuing about 7.9 million US dollars). The company expects revenue in the fourth quarter to be between 88 million and 94 million US dollars.
Source:X
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