RUM Group Q2 Net Loss Widens 39% While Bitcoin Holdings Surge

RUM Group reports $80.9M net loss in Q2 despite 61% revenue growth to $40.4M. Bitcoin treasury increases by 82,320 coins, reflecting strategic asset accumulation amid operational restructuring.

Woofun AI data shows RUM Group posted a net loss of $80.9 million for the second quarter, alongside an adjusted EBITDA loss of $16.6 million. Total revenue climbed 61% year-on-year to $40.4 million, driven by the Rumble video platform which generated $30.3 million, a 21% increase from the prior year. Following the June 17 acquisition of Northern Data AG, operations are now split into Rumble and Quake AI. The Quake AI segment utilizes approximately 22,000 NVIDIA H100/H200 GPUs with an 85% quarterly utilization rate.

As of June 30, the company's Bitcoin holdings totaled 293.14 coins, marking an increase of 82.32 coins from the end of the first quarter. This accumulation represents a 39% growth in their cryptocurrency treasury position during the reporting period.