RUM Group stock is trading higher Tuesday, extending momentum from Monday's session after the company announced it entered into a term sheet with a third-party cloud customer.

RUM Group, formerly Rumble, signs a $13.7 billion GPU services deal over six years with a US cloud customer, granting warrants for 50.8 million

RUM Group signed a $13.7 billion deal with a U.S. cloud customer for Georgia GPU services, including stock warrant purchasing rights.