Update
RUM Group Reduces Bitcoin Holdings as AI Cloud Business Achieves Profitability
This move coincides with the launch of its AI cloud business, Quake AI, which reported record revenue of $96.6 million, marking its first profitable quarter on an adjusted basis. The company's cash-flow statement shows a net sale of digital assets of about $15.3 million for the first nine months of 2026, compared to $19.1 million spent on digital assets in the same period a year earlier. RUM Group's bitcoin holdings fell to $11.1 million from $18.5 million at the end of 2025.