Rumble (RUM) Rallies on Tether’s AI and Ad Commitments, Pending Northern Data Acquisition
Rumble shares surged following agreements for Tether's investment and the planned acquisition of Northern Data AG.Summary
Rumble announced three significant deals: an all-share acquisition of AI and high-performance-computing firm Northern Data AG, a $150 million commitment from Tether for GPU services, and an additional $100 million in advertising spend from Tether. The Northern Data acquisition will add approximately 22,400 Nvidia GPUs and expand Rumble's cloud capacity to nearly 180 MW, strengthening its European presence. Investors in Northern Data will receive 2.0281 new Rumble shares, resulting in about 30% ownership of the combined entity, with major shareholders committed to the offer. Tether's GPU service purchase secures high-performance compute power for its decentralized AI infrastructure, reducing reliance on major cloud providers. Furthermore, Tether's $100 million ad campaign over two years will promote the Rumble Wallet, integrating it with USDT, XAUT, and BTC products to accelerate ecosystem growth. Consequently, Rumble shares jumped 21% in pre-market trading, and Northern Data surged 47%.
(Source：CoinDesk)