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Rumble Announces Major Acquisition and Partnership
Rumble (NASDAQ: RUM) shares rose over 10% on Monday following the announcement of its acquisition of AI infrastructure provider Northern Data. The deal offers Northern Data stockholders 2.0281 newly issued Rumble shares for each share exchanged and includes potential cash payments of up to $200 million contingent upon the sale of a specific data center and commercialization milestones.
Additionally, Tether has committed to purchasing up to $150 million in GPU services upon the expected closing of the deal, projected for the second quarter of 2026, along with an agreement to spend $100 million on Rumble’s ad platform over two years starting in early 2026. This partnership could significantly bolster Rumble’s AI infrastructure capabilities.
The acquisition also grants Rumble access to over 22,000 Nvidia-made graphics processing units (GPUs) across its data centers in Europe and the U.S.
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