RUM Rumble Inc.

Rumble Inc. (NASDAQ: RUM) is experiencing high volatility as it transitions from an "alternative video platform" to an AI and cloud infrastructure provider, driven by its planned acquisition of Northern Data and strategic commitments with Tether. This shift involves substantial investment in AI compute assets and data centers, aimed at diversifying revenue and improving monetization. While Q3 2025 results showed improved losses, the company faces growth pressures and dilution risks associated with its strategic pivot.

Tether Investments recently purchased $5.7 million worth of Rumble Inc. (NASDAQ:RUM) Class A Common Stock, increasing its beneficial ownership to over 104 million shares. These transactions occurred between November 19 and November 21, 2025. This comes as Rumble Inc. reported a narrowed net loss in its third quarter and proceeds with the acquisition of Northern Data AG at a reduced price.

Northern Data AG and Rumble Inc. have entered into a business combination agreement. Rumble intends to make a tender offer for 100% of Northern Data shares, offering 2.0281 shares of newly issued Rumble Class A common stock for each Northern Data share, plus a potential cash payment of up to USD 200 million contingent on the sale and commercialization of Northern Data’s Corpus Christi location. The agreement also includes significant commercial commitments, such as a customer agreement with Tether for GPU leasing and a commitment to fund potential tax liabilities.

Video platform Rumble is set to acquire German AI cloud company Northern Data in an all-stock deal valued at approximately $767 million, causing Rumble's shares to surge. The acquisition includes a GPU-leasing agreement with Tether and Rumble will gain 22,400 Nvidia graphics processing units. Northern Data shareholders will own 30.4% of Rumble post-deal, which is expected to close in Q2 2026.

Rumble Inc. has finalized an acquisition deal with Germany’s Northern Data AG, significantly enhancing its cloud computing capabilities. The deal will add approximately 22,400 Nvidia GPUs and four data centers to Rumble's assets. This acquisition is part of Rumble's strategy to build a "Freedom-First" tech ecosystem and follows a $100 million advertising commitment with Tether.

Northern Data has finalized a merger agreement for U.S.-listed video platform Rumble Inc. to acquire all its outstanding shares. Northern Data shareholders will receive 2.0281 Rumble Class A shares for each of their shares, a reduction from the previously indicated 2.319 exchange ratio. The deal, expected to close in Q2 2026, also includes a potential $200 million cash component, a new customer agreement with Tether worth up to $150 million, and Rumble funding up to $200 million in potential tax liabilities.