Rumble Moves Forward with Acquisition of Northern Data to Enhance Cloud Computing Abilities

Acquisition Details: Rumble Inc. has completed an acquisition of Northern Data AG, exchanging shares that will result in Northern Data shareholders owning approximately 30.4% of the combined entity, while adding significant GPU resources and data centers to Rumble's assets.

Advertising Commitment: Rumble has also entered into a $100 million advertising agreement with Tether, which will be executed over two years, starting in 2026, as part of their ongoing partnership.

Financial Performance: Rumble reported a net loss of $30.2 million in its second quarter, with revenue growth of 12% year-over-year, but still falling short of expectations, indicating challenges in its financial performance.

Stock Performance: Rumble's stock has seen a significant decline of 52.50% year-to-date, reflecting a weak price trend and poor momentum rankings according to Benzinga Edge Stock Rankings.