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Rumble (RUM) Rallies on Tether’s AI and Ad Commitments, Pending Northern Data Purchase
Rumble (RUM) shares jumped 21% in pre-market trading after saying it agreed to buy AI and high-performance-computing firm Northern Data AG (NB2), and stablecoin issuer Tether committed to buying up to $150 million of GPU services from the combined company. Longboat Key, Florida-based Rumble said it expected the all-share acquisition to be complete in the second quarter of next year. Investors in…
Tether shifts Northern Data stake to Rumble in AI cloud mega deal
Live streaming platform and Bitcoin-hodler Rumble is moving to expand its footprint in artificial intelligence and high-performance computing. On Aug. 10, the video-sharing and cloud services firm disclosed plans to acquire Northern Data, an AI and HPC infrastructure provider. According to the statement, the acquisition would involve a stock exchange offer, where Rumble would issue newly issued…
SBI Crypto to be hosted at Northern Data’s new bitcoin mining facility in Texas
SBI Crypto to be hosted at Northern Data’s new bitcoin mining facility in Texas
Northern Data AG and Whinstone US Inc., have announced a strategic cooperation with SBI Crypto Co., Ltd., a wholly-owned subsidiary of SBI Holdings Inc. in the areas of applied blockchain technology. SBI Crypto will be one of the first enterprises hosted at the new Whinstone US data center in Texas being delivered from March 2020.
In addition, both parties have further identified other areas of…
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