TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

Rumble Advances Bid To Acquire Northern Data To Boost Cloud Computing Capabilities

Benzinga Logo Benzinga By Namrata Sen
Rumble Advances Bid To Acquire Northern Data To Boost Cloud Computing Capabilities

Rumble Inc. is acquiring Northern Data AG in an all-stock deal, adding 22,400 Nvidia GPUs and four data centers to enhance its cloud computing capabilities. The company also secured a $100 million advertising commitment from Tether.

Insights
BN   positive

Potential for significant earnings growth through insurance business expansion and carried interest income, expected 30% distributable earnings per share growth


RUM   positive

Expanding technological infrastructure through strategic acquisition and investment, demonstrating growth ambitions in cloud computing and AI