Rumble CEO’s White House UFC Appearance Drives 5% Stock Jump, 85.2% Northern Data Control
RUM•Rumble shares jumped over 5% after CEO Chris Pavlovski’s appearance at the White House UFC Freedom 250 event triggered government cloud contract speculation. The company secured control of 85.2% of Northern Data, adding about 22,400 Nvidia AI chips and landing a $150 million Tether GPU services commitment.
1. CEO Appearance Spurs Stock Rally
Rumble stock climbed over 5% in overnight trading after CEO Chris Pavlovski attended the UFC Freedom 250 event on the White House South Lawn, sparking speculation about potential government cloud contracts.
2. Northern Data Acquisition Progress
Rumble secured control of 85.2% of Northern Data shares through its exchange offer, moving closer to completing the acquisition of the Germany-based AI infrastructure provider.
3. AI Infrastructure Expansion and Partnerships
The pending deal will add approximately 22,400 Nvidia H100 and H200 GPUs, significantly boosting Rumble’s AI computing services, while Tether has committed up to $150 million in GPU purchases and $100 million in advertising spend.
