Rumble Launches AI Compute Service with 250MW GPU Fleet Acquisition
RUM•Shares jumped 6.5% after Rumble announced plans to launch an AI compute-as-a-service platform by mid-June. The move is backed by its pending acquisition of Northern Data AG's 250MW Nvidia GPU data center fleet via a best-and-final exchange offer expiring June 1 for 2.0281 shares per share.
1. AI Compute-as-a-Service Launch
Rumble will launch a new AI compute-as-a-service platform by mid-June, targeting competition with major cloud hyperscalers. CEO Chris Pavlovski emphasized focus on freedom and privacy as key differentiators in the AI compute market.
2. Northern Data AG Acquisition Terms
The company’s best-and-final exchange offer for Northern Data AG expires June 1 at 12:01 a.m. ET, with no minimum tender requirement. Northern Data shareholders receive 2.0281 newly issued Rumble Class A common shares per share tendered.
3. GPU Fleet and Data Center Capacity
The deal brings Northern Data’s Nvidia GPU fleet and 250 megawatts of high-performance computing capacity into Rumble Cloud. This integration aims to bolster the infrastructure needed for large-scale AI training and inference workloads.
4. Market Reaction and Outlook
Shares jumped 6.5% on the announcement, reflecting investor optimism about Rumble’s AI pivot and expanded data center capabilities. The acquisition’s regulatory approvals are in place, positioning the company to finalize the deal and start services as planned.
