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Rumble Soars 30% on Bold Move to Snatch Tether-Backed Northern Data in Power Play

Rumble Soars 30% on Bold Move to Snatch Tether-Backed Northern Data in Power Play

Author:
CoindeskEN
Published:
2025-08-11 17:46:21
14
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Rumble Gains on Plans to Acquire Tether-Affiliated Northern Data

Rumble's stock just got a crypto-sized adrenaline shot—announcing plans to acquire Northern Data, the Tether-affiliated data center operator. Here's why Wall Street's buzzing (and sweating).

The Deal That's Shaking Both Crypto and TradFi

Rumble's making a play for infrastructure dominance, targeting Northern Data's sprawling GPU farms—the same ones quietly bankrolled by stablecoin giant Tether. Because nothing says 'bullish' like merging meme-stock energy with crypto's shadow banking system.

Why This Isn't Just Another M&A Snoozefest

Northern Data isn't just racking servers—it's become crypto's dirty little AI play, with Tether quietly accumulating $420M in Nvidia chips last quarter. Now Rumble wants in on the action, proving even video-sharing platforms catch AI FOMO eventually.

The Cynical Take: When a company famous for viral videos buys a Tether-adjacent firm, it's either genius arbitrage or the ultimate 'greater fool' trade. Place your bets—the casino's open.

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