Rumble's Big Move: Buying an AI Company for a Billion Dollars

Rumble, the video platform that's like YouTube but with a focus on free speech, is making a huge move. They want to buy a German AI company called Northern Data for $1. 17 billion. This isn't just any company; it's backed by Tether, the big name in stablecoins. Northern Data has two main parts: Taiga, which is all about cloud services, and Ardent, which deals with large data centers. Rumble wants both. But that's not all. Northern Data is also selling off its Bitcoin mining business, Peak Mining, to another company called Elektron Energy for $235 million.Tether is on board with Rumble's plans. They even said they'd be a big customer, buying GPUs from Rumble for years. This isn't the first time Tether has shown interest in Rumble. Last year, they invested $775 million, starting with a $250 million cash injection. Rumble isn't just about videos anymore. They've been adding Bitcoin to their balance sheet too. Right now, they hold 210. 8 BTC, which is worth over $25 million. But even with all this activity, Rumble's stock is down about 34% since the start of the year, though it did go up about 3% on the day they announced this deal. This move shows Rumble is serious about expanding its tech capabilities. But will it pay off? Only time will tell. One thing's for sure: the world of tech and crypto is always changing, and Rumble is trying to keep up.