Invezz
2025-11-10 17:52:33

Tether, the USDT issuer, to spend $100M advertising Rumble: RUM stock soars

Tether, the issuer of the widely used USDT stablecoin, has announced it will spend $100 million over two years on advertising for Rumble, signalling a deepening partnership that has caused the RUM stock to soar. This development comes amid Rumble’s broader strategy to expand its cloud and AI infrastructure, including a significant acquisition of Germany’s Northern Data AG. Rumble secures strategic advertising support The $100 million advertising commitment from Tether is structured as $50 million per year beginning in the first quarter of 2026. The campaign is designed to promote Rumble Wallet, the platform’s integrated payment system that connects video engagement and creator commerce with USDT, XAUT, and BTC. Tether’s investment is intended to accelerate the adoption of Rumble Wallet while expanding monetisation opportunities for content creators who prioritise freedom of speech and independence on the platform. Rumble CEO Chris Pavlovski emphasised that the partnership demonstrates the company’s leadership in the evolving digital advertising and creator economy landscape. By integrating Tether’s stablecoins with Rumble’s video and cloud services, the platform aims to offer a transparent, privacy-focused, and independent ecosystem for users and creators alike. Northern Data acquisition to boost Rumble’s cloud capabilities Rumble’s alliance with Tether is further strengthened by its $767 million acquisition agreement of Northern Data AG, a German data centre operator. The acquisition, structured as an all-share exchange, gives Northern Data shareholders roughly 30% of the combined company. This acquisition adds 22,400 Nvidia GPUs, including 20,400 H100s and 2,000 H200s, and data centres with up to 180 MW of capacity, significantly enhancing Rumble’s cloud computing and AI infrastructure. Northern Data has faced financial and legal challenges, including a European criminal investigation related to potential misuse of tax incentives for AI computing. The company also recently sold its mining division, Peak Mining, for up to $200 million to a Tether-connected buyer. RUM stock soars The announcement of Tether’s advertising commitment and the Northern Data acquisition sent RUM stock soaring. Following the announcements, Rumble’s stock ( NASDAQ: RUM ) jumped 10% in pre-market trading, opening at $6.56 and reaching a high of $6.84 before settling at around $6.32, which is around 7.22% higher compared to yesterday’s close. Northern Data’s stock ( ETR: NB2 ) also surged 46% in the pre-market trading, opening at €12.50 and hitting an intraday high of €17.68, before settling at €15.48 at press time, which is 31.52% higher than yesterday’s closing price. Notably, Tether’s contributions to Rumble this year, including $150 million in GPU services and now the $100 million in advertising, underscore the scale of support and financial backing behind the platform. These investments are expected to drive user engagement, enhance creator monetisation, and enable Rumble to build a robust, decentralised ecosystem that integrates AI, cloud computing, and financial tools. The post Tether, the USDT issuer, to spend $100M advertising Rumble: RUM stock soars appeared first on Invezz

Crypto 뉴스 레터 받기
면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.