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

获取加密通讯
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约