RUM Stock Soars After CEO Bets Big On AI Compute Pivot

• Rumble plans to launch an AI compute-as-a-service platform by mid-June.
• The company issued its "best and final" exchange offer for Northern Data AG, locking in a hard expiration date of June 1, 2026.
• The buyout integrates Northern Data's massive fleet of Nvidia GPUs and 250 megawatts of data center capacity directly into Rumble Cloud.

Rumble Inc. (RUM) share price jumped nearly 6.5% on Wednesday after the online video and cloud services company announced it plans to begin challenging major tech giants in the artificial intelligence sector next month, a move bolstered by its pending acquisition of a European high-performance computing firm.

Writing on X, the platform formerly known as Twitter, Rumble’s CEO Chris Pavlovski revealed that Rumble intends to enter the AI compute-as-a-service market by mid-June, positioning itself to compete directly against the world's largest cloud "hyperscalers."

“By the middle of June, we begin on the trek to compete with the world's largest hyperscalers, with a primary focus to dominate in AI compute as a service,” Pavlovski wrote. 

“All built with an ethos that will put freedom and privacy first.”

The expansion comes as the Longboat Key-based company enters the final stages of its buyout of Northern Data AG, a German provider of specialized AI and high-performance computing solutions.

 “Rumble is so much more than just a video platform,”Pavlovski posted on X.

Northern Data Deal Details

Rumble confirmed Wednesday that its current exchange offer to purchase all outstanding shares of Northern Data is its "best and final offer." The final deadline for Northern Data investors to tender their shares is set for June 1 at 6:01 a.m. Frankfurt time (12:01 a.m. Eastern time). Rumble officials emphasized that this window will not be extended.

Under the unchanged terms of the transaction, Northern Data shareholders will receive 2.0281 newly issued shares of Rumble Class A common stock for every single share of Northern Data they hand over.

The acquisition has already secured all required regulatory clearances. Because Rumble did not tie the transaction to a minimum tender threshold, the acquisition remains on track to finalize in mid-June, regardless of how many minority shareholders participate in the final days. Northern Data’s management and supervisory boards have both unanimously advised their investors to take the deal. Following the closing, Northern Data shares will be delisted from European public exchanges.

By absorbing Northern Data, Rumble will instantly gain possession of thousands of Nvidia graphics processing units (GPUs). Northern Data’s infrastructure includes Europe’s Taiga Cloud business, which owns one of the continent's largest GPU clusters, alongside Ardent Data Centers, a division with roughly 250 megawatts of power currently operational or scheduled to launch across 10 facilities by 2027.

Rumble plans to integrate these hardware assets directly into its proprietary cloud division, transforming Rumble Cloud into a full-stack AI infrastructure capable of hosting next-generation computing services.

RUM Retail View 

Retail sentiment on Stocktwits was “bullish” with “normal” message volumes. 

One user expressed bullishness by expecting the stock price to hit $20 “before you know it”.

RUM stock has jumped 44.3% year-to-date.

For updates and corrections, email newsroom[at]stocktwits[dot]com.