24/7 Market News Snapshot 11 August, 2025 – Rumble Inc. Class A Common Stock (NASDAQ:RUM)
DENVER, Colo., 11 August, 2025 (www.247marketnews.com) – (NASDAQ:RUM) are discussed in this article.
Rumble Inc. (RUM) experienced significant market volatility today, opening at $8.98 and currently trading at $8.658, representing a notable decline of 9.87% from the previous session close of $7.880. With a current trading volume of 5.16 million shares, investor interest is heightened, potentially leading to increased volatility in the near term. Analysts suggest monitoring the stock closely as it approaches the $8.00 support level, where a breakdown could indicate further bearish trends in subsequent sessions.
In a strategic move to enhance its market position, Rumble has expressed interest in an all-stock exchange offer to acquire 100% of Northern Data’s outstanding shares. Northern Data is recognized as a leader in AI and high-performance computing services. This prospective acquisition, which is bolstered by backing from Tether, Northern Data’s principal shareholder, could position Rumble as a formidable player in the global AI cloud market.
The outlined terms of the acquisition propose that Northern Data shareholders would receive newly issued Class A shares of Rumble common stock, approximated at an exchange ratio of 2.319 shares for each Northern Data share exchanged. This endeavor not only represents a significant consolidation within the technology infrastructure sector but also underscores Rumble’s ongoing commitment to data privacy and operational independence.
Tether’s readiness to divest its 54% stake in Northern Data in exchange for Rumble shares, along with its commitment to purchase graphics processing units (GPUs) from Rumble for multiple years post-acquisition, lays a solid foundation for this strategic initiative. If successful, the integration of Northern Data’s Ardent and Taiga operations into Rumble’s framework is expected to harness extensive computational capabilities while democratizing access to AI and cloud technologies. Rumble is proactively engaging in discussions to finalize this transformative transaction, which promises exciting developments in the evolving technological landscape.