The post Rumble (RUM) Rallies on Tether’s AI and Ad Commitments, Pending Northern Data Purchase appeared on BitcoinEthereumNews.com. Rumble (RUM) shares jumped 21% in pre-market trading after saying it agreed to buy AI and high-performance-computing firm Northern Data AG (NB2), and stablecoin issuer Tether committed to buying up to $150 million of GPU services from the combined company. Longboat Key, Florida-based Rumble said it expected the all-share acquisition to be complete in the second quarter of next year. Investors in Frankfurt-based Northern Data will receive 2.0281 new Rumble shares for each NB2 share they own, and will end up with about 30% of the combined company. Tether and other major Northern Data shareholders representing more than 70% of the stock committed to accepting the offer. The deal will give Rumble another 22,400 Nvidia GPUs and expand its cloud capacity to nearly 180 MW while strengthening its presence in Europe. Northern data shares soared 47% during Monday’s session, taking its market cap to about $1.3 billion. Tether’s agreement to buy services from Rumble after the deal is complete gives the world’s largest stablecoin issuer access to high-performance compute power for its decentralized AI infrastructure, reducing reliance on major cloud providers and supporting its broader push to build independent AI systems. It builds on Tether’s earlier $775 million strategic investment in Rumble. Tether also said it would spend $100 million on a two-year advertising campaign to drive adoption of Rumble Wallet. The campaign will integrate Rumble Wallet with Tether’s USDT, XAUT and BTC products, expand monetization options for creators who prioritize free speech and accelerate Rumble’s advertising and ecosystem growth. Source: https://www.coindesk.com/markets/2025/11/10/rumble-shares-soar-on-tether-partnerships-planned-northern-data-acquisitionThe post Rumble (RUM) Rallies on Tether’s AI and Ad Commitments, Pending Northern Data Purchase appeared on BitcoinEthereumNews.com. Rumble (RUM) shares jumped 21% in pre-market trading after saying it agreed to buy AI and high-performance-computing firm Northern Data AG (NB2), and stablecoin issuer Tether committed to buying up to $150 million of GPU services from the combined company. Longboat Key, Florida-based Rumble said it expected the all-share acquisition to be complete in the second quarter of next year. Investors in Frankfurt-based Northern Data will receive 2.0281 new Rumble shares for each NB2 share they own, and will end up with about 30% of the combined company. Tether and other major Northern Data shareholders representing more than 70% of the stock committed to accepting the offer. The deal will give Rumble another 22,400 Nvidia GPUs and expand its cloud capacity to nearly 180 MW while strengthening its presence in Europe. Northern data shares soared 47% during Monday’s session, taking its market cap to about $1.3 billion. Tether’s agreement to buy services from Rumble after the deal is complete gives the world’s largest stablecoin issuer access to high-performance compute power for its decentralized AI infrastructure, reducing reliance on major cloud providers and supporting its broader push to build independent AI systems. It builds on Tether’s earlier $775 million strategic investment in Rumble. Tether also said it would spend $100 million on a two-year advertising campaign to drive adoption of Rumble Wallet. The campaign will integrate Rumble Wallet with Tether’s USDT, XAUT and BTC products, expand monetization options for creators who prioritize free speech and accelerate Rumble’s advertising and ecosystem growth. Source: https://www.coindesk.com/markets/2025/11/10/rumble-shares-soar-on-tether-partnerships-planned-northern-data-acquisition

Rumble (RUM) Rallies on Tether’s AI and Ad Commitments, Pending Northern Data Purchase

2025/11/10 21:08

Rumble (RUM) shares jumped 21% in pre-market trading after saying it agreed to buy AI and high-performance-computing firm Northern Data AG (NB2), and stablecoin issuer Tether committed to buying up to $150 million of GPU services from the combined company.

Longboat Key, Florida-based Rumble said it expected the all-share acquisition to be complete in the second quarter of next year. Investors in Frankfurt-based Northern Data will receive 2.0281 new Rumble shares for each NB2 share they own, and will end up with about 30% of the combined company. Tether and other major Northern Data shareholders representing more than 70% of the stock committed to accepting the offer.

The deal will give Rumble another 22,400 Nvidia GPUs and expand its cloud capacity to nearly 180 MW while strengthening its presence in Europe. Northern data shares soared 47% during Monday’s session, taking its market cap to about $1.3 billion.

Tether’s agreement to buy services from Rumble after the deal is complete gives the world’s largest stablecoin issuer access to high-performance compute power for its decentralized AI infrastructure, reducing reliance on major cloud providers and supporting its broader push to build independent AI systems. It builds on Tether’s earlier $775 million strategic investment in Rumble.

Tether also said it would spend $100 million on a two-year advertising campaign to drive adoption of Rumble Wallet. The campaign will integrate Rumble Wallet with Tether’s USDT, XAUT and BTC products, expand monetization options for creators who prioritize free speech and accelerate Rumble’s advertising and ecosystem growth.

Source: https://www.coindesk.com/markets/2025/11/10/rumble-shares-soar-on-tether-partnerships-planned-northern-data-acquisition

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The post QQQ short term cycle nearing end; pullback likely to attract buyers [Video] appeared on BitcoinEthereumNews.com. The short-term Elliott Wave outlook for the Nasdaq 100 ETF (QQQ) indicates that the cycle from the April 2025 low remains active. Wave (4) of the ongoing impulse concluded at 580.27, and the ETF has since resumed its upward trajectory. To confirm continuation, price must break above the prior wave (3) peak recorded on 30 October at 638.41. The rally from the 21 November wave (4) low has matured and is expected to complete soon, reflecting the natural rhythm of the Elliott Wave sequence. The advance from wave (4) has unfolded as a five-wave impulse. Within this structure, wave ((i)) ended at 586.25, followed by a corrective pullback in wave ((ii)) that terminated at 580.36. From there, the ETF nested higher. Wave (i) of the next sequence ended at 596.98, while wave (ii) pulled back to 589.44. Momentum carried wave (iii) to 606.76, before wave (iv) corrected to 597.32. The final leg, wave (v), reached 619.51, completing wave ((iii)) at a higher degree. A subsequent pullback in wave ((iv)) ended at 612.13. Looking ahead, wave ((v)) of 1 is expected to finish soon. Afterward, a corrective wave 2 should unfold, addressing the cycle from the 21 November low before the ETF resumes higher. In the near term, as long as the pivot at 580.27 remains intact, dips are anticipated to find support in a 3, 7, or 11 swing sequence, reinforcing prospects for further upside. Nasdaq 100 ETF (QQQ) 30-minute Elliott Wave chart from 12.5.2025 Nasdaq 100 ETF Elliott Wave [Video] Source: https://www.fxstreet.com/news/qqq-short-term-cycle-nearing-end-pullback-likely-to-attract-buyers-video-202512050323
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BitcoinEthereumNews2025/12/05 11:40