Rumble rebrands to RUM Group after Northern Data buyout

Rum

Wed 22:33

    June 17 (Reuters) - Rumble RUM.O, which hosts U.S. President Donald Trump's Truth Social platform said it would begin operating under the name 'RUM Group' and oversee a new AI-focused business unit in addition to its namesake video platform.
The move, announced on Wednesday and effective from June 18, comes after the company closed the acquisition of German AI cloud company Northern Data.
Here are some details:
The video platform and cloud services provider last year announced it would acquire Northern Data in an all-stock deal valued at roughly $767 million.
It said Quake AI, a rename of Northern Data, will combine assets, including about 22,000 Nvidia NVDA.O H100 and H200 graphics processing units across nine data centers.
"We now have over 200 MW of unmonetized energy capacity and substantial contracted revenue across Rumble," CEO Chris Pavlovski said.


 (Reporting by Jaspreet Singh in Bengaluru; Editing by Joyjeet Das)
 ((Jaspreet.Singh@thomsonreuters.com; on X @i_jass;))