Bitcoin News Update: Tether’s $5.7 Million Investment Shows Support for Rumble’s Shift Toward Crypto-Based Cloud Services

Shares of Rumble Inc. jumped over 13% on Monday after stablecoin leader

increased its investment in the video-sharing site, acquiring 1.06 million shares for $5.7 million. This move reflects renewed optimism in Rumble's shift toward cloud services and cryptocurrency features. The purchases, revealed in a filing with the Securities and Exchange Commission, took place from November 19 to 21 at prices between $5.38 and $5.46 per share. As a result, Tether now holds 104.4 million shares, valued at about $680 million at current prices .

This development came after Rumble announced an updated deal to acquire Northern Data AG, a German company specializing in data centers, which will add 22,000

GPUs and a worldwide data center network to its cloud offerings. Tether also committed to buying $150 million worth of GPUs from and plans to spend up to $100 million on advertising to promote its crypto wallet. The collaboration, revealed earlier this month, fits into Rumble's larger plan to adopt blockchain technology, including a tipping tool for creators, which was introduced at the Plan B Forum in October .

Rumble's stock, currently trading at $6.51, has experienced significant swings this year, losing nearly half its value since January despite a reduced third-quarter net loss of $16.3 million. The company posted $24.8 million in revenue for the quarter, slightly missing analyst expectations, but pointed to operational improvements ahead of the U.S. election season

. Experts observed that Rumble's stock surge was in line with broader gains among data center and high-performance computing firms, with Cipher Mining and BitDeer also posting double-digit increases .

This investment highlights Tether's expanding role in shaping Rumble's business direction. Giancarlo Devasini, who owns more than half of Tether Holdings, is now Rumble's largest shareholder through Tether Investments. Tether's earlier $775 million investment in 2024, which secured over 103 million shares, had already made it a major force in Rumble's growth

.

The partnership between Rumble and Tether goes beyond funding. Together, they have introduced crypto tipping, enabling users to reward creators with Bitcoin and Tether's

stablecoin. Rumble also holds a Bitcoin reserve of 210.82 BTC, worth $18.5 million as of the third quarter, further strengthening its position in the crypto space .

The stock's current performance stands in contrast to its early 2025 high of $17.40, as investors assess Rumble's evolution from a video platform to a company focused on both cloud and crypto infrastructure. While analysts continue to rate the stock as "Hold" with an average price target of $14, the acquisition of Northern Data and Tether's continued backing could spark renewed interest from investors

.