Rumble just signed its largest customer deal in its history. The company signed a $270 million multi-year cloud agreement with Together AI for dedicated GPU capacity powered by NVIDIA HGX Blackwell B300 systems.
Rumble’s stock rose 7% in pre-market trading following the announcement.
Actual transaction details
Together AI, a company focused on building and deploying open source AI models, will gain exclusive access to Rumble’s GPU cloud infrastructure. The hardware at the heart of the deployment is NVIDIA’s HGX Blackwell B300 system, which represents the state of the art in AI training and inference computing.
The transaction structure includes potential accretion and extension provisions based on market performance. This means that if AI computing demand continues on its current trajectory, $270 million could be the floor, not the ceiling.
The big picture: Northern Data and Tether
The company’s pending acquisition of Northern Data AG is expected to close by mid-June 2026, and will add approximately 22,400 NVIDIA GPUs to Rumble’s asset base. The price of the transaction, paid in stock, is approximately $767 million. If the acquisition completes as planned, Rumble’s post-acquisition underlying revenue target will be approximately $425 million.
The financial architecture behind Rumble’s transformation involves Tether, the issuer of the USDT stablecoin. Tether has financial ties to both Rumble and Northern Data, and this story sits right at the intersection of cryptocurrency finance and traditional cloud infrastructure.
