Cloud-based AI giant Rumble's $1.17 billion venture may propel AI tokens, such as SUBBD.
In a groundbreaking move, Rumble, the global AI cloud leader, has announced a $1.17 billion all-stock acquisition of Northern Data's Taiga AI cloud and Ardent data center divisions. This strategic deal, supported by Tether, Northern Data's majority owner, will fundamentally transform Rumble into a powerhouse at the intersection of AI, blockchain, and cloud computing.
The acquisition integrates Northern Data's AI-focused GPU infrastructure and data center assets into Rumble's platform. This union will bolster Rumble's capacity with a large-scale GPU fleet, including approximately 20,480 Nvidia H100 and 2,048 H200 GPUs, and nearly 850 megawatts of energized data center capacity across five owned sites.
The deal reflects the increasing convergence of AI's computational demands and blockchain technology's infrastructure needs. Advanced computing power underpins innovations in both fields, and this acquisition strategically positions Rumble to deliver cutting-edge AI and blockchain solutions globally.
For creators, the platform provides an AI assistant that automates chat, content creation and editing, scheduling, and monetization. This convergence of AI and blockchain is driving growth in both industries, with platforms like SUBBD tapping into the same growth drivers as billion-dollar acquisitions.
SUBBD Token, a project fusing blockchain subscriptions with AI tools, is building an AI-integrated crypto creator platform for the next generation of creators and fans. Holders of $SUBBD tokens will unlock further perks post-launch, such as exclusive content, early access to creator drops, loyalty rewards, and platform discounts.
The presale of $SUBBD tokens has already raised over $985K, with tokens priced at $0.05615 and staking set at a 20% static APY. With over 250M combined social followers across ambassadors and partner brands, SUBBD is positioned to onboard a huge audience into its Web3 ecosystem.
The acquisition of Northern Data's assets also gives Rumble access to high-performance computing infrastructure, used for both AI model training and blockchain transaction processing. Demand for GPUs and high-performance computing has increased, driven by both blockchain mining needs and AI model training.
The acquisition signals a shift in the crypto industry, with companies like Rumble investing in AI infrastructure. Tether, which holds a controlling stake in Northern Data, will become an important customer of Rumble, with a multi-year commitment to purchase GPUs.
However, it's important to note that investments in crypto carry no guarantees. This article is for informational purposes only and does not serve as financial advice.
In a separate transaction, Northern Data is selling its Peak Mining Bitcoin operation to private miner Elektron Energy for $235M.
In summary, the acquisition enhances Rumble’s AI and cloud service capabilities with a massive GPU-as-a-service platform and substantial data center resources. It aligns with market trends where cryptocurrency firms and blockchain infrastructure increasingly invest in high-performance computing driven by AI workloads. The acquisition accelerates the convergence of AI and blockchain infrastructure by uniting GPU-intensive AI cloud services with robust data center assets, facilitating new integrated technological solutions.
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