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00:02Rumble shares traded Lower Monday as investors digested the company's Northern Data acquisition,
00:07rebrand, and weakness in the communication services sector.
00:11Rumble closed its acquisition of Northern Data,
00:14taking ownership of about 85.2% of outstanding shares and rebranding the public entity as RUM Group.
00:21The $767 million deal adds about 22,000 NVIDIA, H100, and H200 GPUs across nine data centers
00:30and roughly 250 megawatts of current and planned power capacity expected by 2027.
00:37The company said more than 200 megawatts of energy capacity remains unmonetized.
00:42Rumble also split its business identity between the consumer platform
00:45and Quake AI for cloud and AI infrastructure.
00:48Shares were down 3.40% at $7.12 at publication, according to Benzinga Pro.
00:55For all things money, visit Benzinga.com.
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