RUM Team, the parent of video platform Rumble, lower its bitcoin holdings by about two-thirds in the third quarter, the firm disclosed Wednesday, as its newly received AI cloud change pushed it to its first worthwhile quarter on an adjusted basis.
The Nasdaq-listed firm held 94.68 bitcoin, valued at $7.9 million, as of Sept. 30. That compares with 293.14 bitcoin payment about $17.2 million at the tip of June, per its 2d-quarter results.
That implies Rumble parted with roughly 198 bitcoin for the duration of the quarter, or about 68% of its stack.
The firm’s money-drift assertion presentations a find sale of digital resources of about $15.3 million for the first 9 months of 2026. Within the same period a year earlier, it spent $19.1 million procuring digital resources.
Rumble didn’t declare the sales in its unlock, and it didn’t voice what mark it received. The steadiness sheet’s digital resources line, which the unlock doesn’t destroy down, fell to $11.1 million from $18.5 million at the tip of 2025.
Rumble’s AI pivot takes over
The bitcoin drawdown got right here in a quarter dominated by Quake AI, the cloud and AI infrastructure unit Rumble constructed around Northern Records, the German GPU operator it received in June.
Earnings rose 290% from a year earlier to a document $96.6 million, beating the high of the firm’s steering vary. Quake AI contributed $68.2 million of that, more than 70% of the total, in its first corpulent quarter. The unit runs about 22,000 Nvidia GPUs, which the firm talked about were about 85% utilized.
Adjusted EBITDA got right here in at $4.4 million, the first determined result in firm historical past. On a GAAP basis, RUM Team level-headed lost $89.9 million, weighed down by $85.2 million in amortization and depreciation. Executives talked about on the name that about $39 million of that got right here from writing up the associated price of Northern Records’s resources in aquire accounting.
“Quake AI is now the engine of our change,” CEO Chris Pavlovski talked about. “We now own staunch resources running staunch AI workloads for staunch clients and generating staunch money.”
The video change itself grew more slowly. Rumble’s video section brought in $28.4 million, up 15% year over year, and posted a $12.1 million adjusted EBITDA loss, wider than a year earlier, executives talked about on the name.
Money has been falling as properly. RUM Team ended September with $134.4 million in money and money equivalents, down from $203.3 million at the tip of June and $237.9 million at the tip of 2025. The firm raised its stake in Northern Records to about 98% for the duration of the quarter and expects to own all of it in early 2027.
It moreover warned that portion of the roughly 250 megawatts of unmonetized ability it had focused for 2027 may possibly possibly wander beyond that year ensuing from market stipulations. RUM Team guided fourth-quarter income to $88 million to $94 million.
One other bitcoin holder shrinks its treasury
Rumble has been among the more visible bitcoin-pleasant platforms outdoors the crypto change. In January, it launched a crypto pockets with Tether that lets creators salvage funds in bitcoin.
Its sales add to a escape of companies trimming or exiting bitcoin positions as prices fall and capital shifts in direction of AI. Hyperscale Records sold its closing bitcoin to fund an AI files center, Keel sold its total treasury for $192 million and MARA sold 13,597 bitcoin this month.
Bitcoin traded advance $72,800 early Thursday, properly below the roughly $83,400 per coin implied by Rumble’s Sept. 30 valuation. At that mark, its final 94.68 bitcoin would be payment about $6.9 million.
Whether Rumble keeps a token stack or sells the relaxation is a quiz its next quarterly file can own to acknowledge.
Micah first found Bitcoin in 2018 but remained a skeptic on the sidelines for too lengthy. Since 2021, he has lined crypto and change and now works as a news reporter for Bitcoin Magazine, based mostly fully mostly in North Carolina.
