Rumble Sells 68% of Bitcoin Holdings as Quake AI Posts Record $96.6M Q3 Revenue

BTC-0.45%
According to its Q3 2026 earnings disclosed on November 12, Rumble (RUM) reduced its bitcoin holdings from 293.14 BTC in June to 94.68 BTC on September 30, selling approximately 198 bitcoin or roughly 68% of its stack. The video platform's move came as its recently acquired Quake AI cloud infrastructure unit drove record quarterly revenue of $96.6 million, with the business delivering $4.4 million in adjusted EBITDA, marking the first profitable quarter in company history. Quake AI contributed $68.2 million, or over 70% of total revenue, in its first full quarter of operations.
Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.