Provider of video-sharing and cloud services Rumble (RUM, Financials) said Friday that it has signed a cloud services deal with the Government of El Salvador. Providing cloud storage, compute services, databases, load balancers, and Kubernetes integration to the Central American country will be part of the cooperation.
RUM shares rose 1.3% to $11.10 by 12:52 p.m. EST Monday, gaining $0.14 from the previous close.
The business said that the arrangement marks a turning point as it shows Rumble's capacity and dependability in managing compute demands and important government data. The business underlined the value of its autonomous infrastructure as a substitute for big technological companies, which it contends fits with worldwide trends stressing freedom and independence in technology.
By means of its National Bitcoin Office, the government of El Salvador said that the collaboration embodies shared values of innovation, freedom, and prosperity. Officials said that Rumble's ideals align with the objectives of the nation, hence the cooperation fits naturally with possible long-term gains for both parties.
Based on Longboat Key, Florida, Rumble bills itself as a protector of free and open internet access. The infrastructure services of the firm appeal to customers looking for freedom from established Big Tech suppliers.
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