Rumble Explores All-stock Acquisition Of Tether-backed Northern Data

Rumble announced its interest in acquiring Tether-backed Northern Data through an all-stock transaction, proposing 2.319 newly issued Class A Rumble shares for each Northern Data share tendered. If all outstanding shares are exchanged, Northern Data shareholders would own roughly 33.3% of the combined company.

The offer remains preliminary and subject to due diligence, negotiations, and regulatory approvals. The acquisition would transform Rumble into a global AI cloud leader by integrating Northern Data’s GPU-as-a-service platform, Taiga, which holds around 20,480 Nvidia H100 GPUs and 2,048 H200 GPUs, as well as its five data centers with nearly 850 MW of energized capacity.

The deal’s terms would adjust if balance-sheet changes occur before closing. A key condition is the sale of Northern Data’s bitcoin mining arm, Peak Mining. Rumble initially supported independent content creators but has diversified into cloud infrastructure and digital asset services to compete with larger tech firms.

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