Rumble to buy Northern Data in cloud expansion move

Rumble, a Nasdaq-listed video streaming platform, has agreed to get Northern Data, a Germany-based AI unreality infrastructure company, successful an all-stock woody worthy astir $767m.

Presently, Northern Data is listed connected the Xetra trading strategy (ETR) of the Frankfurt Stock Exchange.

Northern Data delivers full-stack AI and precocious show computing (HPC) solutions done businesses specified arsenic Taiga Cloud and Ardent Data Centers. It has operations successful assorted European countries and the US.

The institution maintains a graphics processing portion (GPU) clump successful Europe and manages information centre facilities globally.

Under the presumption of the deal, Rumble volition motorboat a voluntary nationalist speech connection to each shareholders of Northern Data, giving them 2.0281 recently issued Class A Rumble shares for each Northern Data share.

The statement follows Rumble’s announcement successful August 2025, that it was considering a imaginable woody with Northern Data.

The boards of Rumble and Northern Data person approved the transaction, which is taxable to customary regulatory clearances but does not necessitate a minimum acceptance rate.

Key shareholders, including blockchain-enabled level Tether and parties linked to Northern Data’s co-CEO Aroosh Thillainathan, person committed to merchantability their shares to Rumble astatine the aforesaid speech ratio. Together, they correspond astir 72% of Northern Data’s outstanding shares.

Tether has agreed to go an anchor lawsuit for the combined entity pursuing closing. Earlier successful 2025, Tether made a $775m concern successful Rumble.

If each shares are tendered, Northern Data shareholders would clasp astir 30.4% of Rumble’s combined pro forma ownership.

In summation to the stock exchange, determination is simply a proviso for a imaginable aggregate currency outgo of up to $200m to participating Northern Data shareholders.

This outgo is conditional connected the palmy merchantability oregon commercialisation milestones relating to Northern Data’s erstwhile Corpus Christi determination with an infrastructure plus absorption steadfast and is based connected nett after-tax proceeds received anterior to the closing of the offer.

Rumble president and CEO Chris Pavlovski said: “Northern Data. Tether. Rumble. This is however we physique the AI ecosystem for the future, from the crushed up.

“Freedom-First is the caller mode guardant for tech. Unlike Big Tech, it represents a aboriginal wherever exertion empowers alternatively than controls.”

Following completion of the deal, Rumble expects to grow its unreality concern with entree to 1 of Europe’s largest graphics processing portion (GPU) estates and a web of information centres.

The transaction would supply Rumble with power of 22,400 Nvidia GPUs and assorted owned information centre locations, including a tract successful Maysville, Georgia anticipated to present up to 180 megawatts of capableness erstwhile improvement concludes.