Rumble, a fast-growing video-sharing platform, has set its sights on acquiring Northern Data, a European high-performance computing and Bitcoin mining firm. The cloud service provider shared that the potential deal will be settled by a stock purchase worth €1 billion, equivalent to $1.17 billion. The move, if completed, could turn Rumble into a heavyweight in global AI cloud services. Rumble Offers to Buy Northern Data with Tether’s Backing On August 11, Rumble announced plans to offer Northern Data shareholders 2.319 newly issued Class A Rumble shares for each Northern Data share. If all shares are tendered, Northern Data’s shareholders would control about one-third of Rumble. Tether, the majority shareholder of Northern Data with a 54% stake, has already welcomed the idea. Once the deal closes, the stablecoin issuer would become Rumble’s single biggest Class A shareholder. Tether has also pledged a multi-year GPU purchase commitment to strengthen the company’s growth. Meanwhile, Tether’s support is built on past strategic investments. Last December, the company invested $775 million in Rumble to strengthen the platform’s independence and grow its infrastructure. That backing now appears to be paving the way for a larger AI and data privacy venture. The acquisition is expected to close in the second half of 2025. It will require due diligence, final negotiations, approval from Rumble’s board, and regulatory clearance in both the U.S. and Germany. Northern Data has confirmed awareness of the offer and signaled readiness for further talks. However, even with Tether’s early support, there is no guarantee all shareholders will agree to the terms. Peak Mining Not Included in the Deal If the acquisition is completed, Rumble will take over Northern Data’s Ardent data centers and its Taiga GPU-as-a-service platform, which boasts over 20,000 Nvidia GPUs. Rumble says this expanded infrastructure would help it become a global leader in AI cloud services. While the acquisition targets Northern Data’s AI and GPU cloud business, it excludes Peak Mining. Although the crypto miner initially announced intentions to sell Peak Mining . Now, a non-binding term sheet has been earlier with Elektron Energy to sell the mining unit for up to $235 million. Rumble Shares Surge as Northern Data Posts Strong Growth This potential acquisition news sent Rumble’s shares up 20% in pre-market trading to $9.48. It has also joined the growing list of companies adopting Bitcoin treasury strategies . It now holds 210.8 BTC, valued at about $25.6 million at current prices. In the first half of 2025, Northern Data’s revenue jumped 72% to €94.3 million, valued at $109.8 million, compared to the same period in 2024. Much of this growth came from its Taiga Cloud service and its Peak Mining unit. Its Bitcoin mining revenue climbed 49% to €53.5 million, equivalent to $62.3 million, due to increased mining capacity and higher Bitcoin prices. The post Rumble Set to Acquire Northern Data in €1B Deal appeared first on TheCoinrise.com .
