Rumble Eyes $1.17B Northern Data Deal for GPU Cloud And Data Centers

Rumble is weighing a roughly $1.17 billion offer for German AI cloud provider Northern Data, according to statements from both companies, according to Reuters. The proposed deal would give Rumble control of Northern Data’s GPU-rich Taiga cloud unit, holding an inventory of over 22,000 Nvidia chips. Rumble is considering offering 2.319 shares for each Northern Data share, valuing the company at $18.3 per share, about 32% below its last Frankfurt closing price. A transaction on current terms would give Northern Data shareholders a 33.3% stake in Rumble. Majority shareholder Tether supports the deal, contingent on Northern Data divesting its crypto mining unit and using proceeds to repay a Tether loan. Following the transaction, Tether would become a key Rumble customer with a multi-year GPU purchase commitment.