Video platform Rumble (RUM.O) said it will acquire German AI cloud company Northern Data (NB2.DE) in an all-stock deal valued at about $767 million, marking a major expansion into AI infrastructure.
Under the agreement, Northern Data shareholders will receive 2.0281 Rumble Class A shares for each share they own, giving them a 30.4% stake in the combined entity once the deal closes in Q2 2026.
The merger includes a $150 million GPU-leasing deal with Tether, which owns 48% of Rumble, and $200 million in tax liability support. The transaction will also add 22,400 Nvidia GPUs to Rumble’s infrastructure portfolio, positioning it as a stronger player in AI cloud computing and high-performance data processing.
Tether, which previously invested $775 million in Rumble, will serve as an anchor customer for the merged company, further cementing its role in the rapidly expanding AI sector.
The deal comes as Rumble seeks to diversify beyond social media hosting—especially Truth Social, linked to former U.S. President Donald Trump—and tap into the booming AI computing market.
Northern Data, meanwhile, will delist after the transaction and distribute $200 million in cash to shareholders if it sells its Corpus Christi data center before completion.
