Rumble Eyes All-Stock Acquisition of Tether-Backed Northern Data

Video-sharing platform Rumble is considering a strategic acquisition of Northern Data, a company backed by the cryptocurrency firm Tether, in a move to bolster its presence in the AI and data center sector. Under the proposed all-stock deal, Northern Data shareholders would receive 2.319 newly issued Class A Rumble shares for each share they tender. This offer suggests that Rumble envisions integrating Northern Data’s powerful GPU infrastructure and data centers with its own services to become a leading player in AI cloud computing.