Rumble, a video-sharing and cloud services company backed by Tether, is planning a major acquisition of German computing group and bitcoin miner Northern Data. This potential €1 billion ($1.17 billion) deal could see Tether acquire a majority stake, exceeding 50% ownership, in the merged business. 2.319 new Rumble shares will be exchanged for each Northern Data share, resulting in roughly one-third of the combined entity being owned by Northern Data shareholders upon completion. Tether’s investment aligns with its commitment to expanding the Rumble platform through a multi-year GPU purchase agreement. The proposed deal comes after Tether invested $775 million in Rumble last year to support the company’s growth. 1,000+ Nvidia GPUs will be included in this acquisition and focus on AI while promoting global data privacy and independence.