Video-sharing and cloud services company Rumble is considering a deal to acquire German group Northern Data. The potential transaction could amount to around €1 billion.
Deal Terms
Under the proposed terms, Northern Data shareholders would receive 2.319 new Class A Rumble shares for each of their shares. If fully exchanged, Northern Data investors would hold about a third of the combined company. Tether, which owns 54% of Northern Data, supports this proposal and would become Rumble’s largest shareholder.
Exclusion of Peak Mining Division
The potential transaction would not include Northern Data’s bitcoin mining subsidiary, Peak Mining. Northern Data confirmed a preliminary agreement has been signed to sell this unit to Elektron Energy for up to $235 million.
Financial Results and Market Outlook
Northern Data reported a 72% revenue increase in the first half of 2025 to €94.3 million. Rumble’s shares rose 20% in pre-market trading. However, the company also reported a net loss of $30.2 million for the second quarter.
Discussions about a potential deal between Rumble and Northern Data highlight the ongoing activity in the cloud technology and artificial intelligence market. However, no final decision has been made regarding the acquisition.
