Canadian platform Rumble is preparing to expand its reach beyond video streaming into the artificial intelligence market. It is considering acquiring German company Northern Data for $1.17 billion.
Rumble's Acquisition Strategy
Rumble's plan focuses on gaining full control of two Norther Data's divisions: Taiga, which provides GPU-based cloud services, and Ardent, which manages large-scale data centers. Under the proposal, Rumble would issue new Class A shares in exchange for Northern Data's common stock.
Northern Data's AI Assets
Taiga holds one of the largest collections of high-end Nvidia GPUs available, with about 20,480 H100 chips and over 2,000 H200 units. Additionally, Rumble is targeting Ardent, which operates five wholly owned data center sites with a total potential energy capacity of nearly 850 megawatts.
Share Exchange Negotiations
If the acquisition proceeds as proposed, each Northern Data share would be exchanged for 2.319 newly issued Rumble Class A shares. The final exchange ratio is still subject to confirmatory due diligence and negotiations. Northern Data's board has expressed readiness to continue discussions with Rumble.
The deal between Rumble and Northern Data could significantly reshape the cloud computing landscape and position the company for substantial opportunities in artificial intelligence.
