Rumble is in talks to acquire the German data center operator Northern Data for approximately $1.17 billion. This could enhance its footprint in AI cloud services.
Overview of the Deal
The acquisition of Northern Data could transform Rumble into a global leader in cloud technologies, adding the GPU platform Taiga and the Ardent data centers to its portfolio.
Financials of Northern Data
Northern Data has a market cap of €1.46 billion ($1.7 billion) and reported revenue of €200.27 million ($233.24 million) for 2024, with a year-on-year growth rate of 1,122.85%.
Tether's Support and Strategic Impact
Tether, which owns 54% of Northern Data, supports the acquisition and plans to exchange its Northern Data shares for Rumble shares, making it a significant customer of Rumble.
The deal between Rumble and Northern Data is still under scrutiny and requires final checks and approvals. If successful, it could reshape the structure of both companies, providing Rumble new opportunities in AI and cloud technologies.
