Overview
- Rumble says the offer values Northern Data at about €663 million, below the firm’s roughly €756 million market capitalization at Friday’s close.
- Northern Data shareholders would own about 30.4% of Rumble after closing, and Rumble says it has already secured 72% of Northern Data with plans to delist the German company.
- Rumble frames the deal as a push to scale AI cloud services by adding Northern Data’s data centers and access to Nvidia high‑performance processors.
- Northern Data evolved from bitcoin mining to operating cloud infrastructure, and the contingent cash component depends on divesting its mining business.
- Tether is the largest shareholder in both companies, with prior funding that includes a $610 million loan to Northern Data and a $775 million investment in Rumble, and part of the loan will convert into Rumble equity with the remainder assumed as debt.