Overview
- Each Northern Data share will be swapped for 2.0281 newly issued Rumble Class A shares.
- The agreement transfers 22,400 Nvidia GPUs and large-scale data-center assets to Rumble.
- The deal includes a $150 million GPU leasing arrangement with Tether, which owns 48% of Rumble.
- Rumble will provide $200 million to support Northern Data’s tax liabilities.
- Northern Data will delist after closing, and Rumble previously sought its Taiga and Ardent units in an August offer.