Overview
- Northern Data shareholders will receive 2.0281 Rumble Class A shares per share, own about 30.4% of the combined company, and see Northern Data delist after completion.
- The acquisition adds roughly 22,400 Nvidia GPUs, including about 20,400 H100s and 2,000 H200s, plus company-owned and co-located data centers across Europe and the United States.
- Tether committed up to $150 million for GPU services and a $100 million two-year advertising campaign starting in the first quarter of 2026, underscoring its role as a key backer of Rumble.
- Closing is targeted for the second quarter of 2026 pending shareholder approvals, with major Northern Data investors representing more than 70% indicating they will accept the offer.
- Northern Data outlined a $200 million cash distribution to its shareholders if the Corpus Christi data center is sold before closing, as Rumble and Northern Data shares rallied on the announcements.