Overview
- Northern Data investors are offered 2.0281 newly issued Rumble Class A shares per share, valuing the deal at about €663 million ($767 million) at recent prices and representing a lower valuation than Rumble’s August proposal.
- An additional cash payment of up to $200 million would be made only if the Corpus Christi bitcoin‑mining facility is sold at the specified price before the deal closes.
- Rumble would gain access to roughly 22,400 Nvidia GPUs and a global network of data centers to scale AI‑focused cloud services.
- Rumble says it has commitments covering about 72% of Northern Data shares and intends to remove the German company from the stock exchange after completion.
- Tether is the largest shareholder in both companies, with part of its previous loan to Northern Data set to convert into Rumble equity and the remainder to be assumed by Rumble.