"Big Brother Whale" Huang Lizheng's Long Positions Rebound to $30 Million in Unrealized Gains

Huang Lizheng, known as "Big Brother Whale," holds significant long positions in ETH, HYPE, and PUMP, resulting in over $30 million in unrealized gains. On-chain staking rewards monitored by LookOnChain have rebounded, indicating Huang's optimism in these assets. His holdings are substantial, positioning him as a major player in the market.

Rumble Inc. shares surged 10.8% after announcing an all-stock deal to acquire German AI cloud firm Northern Data AG for approximately $1.17 billion. This strategic move aims to expand Rumble's capabilities beyond its video-sharing platform and into the high-growth AI infrastructure market [1].

Under the proposed terms, each Northern Data share would be exchanged for 2.319 Rumble Class A shares, resulting in Northern Data shareholders owning about a third of the combined company. The deal would give Rumble control of Northern Data's Ardent data centers and its Taiga GPU-as-a-service business, which includes a significant inventory of over 20,000 Nvidia H100 GPUs [1].

Despite Rumble reporting second-quarter results that missed revenue estimates and showed a decline in monthly active users, investors are focused on the transformative potential of the AI-focused acquisition. The all-stock transaction reflects Rumble's confidence in its long-term growth potential and aligns with a broader strategy to leverage equity for transformative deals [1].

Tether, the stablecoin issuer that controls 54% of Northern Data, has endorsed the offer, positioning it to become the largest holder of Rumble’s Class A shares following the deal. The acquisition is expected to close by mid-2025, pending regulatory approvals [2].

The deal aims to significantly expand Rumble’s AI and cloud infrastructure capabilities, combining Northern Data’s Ardent data centers and Taiga GPU services with Rumble’s existing assets. The merged entity would operate more than 20,000 Nvidia GPUs and have access to roughly 850 MW of power capacity, with an additional 180 MW expansion planned in Maysville, Georgia [3].

A key condition of the deal is the divestiture of Northern Data’s Bitcoin mining unit, Peak Mining, ahead of the acquisition’s completion. Northern Data has reportedly reached a preliminary agreement to sell the mining operation to Elektron Energy for up to $235 million. The proceeds will help settle Tether’s outstanding debt to Northern Data, with the remaining terms adjusted accordingly [3].

Analysts describe the move as a high-stakes bet in the rapidly evolving AI infrastructure landscape. With Tether’s backing and the anticipated integration of Northern Data’s GPU resources, Rumble is positioning itself to offer high-performance computing solutions tailored for AI workloads, aiming to become a major player in the AI-as-a-Service market [3].

References:
[1] https://www.ainvest.com/news/rumble-acquires-northern-data-1-17-billion-stock-deal-shares-jump-10-8-2508/
[2] https://www.ainvest.com/news/rumble-acquire-northern-data-1-165b-stock-deal-boost-ai-infrastructure-2508/
[3] https://www.ainvest.com/news/rumble-strategic-ai-expansion-high-stakes-bet-cloud-infrastructure-dominance-2508/