Bitcoin News Today: Tether and Rumble to Acquire Northern Data for $1.17 Billion in Stock

Tether and Rumble have jointly proposed a $1.17 billion all-stock acquisition of Northern Data, a Germany-based AI and high-performance computing (HPC) infrastructure provider. Under the terms, each Northern Data shareholder would receive 2.319 newly issued Class A Rumble shares for each Northern Data share. If all shares are tendered, Northern Data shareholders would hold approximately 33.3% of Rumble following the transaction [1]. Tether, already Northern Data’s largest shareholder and a key financial backer of Rumble, is expected to become the single largest holder of Rumble’s Class A common stock after the deal completes [2].

Tether has already invested $775 million in Rumble and, in May 2025, the two firms announced a jointly developed USDT-supporting Bitcoin and stablecoin wallet. The acquisition further solidifies the partnership, with Tether also amending its existing €575 million ($610 million) loan to Northern Data to provide additional financial support for the transition away from its Bitcoin mining operations [3].

Northern Data’s business is currently divided into three segments: Taiga Cloud, which offers GPU cloud services; Ardent Data Center, providing data infrastructure; and Peak Mining, a Bitcoin mining operation. The company has indicated it plans to sell the mining unit to focus on AI and HPC, with proceeds from the sale to be reinvested into those areas [4]. This strategic shift aligns with the proposed acquisition, which aims to consolidate Rumble’s position in AI infrastructure and data privacy solutions.

The deal values Northern Data at roughly $1.17 billion based on Rumble’s closing price of $7.88 on July 19, 2025. The transaction remains subject to shareholder and regulatory approvals. If approved, it would significantly expand Rumble’s capabilities in AI and HPC while positioning Tether to exert greater influence across the tech and media ecosystems [5].

The move reflects a growing trend of consolidation in the AI sector, as companies seek to secure infrastructure and talent to meet rising demand. For Rumble, the acquisition represents a strategic pivot from a video-sharing platform to a broader technology firm with a strong foundation in AI and data privacy. For Tether, it offers an indirect but meaningful expansion into the tech space, leveraging Rumble’s resources and Northern Data’s infrastructure [6].

The proposed deal underscores the convergence of blockchain and AI, with Tether and Rumble aiming to build a “leading force in freedom-first infrastructure.” The transaction, if completed, could mark a pivotal moment for both companies, as they position themselves to compete in the rapidly evolving landscape of AI and decentralized technologies [7].

Source:

[1] Tether and Rumble bet on AI with $1.17B Northern Data acquisition (https://cointelegraph.com/news/tether-and-rumble-bet-on-ai-with-full-northern-data-acquisition)

[2] Tether Supports Rumble's $1.17B Bid To Acquire Northern Data (https://blockzeit.com/tether-supports-rumbles-1-17b-bid-to-acquire-northern-data/)