Rumble's $767M Northern Data Deal Fuels AI Infrastructure Expansion

Rumble Inc. (NASDAQ: RUM) has agreed to acquire Northern Data AG (ETR: NB2), a German data center operator, in a $767 million all-stock deal, marking a strategic expansion into AI infrastructure and cloud computing. Under the terms, Rumble will issue 2.0281 of its Class A shares for each Northern Data share, representing a 15% discount to Northern Data's last trading price on the Frankfurt Stock Exchange Rumble to Acquire Northern Data in $767 Million All-Stock Deal. The transaction, expected to close in Q2 2026, will grant Rumble access to approximately 22,400 Nvidia GPUs—20,400 H100s and 2,000 H200s—as well as four owned data centers and co-located sites across Europe and the U.S. Rumble to acquire Northern Data in stock exchange deal.

The deal is anchored by Tether, the stablecoin issuer that holds a 48% stake in Rumble and a controlling interest in Northern Data. Tether has committed to purchasing up to $150 million in GPU services from the combined entity over two years and investing $100 million in advertising on Rumble's platform between 2026 and 2027 Rumble and Northern Data sign merger agreement as Tether makes $150 million AI commitment. This partnership strengthens Rumble's "Freedom-First" ecosystem, a framework emphasizing privacy, independence, and resilience in technology infrastructure, as outlined by CEO Chris Pavlovski Rumble to acquire Northern Data in stock exchange deal.

Northern Data's shareholders, including Tether and co-CEO Aroosh Thillainathan's affiliates, control 72% of outstanding shares and have agreed to tender their stakes at the proposed exchange ratio Rumble to acquire Northern Data in stock exchange deal. The acquisition also includes a potential $200 million cash payment to shareholders if Northern Data successfully sells its Corpus Christi, Texas data center before the deal closes Rumble to acquire Northern Data in stock exchange deal. Despite Northern Data's current unprofitability and negative free cash flow, analysts note its 158% revenue growth over the past year and a projected return to profitability in 2026 Rumble to acquire Northern Data in stock exchange deal.

Rumble's stock surged over 25% in pre-market trading following the announcement, reflecting investor optimism about the company's pivot toward AI and cloud infrastructure Rumble (RUM) soars on $767M Northern Data deal; Tether pledges up to $250M; Q3 revenue misses — Nov. 10, 2025. The move aligns with broader industry trends as demand for data centers accelerates with the rise of AI applications. Rumble's third-quarter 2025 results showed a narrowed net loss of $16.3 million and $24.8 million in revenue, though user metrics dipped to 47 million monthly active users Rumble and Northern Data sign merger agreement as Tether makes $150 million AI commitment.

The transaction remains subject to regulatory approvals and an independent investigation into VAT-related allegations tied to Northern Data's offer documentation Rumble (RUM) soars on $767M Northern Data deal; Tether pledges up to $250M; Q3 revenue misses — Nov. 10, 2025. If completed, Northern Data will delist from public trading, and its shareholders will own approximately 30.4% of the combined company Rumble to acquire Northern Data in stock exchange deal.