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Rumble to Acquire Germany’s Northern Data in $767 Million AI Cloud Deal

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Rumble, the U.S.-based video platform that also hosts Donald Trump’s Truth Social, announced on Monday that it will acquire German AI cloud company Northern Data in an all-stock deal worth about $767 million, sending Rumble’s shares up more than 25% in premarket trading.

Under the terms of the agreement, Northern Data shareholders will receive 2.0281 newly issued Rumble Class A shares for each share held, representing a 12.99% discount to Northern Data’s last closing price. The acquisition gives Rumble access to Northern Data’s AI computing arm, Taiga, and its large-scale data center unit, Ardent.

The deal also includes a $150 million GPU-leasing agreement with Tether, the cryptocurrency firm that owns roughly 48% of Rumble, as well as $200 million in tax liability support from Rumble. Upon completion, Rumble will gain control of 22,400 Nvidia GPUs, significantly boosting its AI computing capacity.

Tether, which invested $775 million in Rumble in December 2024, has agreed to become an anchor customer of the combined group, supporting long-term AI infrastructure demand.

Following the merger, Northern Data shareholders will hold 30.4% of the new company, which will operate under Rumble’s name. The deal is expected to close in the second quarter of 2026, after which Northern Data will delist from the stock market.

Northern Data had withdrawn its 2025 forecast in October amid volatility in the GPU market, but the merger positions both companies to capitalize on rising global demand for AI data centers.

Rumble Eyes $1.2 Billion Deal for Germany’s Northern Data

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Video-sharing platform Rumble (RUM.O), which hosts former U.S. President Donald Trump’s Truth Social, is exploring a $1.17 billion acquisition of German tech firm Northern Data (NB2.DE) to expand its global AI cloud infrastructure.

The potential deal would give Rumble control of Northern Data’s Taiga cloud business, which owns a vast inventory of high-performance Nvidia GPUs (20,480 H100s and over 2,000 H200s), as well as its Ardent data center operations. Rumble plans to integrate these into its existing services.

As part of the transaction, Tether, the world’s largest stablecoin issuer, would become a key customer with a multi-year GPU purchase commitment. Tether, which already owns 48% of Rumble and 54% of Northern Data, invested $775 million in Rumble in December 2023. Under the proposed structure, Tether would emerge as the largest single holder of Rumble’s Class A common stock, while CEO Chris Pavlovski would retain majority voting control.

Rumble is considering offering 2.319 shares for each Northern Data share, valuing the German company at around $18.3 per share—a 32% discount to its recent Frankfurt closing price. If accepted, Northern Data shareholders would hold about 33.3% of Rumble.

Northern Data’s board confirmed it is reviewing the proposal and remains open to discussions, though both companies stressed that talks may not result in a formal offer. Meanwhile, Northern Data would sell its crypto mining unit, Peak Mining, and use proceeds to repay part of a €575 million loan from Tether.

Rumble, which went public in 2021 through a SPAC deal, counts Peter Thiel and Narya Capital (co-founded by U.S. Vice President JD Vance) among its early investors.

If completed, the acquisition would significantly boost Rumble’s AI cloud capabilities and deepen ties between Rumble, Northern Data, and Tether in the fast-growing GPU-driven infrastructure market.

CoreWeave Gains Role in Google-OpenAI Cloud Deal to Supply AI Computing Power

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CoreWeave, a specialized cloud computing company built on Nvidia GPUs, has become a key provider in Google’s new partnership with OpenAI, sources told Reuters. Under the deal, CoreWeave will supply computing capacity to Google Cloud, which will then sell these resources to OpenAI to support growing demand for AI services such as ChatGPT. Google will also contribute some of its own computing infrastructure directly to OpenAI.

This arrangement underscores the evolving relationship between major cloud hyperscalers like Google, Microsoft, and Amazon and emerging “neocloud” providers like CoreWeave, which focus heavily on AI workloads. CoreWeave went public in March and already has a significant presence in OpenAI’s infrastructure, holding a five-year $11.9 billion contract and an equity investment of $350 million from OpenAI.

The partnership was expanded last month with an additional agreement worth up to $4 billion through 2029. Bringing Google Cloud onboard as a customer helps CoreWeave diversify its revenue while leveraging Google’s deep pockets to secure better financing for data center expansions. For Google, it enhances its cloud business by tapping into the surging AI market and positions it as a neutral provider of compute resources amid competition with Amazon and Microsoft.

CoreWeave’s stock has surged over 270% since its IPO, reflecting strong investor confidence despite concerns over leverage and GPU demand shifts. Meanwhile, Microsoft, CoreWeave’s former largest customer, is reconsidering its data center strategy and renegotiating investment terms with OpenAI.

Neither CoreWeave, Google, nor OpenAI commented on the details of the deal.