Rumble’s $1.17B Northern Data Buy with Tether’s $250M Pact
Rumble has agreed to acquire Northern Data AG in an all-share deal valued at $1.17B. The transaction adds about 22,400 Nvidia GPUs and expands cloud capacity to 180 MW across Europe. Tether, Northern Data’s largest stakeholder, backs the acquisition and pledges a $250M commitment: $150M for multi-year GPU services and $100M for a two-year advertising campaign promoting Rumble Wallet integration with USDT, XAUT, and BTC. Rumble’s $25M+ BTC treasury further strengthens its balance sheet. The deal, expected to close in Q2 next year, will leave Northern Data investors holding roughly 30% of the combined company. Traders should watch Rumble for potential cost savings, revenue growth from AI workloads, and continued share volatility as integration unfolds.
Bullish
Rumble’s acquisition of Northern Data and Tether’s $250M pact are likely to bolster the company’s AI cloud capacity and financial stability. In the short term, Rumble shares saw a 21% pre-market surge, driven by immediate expectations of expanded GPU supply and reduced reliance on third-party providers. Over the long term, the deal brings deeper integration of high-performance computing assets, a steady revenue stream from Tether’s GPU commitments, and marketing support for Rumble Wallet—factors that can support sustained growth in service revenue and user adoption. While integration risks and market competition remain, the overall impact on Rumble’s share price is expected to be bullish.