Tether and Rumble dem propose $1.17B Northern Data Acquisition
Tether and Rumble dem come together propose to buy Northern Data for $1.17 billion to control the AI and high-performance computing company. According to di deal, every Northern Data share go turn to 2.319 new Class A shares for Rumble, and dat put Northern Data value for $18.27 per share. After im close, Northern Data people dem go get 33.3% share for Rumble, and Tether go become di biggest Class A shareholder. Di proposal include to pay back Tether’s €575 million loan inside Northern Data and build on di earlier $775 million wey dem invest for Rumble. Northern Data plan make e sell im Peak Mining bitcoin business and put money again for Taiga Cloud GPU services and Ardent Data Center AI/HPC infrastructure. Di aim of this Northern Data acquisition na to boost AI infrastructure and HPC power, reduce bitcoin mining wahala, and make sure say e dey financially stable for long term.
Neutral
Dis acquirement show how Tether and Rumble don change from bitcoin mining come AI and high-performance computing. Dem loan refinance and di investments wey dem do before make their financial support strong. For traders, no immediate reason dey wey fit make BTC or USDT price move, because di selling of Peak Mining reduce mining exposure but e no change how supply balance be. For short term, market no too react. For long term, better AI infrastructure fit boost demand for HPC services and data center tokens, but these sectors still dey different from main crypto spot markets. So, di overall impact on BTC and USDT prices na neutral.