Tether-Backed Rumble Acquires Northern Data in All-Share Deal – $1B+ AI Infrastructure Play

Rumble acquisition of Northern Data marks a bold expansion for the video platform into AI and cloud computing, as it agrees to buy the German high-performance computing firm in an all-share deal valued at over $1 billion, leveraging Tether’s backing to scale its infrastructure and support Truth Social hosting.

The Deal: All-Share Offer for Northern Data’s GPU Empire

Rumble announced on November 4, 2025, a voluntary public exchange offer to acquire Northern Data Group, offering approximately two Rumble shares for each Northern Data share. If accepted by all shareholders, they would own about 30% of the combined company post-closure. The transaction, subject to regulatory approval, aims to consolidate Rumble’s cloud ambitions with Northern Data’s 22,400 Nvidia GPUs (mostly H100 and H200 chips) and four data centers, including a 180-megawatt site in Maysville, Georgia, set to go live soon.

As part of the structure, Rumble will issue new shares to Northern Data holders, valuing the deal at around $1.1 billion based on Rumble’s current $3.7 billion market cap. This all-share approach avoids cash outlays, aligning with Rumble’s strategy to leverage Tether’s $5 billion+ treasury for growth without dilution.

• Share Ratio: 2 Rumble shares per 1 Northern Data share.
• Post-Deal Ownership: Northern Data shareholders ~30% of combined entity.
• Valuation: ~$1.1B; regulatory approvals pending.

Strategic Fit: Rumble’s AI and Cloud Push with Tether Backing

Rumble, backed by Tether’s $775 million investment in 2024, is accelerating its pivot from video hosting to AI infrastructure. Northern Data’s GPU fleet and data centers will power Rumble’s cloud services, supporting high-demand applications like Truth Social’s backend and AI model training. CEO Chris Pavlovski stated: “This acquisition gives Rumble one of Europe’s largest GPU fleets and four data hubs, positioning us to dominate AI and cloud for creators and users.” The deal enhances Rumble’s 1 million+ daily active users, enabling scalable content generation and ad targeting amid a $500 billion+ AI market.

Tether’s involvement, through its treasury and Bitfinex ties, provides financial firepower, with the stablecoin giant holding $117 billion in assets. As stablecoins process $27 trillion annually, this acquisition strengthens Rumble’s position in gold-backed payments and AI gold custody.

Implications for AI and Crypto Infrastructure: $1B+ GPU Play

Northern Data’s assets, including 22,400 Nvidia GPUs and 180MW capacity, position the combined entity as a major AI infrastructure provider, rivaling CoreWeave and Lambda. This comes as AI compute demand surges 10x yearly, with gold’s role in stablecoin backing adding a unique angle. The acquisition supports Truth Social’s growth, potentially unlocking $1 billion+ in enterprise contracts for gold-staked AI services.

2025 Rumble Stock Price Prediction: $10-$15 Consensus

Rumble stock price prediction for 2025 targets $10-$15, with 100% upside on AI expansion. Changelly $8-$10; CoinDCX $12. Bull catalysts: GPU integration; bear risks: Volatility testing $7 support.

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