Rumble to Acquire Northern Data in $767 Million All-Stock Deal

Video platform and cloud services provider Rumble has agreed to acquire German AI and data center company Northern Data in an all-stock transaction valued at about $767 million, reports Data Center Dynamics. The agreement covers Northern Data’s colocation and cloud operations, with completion targeted for the second quarter of 2026.

Under the terms, Northern Data shareholders will receive 2.0281 newly issued Rumble Class A shares for each Northern Data share, along with a total cash payout of $200 million. The deal also includes a two-year GPU leasing agreement worth up to $150 million with Tether, a major shareholder in both companies. Following completion, Northern Data shareholders will hold roughly 30 percent of Rumble’s shares, and Northern Data will delist from the stock exchange.

Northern Data’s infrastructure includes more than 22,000 GPUs through its Taiga Cloud business and around 250MW of capacity across eight global data centers operated by its Ardent Data Centers unit. The company recently divested its cryptomining division and sold its stake in Lancium for $30 million. Rumble said the acquisition will expand its cloud capabilities by adding one of Europe’s largest GPU estates to its portfolio.

Tether, Northern Data co-CEO Aroosh Thillainathan, and other major shareholders representing about 72 percent of Northern Data’s shares have agreed to tender their holdings to Rumble.