Key facts
- Rumble Inc. has entered into a definitive agreement to acquire Northern Data AG.
- The all-stock transaction is valued at approximately $767 million.
- The acquisition will add around 22,400 Nvidia H100 and H200 processors to Rumble's cloud infrastructure.
- The deal aims to expand Rumble's capabilities in AI and high-performance computing.
- Tether Ltd. is providing $150 million in GPU leasing contracts and will be a key customer.
Rumble Inc. has entered into a definitive agreement to acquire Northern Data AG, a German company specializing in AI and high-performance computing (HPC) infrastructure, in an all-stock transaction valued at approximately $767 million. The deal, expected to close in the second quarter of 2026 pending approvals, will significantly expand Rumble's cloud and AI capabilities by integrating Northern Data's assets, including roughly 22,400 Nvidia H100 and H200 processors and up to 180 megawatts of operational capacity across data centers in Germany, the Netherlands, and the United States.
Northern Data shareholders will receive 2.0281 newly issued Class A shares of Rumble for each Northern Data share, which is expected to result in them owning approximately 30% of the combined company. This strategic move is part of Rumble's vision to build a 'Freedom-First' technology platform, emphasizing freedom, privacy, independence, and resilience, and aims to counter the dominance of Big Tech in AI infrastructure.
Chris Pavlovski, Chairman and CEO of Rumble, stated that the combination with Northern Data and Tether is foundational for building the future AI ecosystem. John Hoffman, co-CEO of Northern Data, highlighted that the merger creates a disruptive force in the AI infrastructure market, underpinned by large-scale GPU deployments and a commitment to customer enablement.
The transaction is supported by Tether Ltd., the stablecoin issuer, which has committed $150 million in GPU leasing contracts over the next two years and is anticipated to be a key customer for Rumble Cloud. Northern Data, which plans to delist from the Frankfurt Stock Exchange post-merger, has a history of collaborating with Nvidia and Tether on large-scale GPU deployments.
Following the announcement, Rumble's shares saw a surge of over 25% on the Nasdaq, indicating positive investor sentiment towards the company's expansion into AI infrastructure.