Tether-Backed Rumble Targets Billion-Dollar Takeover of Northern Data
Rumble has launched an all-stock bid to acquire Northern Data in a deal valuing the AI infrastructure firm at $1.17 billion. The transaction, supported by stablecoin issuer Tether, WOULD exchange each Northern Data share for 2.319 newly issued Rumble Class A shares.
Tether's involvement runs deep—the company already holds the largest stake in Northern Data and invested $775 million in Rumble last year to strengthen collaboration. Upon completion, Tether is expected to become Rumble's dominant Class A shareholder.
The proposed acquisition underscores the growing convergence between cryptocurrency backers and high-performance computing. Northern Data's AI operations complement Rumble's video platform, creating a vertically integrated technology play.
