Tether-Backed Rumble Targets Billion-Dollar Takeover of Northern Data

BTCC / BTCC Square / Global Cryptocurrency /

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2025-08-11 16:31:01

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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.

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