Rumble has expressed interest in acquiring all outstanding shares of Northern Data through an all-stock exchange offer. Tether, the majority shareholder of Northern Data, supports the potential transaction. The deal would make Tether an important customer of Rumble, committing to purchasing GPUs. The potential offer includes terms where Northern Data shareholders would receive newly issued Class A Rumble shares in exchange for their shares. The transaction aims to create a global AI cloud leader by integrating Northern Data’s data center and GPU businesses into Rumble’s operations. Tether has indicated its support and commitment to the Potential Offer.

Read more at GlobeNewswire: Rumble Announces Intent to Acquire AI Company Northern