Rumble plans to acquire Northern Data, offering shareholders Class A shares in exchange for their Northern Data shares. The merged entity aims to lead in AI with a focus on data privacy. Tether supports the acquisition, intending to sell its stake in Northern Data for Rumble shares and become a key customer post-transaction.

Northern Data’s assets include Nvidia GPUs and data centers. Tether, a major player in digital assets, plans to increase its investment in Rumble and enter a multi-year GPU purchase agreement. Guggenheim Securities and Willkie Farr & Gallagher LLP are advising Rumble on the acquisition. Rumble anticipates significant growth in AI cloud services post-transaction.

Read more at Yahoo Finance: Rumble announces intention to buy Northern Data