Rumble (RUM) shares jumped 21% in pre-market trading after saying it agreed to buy AI and high-performance-computing firm Northern Data AG (NB2), and stablecoin issuer Tether committed to buying up to $150 million of GPU services from the combined company.
Longboat Key, Florida-based Rumble said it expected the all-share acquisition to be complete in the second quarter of next year. Investors in Frankfurt-based Northern Data will receive 2.0281 new Rumble shares for each NB2 share they own, and will end up with about 30% of the combined company. Tether and other major Northern Data shareholders representing more than 70% of the stock committed to accepting the offer.
The deal will give Rumble another 22,400 Nvidia GPUs and expand its cloud capacity to nearly 180 MW while strengthening its presence in Europe. Northern data shares soared 47% during Monday’s session, taking its market cap to about $1.3 billion.
Tether’s agreement to buy services from Rumble after the deal is complete gives the world’s largest stablecoin issuer access to high-performance compute power for its decentralized AI infrastructure, reducing reliance on major cloud providers and supporting its broader push to build independent AI systems. It builds on Tether’s earlier $775 million strategic investment in Rumble.
Tether also said it would spend $100 million on a two-year advertising campaign to drive adoption of Rumble Wallet. The campaign will integrate Rumble Wallet with Tether’s USDT, XAUT and BTC products, expand monetization options for creators who prioritize free speech and accelerate Rumble’s advertising and ecosystem growth.
