TLDR: U.S. video platform and cloud services provider Rumble is considering a roughly $1.17 billion (1 billion euros) bid to acquire German AI cloud firm Northern Data. The potential deal aims to integrate Northern Data’s GPU-heavy Taiga cloud unit and large-scale data centers into Rumble’s operations, significantly boosting its AI cloud capabilities. Tether, Northern Data’s majority shareholder, supports the transaction and is expected to become a major customer for Rumble’s GPUs.
Rumble, the U.S.-listed video platform and cloud services provider, is actively exploring a significant acquisition, with a potential offer of approximately $1.17 billion (1 billion euros) for Northern Data AG, a prominent German AI cloud group. This strategic move, announced by both companies on August 10-11, 2025, signals Rumble’s ambition to substantially enhance its global AI cloud infrastructure.
The proposed transaction would grant Rumble control over Northern Data’s key assets, including its Taiga cloud business and its large-scale data center arm, Ardent. The Taiga cloud unit is particularly notable for its substantial inventory of Nvidia graphics processing unit (GPU) chips, reportedly including around 20,480 H100s and over 2,000 H200s. Rumble plans to fully integrate these operations into its existing framework.
Under the terms of the potential exchange offer, Rumble is considering offering 2.319 of its shares for each Northern Data share. Based on Reuters calculations, this proposal values Northern Data at approximately $18.3 per share, representing a discount of about 32% to the German company’s last closing price in Frankfurt. Should the deal proceed on these terms, Northern Data shareholders would collectively own roughly 33.3% of Rumble’s shares. Both companies have indicated that any final offer, if made, is anticipated to come at a higher valuation.
A crucial aspect of the deal involves Tether, the stablecoin platform, which is the majority shareholder of Northern Data, holding 54% of the company. Tether has expressed its support for the transaction. Following the potential acquisition, Tether is expected to become a significant customer for Rumble, committing to a multi-year agreement to purchase GPUs. Furthermore, the proposal assumes that Northern Data’s crypto mining unit, Peak Mining, would be divested prior to the completion of the deal, with the proceeds used to repay an existing loan from Tether.
Both Rumble and Northern Data have emphasized that while discussions are ongoing, there is no certainty that these talks will ultimately result in a formal offer for the German group. The offer launch would also be subject to due diligence, among other conditions.
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While the initial news snippet mentioned the involvement of six prominent law firms, including Willkie, Latham, and Skadden, the detailed articles found through the internet search did not specify the legal advisors involved in this particular bid.
