US-listed video platform Rumble is weighing a potential acquisition worth roughly $1.17 billion (€1 billion) for German AI cloud provider Northern Data AG, as confirmed by statements from both firms and Reuters calculations.
The proposed deal would merge Northern Data’s data centre operations and GPU cloud business—which includes a large number of Nvidia GPUs—into Rumble’s existing infrastructure.
Under the preliminary terms, Rumble is considering offering 2.319 shares for each Northern Data share, valuing the German company at approximately $18.3 per share (€15.69). This figure reflects about a 32% discount compared to Northern Data’s most recent closing price.
Rumble noted that the transaction would proceed only if Northern Data’s Peak Mining unit is divested before finalisation.
Tether, Northern Data’s majority shareholder, has voiced its support for the potential deal. However, both companies emphasised that there is no guarantee the discussions will lead to a formal acquisition offer.
