Video platform Rumble, which hosts U.S. President Donald Trump’s social media platform Truth Social, ​said in a statement on Monday it is acquiring German AI ‌cloud company Northern Data in an all-stock deal valued at roughly $767 million. Rumble’s shares surged ‌more than 25% in premarket trading. Northern Data’s shareholders will receive 2.0281 newly issued Class A shares of Rumble for each share they hold – a 12.99% discount to Northern Data’s close on Friday. Rumble had ⁠made an offer in August ‌to acquire Northern Data, seeking control of the German company’s Taiga business and its large-scale data center arm, ‍Ardent. At that time, Rumble had put forth an offer of 2.319 shares for each Northern Data share. The current deal with Rumble includes a $150 million GPU-leasing ​agreement with cryptocurrency group Tether, which currently owns 48% of ‌Rumble, according to data compiled by LSEG, as well as $200 million in tax liability support from Rumble. Rumble will also acquire 22,400 Nvidia graphics processing units on deal completion.

Full report : Rumble says it will acquire German AI infrastructure company Northern Data, set to close in Q2 2026; both companies are backed by Tether.