Video platform Rumble, which hosts U.S. President Donald Trump’s Truth Social, is weighing boosting its global AI cloud capabilities by acquiring Germany’s Northern Data , the companies said. Rumble said it was considering making an offer for the company which would give it control of Northern Data’s cloud business, Taiga, and its large-scale data center arm, Ardent, with plans to integrate both into its own operations. The Taiga cloud unit holds a significant inventory of Nvidia graphics processing unit (GPU) chips, including around 20,480 H100s and over 2,000 H200s, Rumble said. “Following consummation of the potential transaction, Tether would become an important customer of Rumble, with a multi-year commitment to purchase GPUs,” Rumble said. Under a potential exchange offer, Tether is expected to be Rumble’s largest single holder of its class A common stock and the majority of voting rights would continue to lie with Rumble CEO Chris Pavlovski, Rumble said. Tether currently owns 48% of Rumble, according to LSEG data. It invested $775 million in the video platform in December last year. Tether holds 54% of Northern Data, according to Rumble. Rumble is considering offering 2.319 shares for each Northern Data share, both companies said.
The proposed offer values Northern Data at about $18.3 per share, based on Reuters calculations, and represents a discount of about 32% to the German company’s last closing price in Frankfurt.

Full report : Rumble says it plans to acquire German AI cloud group Northern Data in an all-stock deal; estimates show the deal could be valued at ~$1.17 billion, a 32% discount.