Rumble ( RUM ) shares jumped 21% in pre-market trading after it said it agreed to buy AI and high-performance computing firm Northern Data AG ( NB2 ) and stablecoin issuer Tether committed to buy up to $150 million of GPU services from the combined company.
Longboat Key, Fla.-based Rumble said it expected the acquisition of all shares to be completed by 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 an additional 22,400 Nvidia GPUs and expand its cloud capacity to nearly 180 MW, while strengthening its presence in Europe. Northern data shares rose 47% during Monday’s session, bringing its market capitalization to about $1.3 billion.
Tether’s agreement to buy services from Rumble after the deal closes gives the world’s largest stablecoin issuer access to high-performance computing power for its decentralized AI infrastructure, reducing reliance on large cloud providers and supporting its broader push to build independent AI systems. It builds on Tether’s previous $775 million strategic investment in Rumble.
Tether also said it would spend $100 million on a two-year advertising campaign to promote Rumble Wallet adoption. The campaign will integrate Rumble Wallet with Tether’s USDT, XAUT, and BTC products, expand monetization opportunities for creators who prioritize freedom of expression, and accelerate Rumble’s advertising and ecosystem growth.
