Rumble Expands AI & HPC with Northern Data Acquisition

Rumble, the video-sharing and cloud services firm, is set to acquire Northern Data, an AI and high-performance computing (HPC) infrastructure provider. The deal, involving a stock exchange, aims to bolster Rumble’s position in the global AI cloud market.

• Rumble's acquisition of Northern Data involves a stock exchange offer, with Northern Data shareholders receiving 2.319 Rumble shares per share held.
• Northern Data's assets include five data centers with 850 MW capacity and Taiga, a GPU-as-a-service platform with over 20,000 Nvidia GPUs.
• Tether, holding 54% of Northern Data, will become Rumble's largest Class A shareholder post-transaction and enter a multi-year GPU purchase agreement.

📎 Read the original article on cryptoslate.com