An operation worth 1.17 billion dollars significantly changes the geography of digital infrastructures and global computing: Tether and Rumble have announced their intention to acquire the entire capital of Northern Data, with the declared goal of taking a central role in technologies related to artificial intelligence.
This move places the two entities among the new players in the race for AI, marking the entry of the stablecoin sector into the field of “big tech”. [Source: official Rumble press release, available on the company’s website] (Cointelegraph)
According to industry analysts, this operation represents one of the most important financial movements in the field of European artificial intelligence in 2024, shaping new balances in the global cloud computing market.
Inside the deal: figures, advantages, and new power balances
The agreement stipulates that each shareholder of Northern Data will receive 2.319 class A shares of Rumble in exchange for each share owned. In this way, the former shareholders of Northern Data will be granted a weight equal to 33.3% of the new corporate structure.
The valuation is based on a unit price of Rumble shares around 7.88 dollars, bringing the total amount of the operation to approximately 1.17 billion dollars. It should be noted that this figure may undergo changes related to the divestment of Northern Data’s mining division.
Tether, which holds a stake of around 54% in Northern Data, was already the main investor in both companies and in December 2024 made a strategic investment of 775 million dollars in Rumble.
At the same time, it granted Northern Data about 610 million dollars in loans. These figures highlight the intent to consolidate control in the new AI ecosystem, ranging from high-performance computing to the development of decentralized platforms.
According to data collected from internal sources, these investments will allow for a more effective synergy between high-performance computing infrastructures and artificial intelligence software solutions, accelerating the time-to-market for revolutionary applications.
[Financial data extracted from the official Rumble and Tether reports] (Tether, Rumble)A targeted strategy: Northern Data gets a makeover post-acquisition
Following the operation, the structure of Northern Data will be deeply reorganized:
- Taiga Cloud: the provision of high-performance cloud on GPU services will be enhanced, at the center of the new AI strategy;
- Ardent Data Center: further enhancement of data-driven infrastructures dedicated to artificial intelligence will be carried out;
- Peak Mining: the division dedicated to Bitcoin mining will be sold, allocating the proceeds to the financing of AI and HPC projects.
The main intent is to gradually abandon mining activities to focus resources and expertise on AI and advanced computing, aiming to position the entity as a European leader in the development of innovative technological solutions.
Industry operators confirm that the sale of the mining division is expected by the first half of 2025, representing a decisive shift towards sustainable and less energy-intensive innovation.
[News on the sale of the mining division and company strategy] (Decrypt, Bloomberg)Alliances and clash between giants: what changes for Tether, Rumble, and the future of digital?
With the completion of the agreement, Tether will control the majority stake in the ordinary shares of Rumble, thus becoming the main class A shareholder.
This will allow for an unprecedented integration between decentralized finance, cloud computing, and peer-to-peer network. On the international level, the synergy between Tether and Rumble could introduce new standards in terms of security, data management, and artificial intelligence applications.
It is important to emphasize that the actual completion of the operation is still subject to conditions, such as the sale of Northern Data’s mining division and obtaining regulatory approvals in the United States and Germany.
Legal and financial experts emphasize how the regulatory authorizations implemented reflect a growing regulatory focus on the implications of AI combined with digital assets and advanced cloud infrastructures.
[Current state of the agreement and regulatory approvals] (The Block)Northern Data Shareholders: direct access to the Rumble revolution
The transfer of shares will grant former Northern Data partners a one-third ownership stake in Rumble, ensuring them a prominent position in future strategic decisions. This represents a significant change of scenery in the European tech landscape, offering a direct challenge to the American and Asian giants in the AI sector.
Tech mergers increasingly aggressive: Northern Data and the new frontiers of digital alliances
This latest operation is among the most significant cases of aggregation in the European IT sector of 2025. The merger between cloud services, data centers, and digital financial assets opens up prospects for cross-sector alliances capable of transforming the industry, following the global trajectory of Big Tech towards the crypto world.
Market analysts highlight that over 42% of technological M&A operations in Europe in 2024 involved startups or companies active in the field of artificial intelligence and blockchain, confirming the strategic centrality of the sector.
Future projects and ambitions: the Tether–Rumble axis aims at decentralized AI
In the coming months, pioneering developments are expected in the sectors of AI, blockchain, secure data storage, and peer-to-peer networks. The introduction of stablecoin will strengthen the offering of high value-added digital services, accelerating digital transformation in the financial, telecommunications, and media sectors.
FAQ – Everything you need to know about Northern Data and the mega-acquisition
- When will the transition be completed? The agreement will become effective only after the sale of the mining division and the release of regulatory approvals in the USA and Germany.
- How does the shareholder structure change? The former shareholders of Northern Data will hold about 33.3% of Rumble and will actively engage in new AI projects.
- What is the practical impact on AI infrastructures? An immediate strengthening of high-level technological resources and a boost to the development of AI platforms and decentralized systems is expected.
- Where to find verified updates? It is recommended to consult the official sites of Tether and Rumble, as well as main sources like Bloomberg, Reuters, and Cointelegraph.
The long wave of the agreement: among new challenges, blockchain, and AI revolution
In a context of increasingly significant mergers and acquisitions in the technology sector, the operation of over a billion dollars between Tether and Rumble represents a significant step towards a more decentralized, rapid, and interconnected future. The increasingly marked entry of large financial operators into AI infrastructures places Europe at the center of a new “digital war” with an outcome yet to be defined.
Note: to ensure maximum accuracy, it is suggested to refer to official company channels and major international news agencies.
