The video streaming company said it would acquire all of the German AI and computing firm’s equity, with Northern Data investors receiving 2.0281 Rumble shares for every share they own. Northern Data shareholders could also receive another US$200 million in cash contingent on the sale of Northern Data’s data centre in Texas. (The Logic)
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The video streaming company said it would acquire all of the German AI and computing firm’s equity, with Northern Data investors receiving 2.0281 Rumble shares for every share they own. Northern Data shareholders could also receive another US$200 million in cash contingent on the sale of Northern Data’s data centre in Texas. (The Logic)
Talking point: With this acquisition, Rumble would gain access to a large portfolio of graphics processing units, including more than 22,000 specialized Nvidia chips. Last year, it raised US$775 million in a deal led by crypto holding company Tether. Also on Monday, Rumble announced that Tether had also made a US$100-million advertising commitment, and will buy US$150 million in GPU services from the streaming company. Northern Data shares leapt more than 30 per cent on Monday, while Rumble’s shares on the Nasdaq were up more than 11 per cent.
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