RUM Group expects to increase its ownership of Northern Data from 85.2% to approximately 98% by acquiring additional shares from Tether Investments under an existing Transaction Support Agreement. RUM Group also intends to begin squeeze-out proceedings under the German Stock Corporation Act for the remaining approximately 2%, which would bring ownership to 100% if completed. Tether reported on Sept. 2 that it had agreed to acquire 8,256,155 Northern Data shares, which RUM Group expects can be exchanged for newly issued pre-funded warrants around Sept. 30 at a ratio of 2.0281 RUM Class A shares per Northern Data share. The announcement follows a previously disclosed $13.7 billion GPU services agreement for RUM Group’s Maysville, Georgia, site.