Rumble proposes to acquire Northern Data's AI cloud arms Taiga and Ardent in a $1.17B all-stock deal, while ND sells its crypto mining unit for $235M; Tether’s backing fuels strategic expansion.
Rumble announced its proposal to acquire Northern Data's cloud business, Taiga and Ardent, in a $1.17B all-stock deal, with Tether supporting the acquisition through a multi-year GPU procurement agreement. In a separate deal, Northern Data will sell its crypto mining business, Peak Mining, to Elektron Energy for $235M. Additionally, Rumble, a YouTube rival, holds 210.8 BTC valued at over $25M and saw its shares rise 3% on Monday despite a 34% decline year-to-date.