Rumble to buy crypto miner Northern Data after Tether investment

Reports said that the AI infrastructure purchase would be valued at about $767 million as part of a stock deal, about three months after a planned acquisition with Tether.

Video-sharing platform Rumble announced a business combination agreement with AI infrastructure company Northern Data, following its deepening financial ties with stablecoin issuer Tether.

In a Monday notice, Rumble said it would acquire Northern Data following its August announcement with Tether as part of a joint venture to purchase the AI infrastructure company. Reuters reported that the acquisition would be valued at about $767 million as part of a stock deal between Rumble and Northern Data.

Tether invested $775 million into Rumble in December 2024, citing the platform’s “fundamental values of freedom of speech and financial freedom,” according to Paolo Ardonio, CEO of the stablecoin issuer.

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