Rumble Explores Acquisition of Northern Data to Enhance AI Cloud Capabilities Amid Bitcoin Treasury Strategy
Main Idea
Rumble is acquiring Northern Data for $1.17 billion to enhance its AI cloud capabilities, with Tether supporting the deal and committing to a multi-year GPU purchase agreement.
Key Points
1. Rumble is set to acquire Northern Data for $1.17 billion to expand its AI cloud capabilities.
2. The acquisition includes Northern Data’s cloud business, Taiga, and its data center arm, Ardent.
3. Tether, which holds a controlling stake in Northern Data, supports the deal and will commit to purchasing GPUs from Rumble.
4. Rumble currently holds 210.8 BTC, valued at over $25 million.
5. The deal aims to bolster Rumble’s AI capabilities and solidify a strategic partnership with Tether.
Description
Rumble is set to acquire Northern Data for $1.17 billion to enhance its AI cloud capabilities, with Tether supporting the deal. Rumble’s acquisition includes Northern Data’s cloud business, Taiga, and
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