Rumble Mulls €1B Northern Data Takeover as Peak Mining Set for $235M Sale

Key Points

1. Rumble Inc. is exploring an all-stock acquisition of Northern Data, offering 2.319 newly issued Rumble Class A shares for each Northern Data share tendered.

2. Northern Data shareholders would own about 33.3% of the combined company if all outstanding shares are exchanged.

3. Northern Data has signed a non-binding agreement to sell its Peak Mining unit for up to $235 million, with $175 million upfront and the remainder to be paid later.

4. The acquisition would integrate Northern Data's Ardent data-center operations and Taiga GPU-as-a-service platform into Rumble's cloud business.

5. Northern Data owns five data center sites with a potential energized capacity of nearly 850 megawatts.