Rumble, a video platform and Bitcoin treasury firm, is seeking to expand by acquiring Northern Data, a German AI cloud firm, in a proposed $1.17 billion all-stock transaction. Tether, which holds a controlling stake in Northern Data, is supporting this acquisition. The deal aims to enhance Rumble's AI cloud capabilities while allowing Tether to become a significant customer, committing to purchase GPUs in the future. In a separate transaction, Northern Data announced its intention to sell its Bitcoin mining business, Peak Mining, for $235 million to Elektron Energy. Rumble, traded under the ticker RUM on Nasdaq, emphasizes free speech and has gained popularity among conservative content creators. The company has made significant investments in cryptocurrency, holding 210.8 BTC valued over $25 million. As Tether continues to expand its operations, the collaboration with Rumble is seen as strategically beneficial for both parties, providing stability in the evolving digital currency landscape.

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