Tether and Rumble have proposed to acquire all shares of AI infrastructure operator Northern Data for $1.17 billion, positioning Tether as Rumble’s primary shareholder. This acquisition aims to enhance Northern Data’s operations in artificial intelligence (AI) and high-performance computing (HPC). The deal includes the expectation that each Northern Data shareholder will receive newly issued Rumble shares, resulting in approximately 33.3% ownership transfer to them. The total valuation of Northern Data stands at roughly $1.17 billion, based on Rumble’s stock performance. Moreover, the acquisition deal will allow Tether to become the largest holder of Rumble’s Class A common stock and will involve adjustments related to their Bitcoin mining unit, Peak Mining. Previously, Tether and Rumble had strengthened their collaboration with initiatives involving USDT-supported wallets, signaling broader future plans in AI, data storage, and peer-to-peer communications.

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