ChainCatcher News, video sharing platform Rumble (NASDAQ: RUM) will acquire German artificial intelligence company Northern Data, with a transaction amount of approximately $1.17 billion. The deal is expected to be completed by the end of 2025, using an all-stock transaction method.

The transaction has the support of Northern Data's largest shareholder, Tether, and is conditional on its sale of subsidiary Peak Mining to repay Tether loans. After the transaction is completed, Tether will become one of Rumble's largest Class A shareholders and plans to engage in long-term GPU collaboration with it.