$TREE 🪙 Tether and video platform Rumble plan to fully acquire Northern Data for $1.17 billion, with the transaction to be settled in Rumble shares.

Tether already holds a controlling stake in Northern Data (around 54%) and approximately 31% of Rumble shares, valued at about $775 million.

Northern Data owns Taiga Cloud, the largest GPU cloud cluster in Europe, equipped with over 20,480 NVIDIA H100 and more than 2,000 of the latest NVIDIA H200 processors for AI training, as well as the Ardent Data Centers network with a total capacity of up to 850 MW, including a major 180 MW facility in Georgia, USA.