U.S. video platform and cloud player Rumble is making waves in Europe with a potential $1.17 billion bid for German AI cloud heavyweight Northern Data. The proposed deal, confirmed by both companies, would give Rumble control of Northern Data’s GPU-rich Taiga cloud division and its massive Ardent data center network.
Taiga’s hardware arsenal is nothing short of a supercomputing dream — around 20,480 Nvidia H100 GPUs and over 2,000 H200s, putting it among the world’s most formidable AI infrastructure operators.
The Deal on the Table
Rumble’s current pitch: 2.319 Rumble shares for each Northern Data share, valuing the German company at $18.30 per share — a steep 32% discount from its last Frankfurt close. If accepted, Northern Data shareholders would own about a third (33.3%) of Rumble.
Both sides hint that a higher final offer could emerge, but there’s no guarantee talks will lead to a signed deal.
Northern Data’s majority shareholder, Stablecoin giant Tether, is backing the talks — with one condition. The German firm’s crypto mining unit would be sold off before closing, with proceeds used to pay down a Tether loan. Post-deal, Tether is set to become one of Rumble’s biggest GPU customers under a multi-year agreement.
If sealed, the acquisition would turbocharge Rumble’s AI cloud ambitions while expanding its footprint far beyond streaming. But with the offer still at an early stage — and with that eyebrow-raising discount — the big question is whether Northern Data’s board will bite.
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