**[Tether-backed Rumble Signs Merger Agreement with Northern Data, Becoming a European AI Computing Power Giant]** BlockBeats News, November 10: U.S.-based video and cloud platform Rumble has signed a business merger agreement with Frankfurt-listed artificial intelligence and high-performance computing infrastructure company Northern Data. Rumble will initiate a voluntary public share exchange acquisition for all outstanding shares of Northern Data. Through this merger, Rumble will acquire one of Europe’s largest GPU asset portfolios, expanding its footprint in the cloud computing and artificial intelligence sectors. The deal also strengthens Rumble’s partnership with Tether, which has committed to providing substantial customer and commercial support for the transaction. Under the acquisition offer, each Northern Data share can be exchanged for 2.0281 newly issued Rumble Class A shares, with no minimum acceptance threshold—meaning the transaction can proceed even if only a small number of shareholders accept the offer. However, this ratio is lower than the 2.319 shares proposed when Rumble first announced the acquisition plan in August this year, which at the time valued the potential transaction at approximately $1.17 billion. The transaction is expected to be completed in the first or second quarter of 2026, depending on regulatory approvals and other conditions. Upon completion, Northern Data shares will be delisted. If all outstanding shares participate in the exchange, Northern Data shareholders will hold approximately 30.4% of the merged company. After the transaction, Rumble will also assume Northern Data’s shareholder loan of approximately €610 million (equivalent to $705 million) owed to Tether. Half of the loan will be converted into Rumble shares at a price of $7.88 per share, while the remaining portion will be refinanced through new secured loans provided by Tether.