- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
Tether-Backed Rumble Signs Merger Agreement with Northern Data, Emerging as a European AI Computing Powerhouse
BlockBeats News, November 10th, the U.S. video and cloud platform Rumble signed a business merger agreement with Frankfurt-listed artificial intelligence and high-performance computing infrastructure company Northern Data. Rumble will initiate a voluntary public stock swap acquisition of all outstanding shares of the latter.
Through this merger, Rumble will gain access to one of Europe's largest GPU asset portfolios, expanding its presence in cloud computing and artificial intelligence. The transaction also deepens Rumble's collaboration with Tether, the latter committing to provide substantial customer and business support for the deal.
Under the acquisition offer, each Northern Data share can be exchanged for 2.0281 shares of newly issued Rumble Class A stock, with no minimum acceptance threshold set—meaning the transaction can proceed even if only a small number of shareholders accept the offer. However, this ratio is slightly lower than the 2.319 shares proposed when Rumble first announced the acquisition plan in August this year, with a potential transaction valuation of around $1.17 billion.
This transaction is expected to be completed in the first or second quarter of 2026, depending on regulatory approval and other conditions. At that time, Northern Data's shares will be delisted. If all outstanding shares participate in the stock swap, Northern Data shareholders will hold approximately 30.4% of the merged company. After the transaction, Rumble will also take over Northern Data's €610 million (approximately $705 million) shareholder loan owed to Tether. Half of this loan will be converted into Rumble stock at a price of $7.88 per share, and the remaining portion will be refinanced through a new collateralized loan provided by Tether.
You may also like
What the Tightest Part of the LALIGA Season Teaches About Crypto Trading Under Pressure
As pressure builds late in the LALIGA season, decision quality becomes the real differentiator. The same logic applies to disciplined crypto trading under volatility.
Massachusetts Judge Prohibits Kalshi from Offering Sports Bets
Key Takeaways A judge in Massachusetts has prohibited the prediction markets platform, Kalshi, from facilitating sports betting within…
Crypto’s Next Challenge: Privacy and the Chicken-Egg Dilemma
Key Takeaways Privacy is becoming a central issue as cryptocurrencies move into traditional banking and state-backed systems. Regulatory…
Original Content Blocked: Importance of API Management
Key Takeaways: API management is crucial in preventing disruptions due to excessive requests. Implementing effective controls and monitoring…
VF-26 Unveiled: Zoomex and TGR Haas F1 Team Enter New Phase of Collaboration in 2026
Key Takeaways The unveiling of the VF-26 race car marks a new phase in the TGR Haas F1…
If I Were the Founder of Kaito, How Would InfoFi 2.0 Survive?
Key Takeaways InfoFi’s collapse highlighted the dangers of relying heavily on centralized platforms. The InfoFi project faces five…
Why Can Coinbase Halt a CLARITY Act Vote with Just One Sentence?
Key Takeaways Coinbase CEO Brian Armstrong’s opposition to the Clarity Act halted a critical Senate vote, showcasing the…
Error Occurred Due to Excessive API Requests
Key Takeaways: – Excessive API requests can result in blocked access, highlighting the importance of managing request rates…
Only KYC Can Stop Insider Trading on Prediction Markets, Messari Says
Key Takeaways KYC regulations are essential in curbing insider trading on prediction platforms but are not foolproof. Non-KYC…
US Crypto Market Structure Bill Stalled as Industry Withdraws Support
Key Takeaways: The US crypto market structure bill has faced significant delays due to disagreements among lawmakers and…
Error Handling in the Age of APIs: A Thorough Insight
Key Takeaways API requests may face rate limits leading to error messages when exceeded. Proper API key usage…
Request Limitation Issues with API Integrations
Key Takeaways: Excessive requests can lead to blocked access when interfacing with certain APIs. Effective management of API…
WEEX Crypto News and the Dynamics of API Access
Key Takeaways Managing API access effectively is crucial for seamless data extraction in cryptocurrency markets. Understanding rate limits…
Meme Coins Tumble: WhiteWhale and Others Face Severe Losses
Key Takeaways WhiteWhale has experienced a significant decline, dropping by 75% from its peak. The market correction has…
Federal Judge Blocks SBF’s Second Request for Pretrial Release
Key Takeaways A federal judge has denied the second request from Sam Bankman-Fried (SBF) for pretrial release. The…
Market Correction Halts Meme Coin Rally: WhiteWhale Suffers Massive Losses
Key Takeaways WhiteWhale experiences a significant price drop, declining 75% from its peak. BlackWhale showing better performance, increasing…
Market Correction Sparks Unsettling Decline in Meme Coins
Key Takeaways The cryptocurrency market correction has significantly impacted meme coins, notably leading to a 75% drop in…
Meme Coin Market Faces Sharp Decline as WhiteWhale Falls 75%
Key Takeaways WhiteWhale has plummeted 75% from its peak amid the current market correction. Several meme coins, including…
What the Tightest Part of the LALIGA Season Teaches About Crypto Trading Under Pressure
As pressure builds late in the LALIGA season, decision quality becomes the real differentiator. The same logic applies to disciplined crypto trading under volatility.
Massachusetts Judge Prohibits Kalshi from Offering Sports Bets
Key Takeaways A judge in Massachusetts has prohibited the prediction markets platform, Kalshi, from facilitating sports betting within…
Crypto’s Next Challenge: Privacy and the Chicken-Egg Dilemma
Key Takeaways Privacy is becoming a central issue as cryptocurrencies move into traditional banking and state-backed systems. Regulatory…
Original Content Blocked: Importance of API Management
Key Takeaways: API management is crucial in preventing disruptions due to excessive requests. Implementing effective controls and monitoring…
VF-26 Unveiled: Zoomex and TGR Haas F1 Team Enter New Phase of Collaboration in 2026
Key Takeaways The unveiling of the VF-26 race car marks a new phase in the TGR Haas F1…
If I Were the Founder of Kaito, How Would InfoFi 2.0 Survive?
Key Takeaways InfoFi’s collapse highlighted the dangers of relying heavily on centralized platforms. The InfoFi project faces five…
App