Video platform Rumble is preparing to acquire the German artificial intelligence cloud firm Northern Data in a comprehensive all-stock transaction valued at approximately $766.86 million, according to statements issued by both companies on Monday.

Under the terms of the agreement, shareholders of Northern Data will receive 2.0281 newly-issued Rumble Class A shares for each of their shares, ultimately owning 30.4% of the merged entity. The transaction also encompasses a $150 million graphics processing unit rental contract with Tether, a significant shareholder currently holding 48% of Rumble, along with $200 million in tax liability support from Rumble.

Upon finalization of the deal, Rumble is set to acquire 22,400 Nvidia GPUs, and Northern Data plans to delist. This acquisition follows

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