AcquisitionsJun 17, 2026, 04:14 PM
Rumble Acquires Northern Data, Boosts AI Capacity & Revenue Outlook
AI Summary
Rumble Inc. announced the closing of its acquisition of Northern Data AG, securing approximately 85.2% of its outstanding shares. This strategic move significantly expands Rumble's AI and high-performance computing infrastructure, adding over 200 MW of unmonetized energy capacity and roughly 22,000 high-end NVIDIA GPUs. Northern Data also raised its full-year 2026 revenue outlook by approximately 30% to 170-190 million euros, reflecting strong demand. The acquisition positions Rumble as a major player in the AI compute-as-a-service market and led to the formation of RUM Group Inc. as the new holding company, with Quake AI as a dedicated GPU and cloud computing platform.
Key Highlights
- Rumble acquired 85.2% of Northern Data AG, a leading AI and HPC infrastructure provider.
- The acquisition adds over 200 MW of unmonetized energy capacity to Rumble's portfolio.
- Rumble gains immediate access to approximately 22,000 high-end NVIDIA GPUs.
- Northern Data increased its full-year 2026 revenue outlook by ~30% to 170-190 million euros.
- Rumble now has roughly 250 MW of current energized and planned power capacity by 2027.
- A multi-year agreement with Together AI for $270 million in GPU cloud capacity was recently announced.
- Rumble introduced RUM Group Inc. as its new holding company, including Quake AI for GPU/cloud computing.
- Northern Data's GPU utilization reached approximately 85% in March 2026.
Price Impact
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