AcquisitionsJun 17, 2026, 05:26 PM
Rumble Closes Northern Data Acquisition; Renames to RUM Group Inc.
AI Summary
Rumble Inc. announced the closing of its acquisition of Northern Data AG, significantly expanding its AI and high-performance computing infrastructure. The combined entity, to be renamed RUM Group Inc., will leverage Northern Data's 200+ MW of energy capacity and 22,000 NVIDIA GPUs. Northern Data has also raised its revenue outlook for 2026 to 170-190 million Euros. Rumble also amended its registration rights and transaction agreements with Tether Investments.
Key Highlights
- Rumble Inc. closed its acquisition of Northern Data AG, now owning approximately 85.2% of its outstanding shares.
- Northern Data AG raised its full-year 2026 revenue outlook to 170-190 million Euros, up from 130-150 million Euros.
- The acquisition provides Rumble with over 200 MW of unmonetized energy capacity and access to roughly 22,000 NVIDIA GPUs.
- Rumble issued 16,578,459 shares of Class A common stock as consideration for the Northern Data exchange offer.
- Rumble Inc. announced a new business unit and legal name, RUM Group Inc., effective June 18, 2026.
- Rumble entered into an Amended and Restated Registration Rights Agreement with Tether, providing Tether registration rights for its shares.
- Rumble amended its Transaction Agreement with Tether to clarify voting, standstill, and transfer restrictions on Tether's shares.
Price Impact
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