Rumble plans exchange offer for Northern Data: What shareholders need to know!

Rumble plans exchange offer for Northern Data: What shareholders need to know!

What is currently happening at Northern Data AG is reminiscent of an exciting crime thriller in the world of finance. On August 11, 2025, the parent company for the Company, Rumble Inc., officially signaled its interest in a potential acquisition for 100 percent of Northern Data's outstanding shares. Rumble is known as a provider of a video sharing platform and cloud services and is listed on the Nasdaq, which makes the whole thing particularly interesting for shareholders. TradingView reveals that Northern Data shareholders could potentially receive 2,319 newly issued Class A Rumble shares for each of their shares.

This takeover could have far-reaching consequences because if everything goes according to plan, Northern Data shareholders would receive a pro forma stake of around 33.3 percent in Rumble. Before that, however, there are negotiations and a careful examination on the agenda - the so-called due diligence, which evaluates all potential risks and opportunities. Tether, the majority shareholder of Northern Data, which has already signaled its support for the transaction, has an important say in this matter.

The details of the transaction

But what exactly is behind this deal? Rumble plans to integrate Northern Data's Ardent and Taiga businesses into its operations. What's particularly exciting is that the Taiga division has an impressive number of Nvidia GPUs, including around 20,480 H100s and 2,048 H200s. Rumble also intends to acquire Tether as a significant customer after the transaction is successfully completed, with the goal of purchasing GPUs over several years. This was noted in a release from GlobeNewswire.

The Executive Board and Supervisory Board of Northern Data are currently considering the offer and are ready to enter into constructive discussions with Rumble. However, there is still no decision regarding the final submission of an exchange offer; Everything depends on the implementation of due diligence and further negotiations, also reports [EQS News].

Timing and uncertainties

However, the time frame for the potential exchange offer remains uncertain. Rumble is believed to be planning to sell Northern Data's Peak Mining business to reduce existing loans before making a final offer. That begs the question: When will this deal become a reality? The answer to this is not entirely clear at this time, and there is no guarantee that Rumble will actually ultimately make an exchange offer.

An ongoing consideration is the various reviews and approvals required from both Rumble's board and other key shareholders. Tether's support is a crucial factor, but shareholders may still have to wait for their approval before the deal is finalized.

As the situation continues to develop, it will be interesting to see how negotiations between Rumble and Northern Data progress. The coming weeks could be crucial for shareholders and the future of both companies.