Reports suggested that the AI infrastructure purchase would be valued at about $767 million as part of a stock deal, about three months after a planned acquisition with Tether.
Video-sharing platform Rumble announced a business combination agreement with AI infrastructure company Northern Data, following its deepening financial ties with stablecoin issuer Tether.
In a Monday notice, Rumble said it would acquire Northern Data following its August announcement with Tether as part of a joint venture to purchase the AI infrastructure company. Reports suggested that the acquisition would be valued at about $767 million as part of a stock deal between Rumble and Northern Data.
Tether invested $775 million into Rumble in December 2024, citing the platform’s “fundamental values of freedom of speech and financial freedom,” according to Paolo Ardonio, CEO of the stablecoin issuer.
Read more