Tether and Rumble aim to purchase all shares of Northern Data for 1.17 billion USD. If successful, Northern Data shareholders will get 2.319 Rumble shares for each of their shares, leading to a 33.3% ownership transfer.
The acquisition supports Tether’s ambitions in AI and high-performance computing, with Northern Data’s divisions focusing on GPU cloud services, infrastructure, and Bitcoin mining. Tether is already the largest shareholder of Northern Data, facilitating this strategic move.
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