TechFlow news, November 10 — According to The Block, Rumble signed a business combination agreement with Northern Data on November 10. Rumble will acquire all shares of Frankfurt-listed AI and HPC infrastructure firm Northern Data through issuing new shares, in a deal potentially valued at up to $967 million. This merger will grant Rumble access to one of Europe’s largest GPU resources, including approximately 22,400 Nvidia H100 and H200 units. Meanwhile, Tether has committed to investing $150 million over two years post-transaction to purchase GPU services and signed a $100 million advertising agreement to promote adoption of Rumble Wallet. The deal is expected to close in the first or second quarter of 2026. Northern Data previously sold its Bitcoin mining subsidiary, Peak Mining, in a transaction valued at up to $200 million.
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