Tether and Rumble Plan to Take Control of Northern Data
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Tether, the company behind the USDT stablecoin, and Rumble, an alternative to YouTube, have announced a plan to fully acquire Northern Data, a company that specializes in artificial intelligence (AI) and high-performance computing (HPC). As it stands, this exclusive deal is set to give both firms control over Northern Data’s operations, which include cloud services, data infrastructure, and Bitcoin mining.
Tether is expected to play a key role in this transaction. However, the stablecoin firm is already the largest shareholder in Northern Data and has been involved with the company for a while.
Tether’s Growing Role in the Deal
Tether is at the center of the deal, having previously invested $775 million in Rumble at the end of 2024. This collaboration grew stronger in May, when Rumble introduced a wallet that supports USDT and Bitcoin.
Before now, Tether has hinted at future partnerships with Rumble and Northern Data in areas like AI, peer-to-peer communications, and data storage. However, if this deal proceeds beyond this stage, Tether will become the largest shareholder in Rumble, making it a key player in the future of these companies.
Northern Data’s Focus on AI and HPC
At the moment, Northern Data operates three key divisions, which include Taiga Cloud, a division meant to provide GPU cloud services; Ardent Data Center, a section that focuses on data infrastructure; and Peak Mining, a Bitcoin mining unit. The company has plans to sell its mining unit to invest more in AI and HPC.
To this end, if this deal goes through, shareholders of Northern Data will receive Rumble shares worth around $1.17 billion. This shift would lead to about one-third of Rumble’s ownership being held by Northern Data’s shareholders.
The bottom line is that this acquisition would strengthen the ties between Tether, Rumble, and Northern Data, bringing more focus to AI and high-performance computing in financial transition.
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