Mentioned:
RUM -7.40% NVDA -6.20%
Rumble has a new ambition: high performance computing. And they’re attempting to pull off a billion dollar acquisition to do it.
What’s happening:
- Rumble (NASDAQ: RUM) has announced their interest to acquire Northern Data AG in an all stock deal worth $1.2B USD
Why it matters:
- Northern Data AG is one of the largest high performance computing companies in Germany and has one of the largest operational clusters of Nvidia (NASDAQ: NVDA) GPUs in the entire world
Going deeper:
- If the acquisition is successful, Rumble would also acquire Northern Data AG’s data centre operations which have 850 megawatts of total power capacity
- Tether owns a 54% equity stake in Northern Data AG and also previously poured $775M USD into Rumble in a strategic financing round
The fine print:
- Northern Data AG has not publicly disclosed their opinion on the potential acquisition or if they intend on accepting Rumble’s offer for an all stock deal
