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#BTC Tether and Rumble plan to fully acquire Northern Data! - Reuters
Valuation: $1,170,000,000.
Method of acquisition: exchange of Rumble shares for all shares of Northern Data.
Currently, Tether holds ~54% of the shares of Northern Data ( controlling stake ) + shares of Rumble company ( about 31%, at $775m ).
Main assets of Northern Data:
• Taiga Cloud — the largest cloud GPU cluster in Europe for AI tasks.
• 20,480 NVIDIA H100 and over 2,000 NVIDIA H200 – top graphics processors for AI training.
• Ardent Data Centers — a network of data centers with a capacity of up to 850 MW, including a facility of 180 MW in Georgia ( USA ).