#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 ).
BTC-3.09%
CLOUD3.99%
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