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On August 8, according to reports, the well-known video exchange service and cloud services provider Rumble announced on Monday that it intends to acquire the Bitcoin miner and high-performance computing expert Northern Data for a potential deal value of 1 billion euros (1, 17 billion dollars ).
According to the full stock trading plan, shareholders of Northern Data may receive 2,319 new class A Rumble shares for each share — if all shares are transferred, Northern Data shareholders will ultimately own about 33.3% of Rumble shares. As the main shareholder with a 54% stake in Northern Data, the stablecoin giant Tether has expressed support for this deal and promised to sign a multi-year agreement after the transaction is completed.