On June 17, Rumble (RUM), whose primary business involves streaming video content, announced that it had closed its acquisition of Northern Data. The latter entity intends to have "approximately 250MW of power deployed or coming online across ten global data centers by 2027" and rents GPUs that are used to create AI. Northern Data expects to generate 130 million euros to 150 million euros of revenue in 2026.
Meanwhile, Tether, the issuer of the cryptocurrency Tether (USDT), has invested a large amount of funds in RUM and has pledged to provide it with a sizeable amount of revenue.
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