Sacked ‘whistleblowers’ launch California court action against Europe’s biggest bitcoin-miner-turned-AI-datacentre-builder

Німецька компанія Northern Data AG, що надає послуги з обробки даних, планує вивести на біржу Nasdaq свій підрозділ штучного інтелекту (ШІ) у першій половині 2025 року.

Investing.com-- Video streaming platform Rumble Inc (NASDAQ:RUM) said on Sunday evening that it had informed Northern Data AG (F:NB2) of its interest in pursuing an all-stock takeover of the cloud computing firm. Rumble said it will potentially offer 2.319 Rumble shares for each Northern Data share, representing a per-share value of about $18.27, based on Rumble’s Friday close. The final exchange ratio was yet to be determined, and will only be known after due diligence and negotiation, Rumble said in a statement. Rumble said Northern Data’s biggest shareholder, stablecoin operator Tether, had indicated it would support the deal. Tether also stands to become Rumble’s biggest shareholder if the deal proceeds, and will become a customer of the firm with a multi-year commitment to purchase processors, Rumble said. Rumble’s potential offer also assumes the Northern Data’s cryptocurrency mining unit will be disposed off prior to the completion of any takeover, with the net proceeds of the disposal to be used to reduce existing debt obligations to Tether, the streaming firm said. Tether had in December agreed to invest $775 million in Rumble. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is NB2 one of them?

German investigators have carried out raids in relation to Northern Data AG, the Frankfurt-listed technology firm backed by stablecoin issuer Tether Holdings Ltd. that has been moving away from crypto...

Rumble said on Sunday that a deal would give it control of Northern Data's GPU-rich cloud business, Taiga, and its large-scale data center arm, Ardent, with plans to integrate both into its own operat...

Investing.com -- Shares of U.S. video platform and cloud services provider Rumble (NASDAQ:RUM) rose over 6% in premarket trading on Monday after the company confirmed it is considering an acquisition of German AI cloud group Northern Data (F:NB2). The potential deal, valued at approximately $1.17 billion (1 billion euros), was acknowledged in statements from both companies. If completed, the acquisition would give Rumble control of Northern Data’s GPU-rich cloud business, Taiga, as well as its large-scale data center division, Ardent. Rumble plans to integrate both operations into its existing business structure. The proposed transaction would significantly expand Rumble’s capabilities in the growing AI and cloud computing sectors. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year.. In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if NB2 is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.

Rumble, bekannt durch seine Nähe zu rechten Influencern und als Partner von Truth Social, steigt ins Cloudgeschäft ein. Für die Aktionäre gibt es weniger als gehofft.

Investing.com -- Northern Data AG (ETR:NB2) is close to finalizing an agreement to provide data center capacity to G42, the Abu Dhabi state-backed artificial intelligence company that is expanding its European operations. Under the proposed deal, Northern Data would grant G42’s cloud-computing division, Core42, access to approximately half of its 23,000 Nvidia Corp . (NASDAQ:NVDA) graphics processing units (GPUs), according to Bloomberg, citing people familiar with the discussions. The sources noted that the terms of the agreement are still being negotiated and the deal has not been finalized. Northern Data, a German company, manages data centers across multiple countries including the United States, Sweden, Norway, and Portugal. The firm previously focused on providing computing capacity to cryptocurrency miners but has shifted its business strategy to capitalize on the growing artificial intelligence sector where demand for computing resources is rapidly increasing. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

(Reuters) -U.S.-listed video platform Rumble is considering a potential offer of about $1.17 billion (1 billion euro) for German AI cloud group Northern Data AG (ETR:NB2), according to separate statements from the companies and Reuters calculations. Rumble, also a cloud services provider, said a deal would integrate Northern Data’s data center business and GPU cloud business with a significant number of Nvidia (NASDAQ:NVDA) GPUs, into Rumble’s existing operations. Rumble is considering offering 2.319 shares for each Northern Data share, both companies said. The exchange values Northern Data at about $18.3 per share (about 15.69 euros per share), based on Reuters calculations. This is at a discount of about 32% to the German company’s last close. Rumble said its proposed offer assumes Northern Data’s Peak Mining unit will be divested prior to the completion of the deal. Tether, the majority shareholder of Northern Data, has expressed support for the transaction, according to the statements. However, the companies said there is no certainty that the discussions will eventually result in a formal offer for the German group. (1 euro = $1.1664)