Rumble, a U.S.-based video platform and cloud services provider known for hosting former President Donald Trump's Truth Social, is planning to acquire German AI cloud company Northern Data AG in an all-stock deal valued at approximately $1.17 billion (1 billion euros). The acquisition is backed by Tether, which is expected to become the largest shareholder in the combined entity. The deal aims to expand Rumble's footprint in the AI infrastructure market. Rumble's shares rose around 7% pre-market following the announcement, while Northern Data's shares declined by over 20%, hitting a 52-week low. Discussions are ongoing, and there is no guarantee a formal offer will be made. The acquisition could position the merged company as a comprehensive 'freedom tech' full-stack provider, with potential improvements in disclosures anticipated in the future. The deal also involves a planned selloff of Northern Data's bitcoin mining division.