Rumble shareholders approved the Northern Data acquisition with 85% support, consolidating major datacenter capacity.

Rumble, Inc. (RUM) stock extended its rally into the overnight session on Monday as the company moved closer to completing its previously announced acquisition of Northern Data AG. The company secured 85.2% of Northern Data's outstanding share capital through an exchange offer, with Northern Data shareholders tendering over 8.1 million shares. These tenders represented roughly 46% of the shares that were not already committed under existing support agreements. The final acceptance period for the share exchange proposal ended on June 1. The acquisition is expected to close in mid-June.

Upon completion, Rumble will take ownership of Northern Data's high-performance computing assets and its data center network spanning Europe and the U.S. The acquisition, announced in November, will significantly expand Rumble's cloud computing business by adding approximately 22,400 Nvidia AI chips, including advanced H100 and H200 GPUs.

Rumble has secured supporting commercial commitments to underpin the expansion. Tether plans to purchase up to $150 million in GPU computing services over two years following the acquisition, with an additional $100 million advertisement commitment from Tether over a two-year period beginning in the first fiscal quarter of 2026. Last week, Rumble also secured a multi-year commercial agreement with Together AI to deploy Nvidia's HGX B300 Blackwell systems, providing exposure to enterprise customers seeking large-scale computing power.

Beyond the Northern Data acquisition, Rumble provides video streaming and cloud services for Truth Social, the social media platform owned by Trump Media & Technology Group (NASDAQ: DJT). Rumble stock edged 0.4% higher overnight and has gained over 24% year-to-date. On Stocktwits, retail sentiment remained bullish with a 1,146% surge in message volume over 24 hours.