Core Insights - Rumble Inc. has signed a business combination agreement with Northern Data AG, which will enhance Rumble Cloud's portfolio by adding approximately 22,000 Nvidia GPUs and a globally distributed network of data centers [1][13] - The transaction is a significant step towards Rumble's vision of a Freedom-First technology platform, emphasizing freedom, privacy, independence, and resilience in technology [1][3] - Following the completion of the exchange offer, Northern Data will be delisted [1] Group 1: Transaction Overview - The business combination will allow Rumble to scale its cloud business and expand internationally, providing significant revenue growth opportunities [2][10] - Rumble will offer 2.0281 newly issued Class A shares for each Northern Data share, resulting in approximately 30.4% pro forma ownership for Northern Data shareholders [10][39] - Tether has committed to becoming an anchor customer of the combined group after the closing of the transaction [8] Group 2: Strategic Benefits - The transaction will create one of the largest GPU estates in Europe, enhancing Rumble's capabilities in AI and high-performance computing [2][13] - Rumble aims to accelerate innovation in its video business and expand its creator, video, and advertising AI roadmap with the new GPU resources [9][10] - The combined entity will focus on building a full-stack cloud platform, enhancing its mission to protect a free and open internet [6] Group 3: Future Vision - Rumble's Freedom-First initiative aims to empower individuals rather than allowing control by large tech companies, promoting a future rooted in free speech and privacy [4][5] - The transaction is expected to facilitate the development of new verticals, including financial services and AI solutions, furthering Rumble's ecosystem [5][10] - Rumble's strategic partnership with Tether and Northern Data positions it as a disruptive force in the AI infrastructure market [5][18]