San Antonio, January 16, 2026
Northern Data AG’s option to reacquire its Corpus Christi data center has expired without a finalized deal, raising potential uncertainties in Rumble Inc.’s proposed acquisition. The expiration of this option eliminates a contingent cash payment of up to $200 million to Northern Data shareholders, impacting the terms of the acquisition. However, Northern Data retains an earn-out option tied to ongoing mining operations, which may provide future financial benefits. The acquisition is anticipated to close in the second quarter of 2026.
San Antonio, Texas – Northern Data’s Expired Option on Texas Data Center Could Impact Rumble Acquisition Deal Terms
San Antonio, Texas – Northern Data AG’s option to reacquire and sell its Corpus Christi data center has expired without finalizing a transaction, potentially affecting the terms of Rumble Inc.’s proposed acquisition.
Expired Option Details
On January 12, 2026, Northern Data announced that its option to reacquire and sell the Corpus Christi site for high-performance computing (HPC) purposes expired without a finalized transaction. Despite this, Northern Data retains the right to receive up to $150 million from its earn-out option related to existing and future profits generated by ongoing mining operations at the site. Additionally, if the site is sold by the current owners to a third party within the five-year earn-out period, Northern Data could retain up to 95% of the net proceeds, decreasing quarterly until the end of the period.
Impact on Rumble Acquisition
The expiration of Northern Data’s option and the failure to complete the transaction may influence the terms of Rumble Inc.’s proposed acquisition. The previously disclosed potential cash payment of up to $200 million to Northern Data shareholders, contingent upon the completion of the Corpus Christi site transaction, will now be zero. However, Northern Data and, if the acquisition proceeds, the combined group, will benefit from any net proceeds from the earn-out option and potential future third-party sale proceeds as described above.
Background on the Acquisition
In November 2025, Rumble Inc., a video-sharing platform and cloud services provider, announced its intention to acquire Northern Data AG, a German AI and HPC solutions provider. The acquisition aims to significantly expand Rumble’s cloud capabilities by adding approximately 22,000 Nvidia GPUs and a globally distributed data center footprint. The deal is expected to close in the second quarter of 2026, with Northern Data’s shares to be delisted following the completion of the exchange offer.
Current Status of Rumble Inc.
As of January 16, 2026, Rumble Inc. (NASDAQ: RUM) is trading at $6.04 per share, reflecting a decrease of $0.255 (4.06%) from the previous close. The day’s trading range has been between $6.02 and $6.32, with an opening price of $6.27 and a volume of 1,747,761 shares.
Conclusion
The expiration of Northern Data’s option on the Corpus Christi data center introduces uncertainties into the terms of Rumble Inc.’s proposed acquisition. Stakeholders will need to monitor developments closely to assess the potential impact on the deal’s structure and value.
FAQ
What is the significance of Northern Data’s expired option on the Corpus Christi data center?
The expired option means Northern Data will not reacquire and sell the Corpus Christi site, potentially affecting the terms of Rumble Inc.’s proposed acquisition.
How does this impact the proposed acquisition by Rumble Inc.?
The expiration of the option may influence the terms of Rumble’s acquisition, particularly the previously disclosed potential cash payment of up to $200 million to Northern Data shareholders, which will now be zero.
What are the potential benefits for Northern Data despite the expired option?
Despite the expired option, Northern Data retains the right to receive up to $150 million from its earn-out option related to ongoing mining operations at the site and could benefit from future third-party sale proceeds.
When is the Rumble Inc. acquisition expected to close?
The acquisition is expected to close in the second quarter of 2026, with Northern Data’s shares to be delisted following the completion of the exchange offer.
What is the current stock performance of Rumble Inc.?
As of January 16, 2026, Rumble Inc. (NASDAQ: RUM) is trading at $6.04 per share, reflecting a decrease of $0.255 (4.06%) from the previous close.
Key Features of the Rumble Inc. Acquisition of Northern Data AG
| Feature | Details |
|---|---|
| Acquiring Company | Rumble Inc. (NASDAQ: RUM) |
| Target Company | Northern Data AG |
| Proposed Acquisition Value | Approximately $767 million |
| Assets to be Acquired | Approximately 22,000 Nvidia GPUs and a globally distributed data center footprint |
| Expected Closing Date | Second quarter of 2026 |
| Impact of Expired Option | Potentially affects the previously disclosed cash payment of up to $200 million to Northern Data shareholders, now reduced to zero |
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