🇺🇸Video-platform operator RUM Group (RUM) raised ownership of AI-infrastructure provider Northern Data to approximately 98%, then requested a remaining-share squeeze-out.

RUM Group’s quarterly filing dates the initial Northern Data acquisition closing to June 17, 2026, when it acquired approximately 85% of outstanding shares. On September 30, it acquired additional shares from Tether under the Transaction Support Agreement, increasing ownership to approximately 98%.

After quarter-end, RUM submitted a formal request to acquire the remaining shares through a squeeze-out under the German Stock Corporation Act. The filing describes a request, not a completed acquisition of the remaining minority interest; it identifies AI compute infrastructure, GPU capacity, data-center assets, and power resources as the acquisition’s purpose.

The company reports its video-sharing operations under Rumble and its AI-infrastructure offerings under Quake AI. Its filed earnings release reports $68.2 million of Quake AI revenue for the three months ended September 30, reflecting the first full combined quarter after closing, from reserved and on-demand GPU cloud services and data-center hosting and colocation.

Acquisition-related financing includes a Tether arrangement allowing draws of up to $200 million under specified circumstances involving a value-added tax matter; $36,242,538 was drawn in exchange for 4,599,365 pre-funded warrants, settling at the June closing. Settlement alternatives include common shares at $7.88, pre-funded warrants at $7.8799 with a $0.0001 exercise price, or a convertible loan on terms referenced elsewhere in the filing. Acquisition-related transaction costs totaled $3,545,525 for Q3 and $36,707,170 for the nine months ended September 30.