Rumble has confirmed terms for the proposed business combination agreement with Northern Data Group. The transaction has two components: a share exchange in the first instance and a potential cash payment to the Northern Data shareholders subject to the sale and commercialisation of the Corpus Christi, Texas, sites that were recently sold to a special purpose vehicle backed by Tether Holdings.

Northern Data has agreed terms of the sale of its Peak Mining assets. The initial transaction proceeds will help liquidity in the near term, while the transaction also creates a more attractive set of remaining business assets with which to pursue a further transaction to a high performance computing (HPC) purchaser.