Northern Data Group has released a trading update that shows a sharp sequential recovery in revenues from Taiga Cloud in Q425. After management’s actions taken throughout last year to reposition the company’s cloud offering, the benefits are now clearly evident. With the steady rise in Taiga Cloud capacity utilisation continuing into January, the current year should see continued underlying growth in revenues and adjusted EBITDA.

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.