RUM Group이 Northern Data 지분을 약 98%까지 확대하고 $13.7B AI 컴퓨팅 거래에 따라 소수주주 배제를 개시했다.

RUM Group Inc. plans to increase its ownership in Northern Data AG from 85.2% to approximately 98% by acquiring additional shares from Tether Investments under an existing Transaction Support Agreement. Following this acquisition, RUM Group intends to pursue squeeze-out proceedings under the German Stock Corporation Act for the remaining approximately 2% of Northern Data's outstanding shares, targeting 100% full ownership.

Under the terms of the Transaction Support Agreement, Tether agreed to exchange any additional Northern Data shares it acquires at month-end for newly issued RUM Class A common stock or pre-funded warrants at a fixed Offer Ratio of 2.0281 RUM shares per Northern Data share. On September 2, 2026, Tether reported agreements to acquire 8,256,155 Northern Data shares. RUM Group expects these acquisitions to settle in time to allow for an exchange of the acquired Northern Data shares for newly issued pre-funded warrants on or about September 30, 2026.

Following the acquisition of the additional Northern Data shares from Tether, RUM Group will submit a formal squeeze-out request to Northern Data. The company notes that the squeeze-out price may differ from the market price of Northern Data shares and prices paid by other shareholders in bilateral trades, including by Tether.

The announcement follows RUM Group's previously disclosed $13.7 billion GPU services agreement with an unaffiliated U.S.-based cloud customer for the company's site in Maysville, Georgia. Northern Data is a leading provider of artificial intelligence and high-performance computing infrastructure.