Reported about 17 hours ago
Northern Data has withdrawn its annual forecast for 2025, citing ongoing evaluations of potential strategic transactions and market dynamics in graphics processing units. The company noted improved customer usage of its GPU capacities following a second-quarter technology upgrade. Additionally, over 15,000 of its 22,000 GPUs have been allocated to clients. Concurrently, video platform Rumble made a bid to acquire Northern Data, potentially valued at around $1.17 billion.
Source: YAHOO