Northern Data Q1 Revenue Rises to EUR 43 Million Amid Rising GPU Utilization and Pending Acquisition by Rumble
Northern Data reported a first-quarter revenue increase of 8% year-over-year, reaching EUR 43 million in early 2026. The company attributed the growth to higher utilization rates (up to 85%) across its AI/HPC GPU fleet and maintained its full-year revenue guidance between EUR 130 million and EUR 150 million. Rumble's acquisition offer for Northern Data is on track to close in mid-June, with over 81% of shares already secured.
Tickers: $RUM
Topics: AI/HPC utilization M&A activity revenue