Finance
Germany's Northern Data withdraws 2025 forecast
Published by Global Banking & Finance Review®
Posted on October 21, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 21, 2025
2 min readLast updated: January 21, 2026
Northern Data cancels its 2025 forecast due to strategic evaluations and GPU market dynamics, with Rumble offering a $1.17 billion acquisition.
(Reuters) -Germany's Northern Data said on Tuesday that it had withdrawn its annual forecast, as the AI cloud company was evaluating potential strategic transactions and graphics processing unit's market pricing dynamics.
Northern Data said in a statement that the forecast withdrawal is partially offset by improved utilization of its GPU capacity driven by customer traction after the second-quarter technology upgrade.
The company said that its Taiga cloud business initiated an upgrade of its infrastructure in March to enable access to its GPU estate, which led to improving the company's ability to serve existing customers and added a new and diversified customer base.
Currently, more than 15,000 GPUs of Northern Data's 22,000 H100 and H200 GPU estate have been allocated to customers, Northern Data added.
Video platform Rumble, which hosts U.S. President Donald Trump's Truth Social, in August made an offer to acquire Northern Data, giving Rumble control of the German company's Taiga business and its large-scale data center arm, Ardent. Reuters calculated the potential total deal value at approximately $1.17 billion.
(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Anil D'Silva and Alan Barona)
GPU capacity utilization refers to the extent to which a company's graphics processing units are being used effectively to perform tasks, particularly in computing and data processing.
A strategic review is an assessment process where a company evaluates its current strategies, operations, and market conditions to identify opportunities for improvement and growth.
An acquisition is a corporate action where one company purchases most or all of another company's shares to gain control of that company.
Customer traction refers to the progress a business makes in attracting and retaining customers, often measured by sales growth, user engagement, and market share.
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