Shares of Rumble rose double-digits on Monday after the video-sharing platform announced an all-stock bid for Northern Data Group, a German data-infrastructure company. The transaction is valued at roughly $1.

Rumble Inc. is weighing an offer to buy German data center company Northern Data AG in an all-stock deal valuing the target at about $1.17 billion that would boost the conservative video service’s bid to become a cloud-computing provider.

Video platform Rumble, which hosts U.S. President Donald Trump's Truth Social, is weighing boosting its global AI cloud capabilities by acquiring Germany's Northern Data, the companies said. Rumble said it was considering making an offer for the company which would give it control of Northern Data's cloud business,