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.

Tether, the issuer of the USDt stablecoin, and video platform Rumble proposed a joint bid to acquire all outstanding shares of Northern Data, aiming to take