EQS-Adhoc: Northern Data announces expiry of option to sell Corpus Christi site to global infrastructure asset manager

Publication of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014

Northern Data Announces Expiration of Option to Sell Corpus Christi Site to Global Infrastructure Asset Manager

Frankfurt – January 12, 2026 – Northern Data AG (ETR: NB2) (“Northern Data”, and together with its subsidiaries, the “Group”) today announces that its option to reacquire the Corpus Christi site and resell it for HPC purposes will expire without a transaction being concluded. The Group retains the right to receive up to USD 150 million in proceeds from its previously secured earn-out option arising from existing and future profits from mining activities at this location. In addition, if the site is sold by the current owners to a third party by the end of the 5-year earn-out period, Northern Data could retain up to 95% of the net proceeds from the sale, with this percentage decreasing linearly on a quarterly basis until the end of the earn-out period.

The expiration of Northern Data’s option to reacquire and sell the Corpus Christi site and the failure to complete the transaction for that site will also impact Rumble, Inc.’s (NASDAQ: RUM“Rumble”) impact the intended takeover offer. The previously disclosed potential cash component of up to $200 million to Northern Data shareholders who accept the Proposed Offer (as well as to other shareholders who have agreed to sell their shares to Rumble), which Rumble agreed to in the Business Combination Agreement entered into with Northern Data, was based on the completion of this Corpus Christi Site transaction and will therefore be nil. The Group, and if the Proposed Offer is completed, the Combined Group, will benefit from any net proceeds from the earn-out option and/or potential future sales proceeds to third parties as described above.